Want to see ECO full AI Analyst Report?
Top Page
Okeanis Eco Tankers Corp.
(NYSE:ECO)
Select Model
Select Model
Rating:81Outperform
Price Target:
$115.00
▲(76.81% Upside)
Action:Reiterated
Date:10/14/26
ECO scores well primarily on outstanding recent profitability and improved leverage, supported by attractive valuation (low P/E and high dividend yield). The score is moderated by weaker free cash flow conversion, cyclical/shipping rate sensitivity highlighted in guidance, and technically stretched momentum that can increase near-term pullback risk.
Positive Factors
Young, efficient fleet
A young, modern fleet can support strong fuel efficiency, reliability and commercial appeal while limiting near-term replacement needs. Eco scrubber-fitted vessels and only one planned 2026 dry dock also support vessel availability and help preserve earning capacity over the next several quarters.
Negative Factors
Shipping-rate cyclicality
The company’s revenue and earnings depend heavily on charter rates, utilization and crude-oil trade flows, leaving results exposed to reversals after unusually strong periods. This makes current margins difficult to sustain consistently and can reduce cash available for debt reduction or distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Young, efficient fleet
A young, modern fleet can support strong fuel efficiency, reliability and commercial appeal while limiting near-term replacement needs. Eco scrubber-fitted vessels and only one planned 2026 dry dock also support vessel availability and help preserve earning capacity over the next several quarters.
Read all positive factors
Okeanis Eco Tankers Corp. (ECO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.38B
Dividend Yield10.47%
Average Volume (3M)891.67K
Price to Earnings (P/E)8.4
Beta (1Y)0.78
Revenue Growth105.24%
EPS Growth413.89%
CountryUS
Employees14
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)10.72
Shares Outstanding39,044,655
10 Day Avg. Volume1,003,347
30 Day Avg. Volume891,675
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)1.92
Price to Sales (P/S)2.82
P/FCF Ratio15.50
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue3.45
Enterprise Value/Gross Profit5.12
Enterprise Value/Ebitda5.09
Forecast
1Y Price Target
$100.00Price Target Upside53.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)18.05
Revenue Forecast (FY)$864.59M
Okeanis Eco Tankers Corp. Business Overview & Revenue Model
Company Description
Okeanis Eco Tankers Corp. is a global maritime enterprise primarily involved in the acquisition, chartering out, and operational oversight of oil tanker vessels worldwide. Beyond its core business, the firm also delivers a variety of shipping-rela...
How the Company Makes Money
Okeanis Eco Tankers generates revenue primarily by chartering its crude oil tankers to customers that need seaborne transportation capacity. Its core revenue stream is freight income earned under charter arrangements, which can include time charte...
Okeanis Eco Tankers Corp. Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call emphasizes a very strong operational and financial quarter driven by exceptional spot rates, disciplined commercial execution, accretive acquisitions, a modern young fleet, improved financing costs and generous shareholder returns. Notable risks include elevated working capital fluctuations, geopolitical disruptions (attacks and Hormuz/Red Sea/Black Sea fragility), medium‑term order‑book supply considerations and short‑term rate volatility on some Suezmax routes. Overall, management presents confidence in continued shareholder distributions and a strategy to preserve optionality while acknowledging market and operational risks.Positive Updates
Record Quarterly and Half-Year Results
Q2 2026 was the company's strongest quarter ever and H1 2026 the strongest first half since inception: adjusted EPS of $5.91 for the quarter and $8.28 for the first half; adjusted net profit of $231 million for Q2 and H1 net income of about $320 million. TCE revenue for the first 6 months exceeded $400 million.
Negative Updates
Elevated Working Capital and Receivables
Receivables and working capital increased materially quarter‑on‑quarter due to significantly higher rates; cash at quarter end was $248 million but includes earmarked amounts and restricted cash. Management notes these receivables are typically collected shortly after quarter end, but working capital volatility can affect short‑term liquidity and cash balance normalization expectations.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly and Half-Year Results
Q2 2026 was the company's strongest quarter ever and H1 2026 the strongest first half since inception: adjusted EPS of $5.91 for the quarter and $8.28 for the first half; adjusted net profit of $231 million for Q2 and H1 net income of about $320 million. TCE revenue for the first 6 months exceeded $400 million.
Read all positive updates
Company Guidance
For Q3 the company said earnings visibility remains strong: it entered the quarter with the full 18‑vessel fleet on the water (average age ~5.5–5.6 years) and 99% Q2 fleet utilization, has fixed 48% of VLCC spot days at ~$207,000/day and 42% of Suezmax spot days at ~$133,000/day, with the fixed spot portion across the fleet at ~$166,500/day on 681 days, plus 92 time‑charter days at $90,000/day and roughly 52% of total fleet days still open — a meaningful portion of the quarter to fix (both opportunity and risk); Milos’ 10‑year dry dock is scheduled end‑Sept/early‑Oct; management also noted recent spot outperformance versus peers (~+50% VLCC, ~+60% Suezmax).Okeanis Eco Tankers Corp. Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
76
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 706.47M | 391.55M | 393.23M | 413.10M | 270.97M | 169.00M |
| Gross Profit | 475.77M | 224.44M | 223.60M | 221.41M | 123.18M | 44.63M |
| EBITDA | 479.04M | 164.39M | 203.63M | 244.31M | 157.60M | 64.85M |
| Net Income | 402.14M | 122.95M | 108.86M | 145.25M | 84.56M | -902.90K |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.20B | 1.08B | 1.13B | 1.18B | 954.59M |
| Cash, Cash Equivalents and Short-Term Investments | 222.59M | 116.64M | 49.34M | 49.99M | 81.35M | 38.18M |
| Total Debt | 722.49M | 605.10M | 646.18M | 693.28M | 739.04M | 577.00M |
| Total Liabilities | 771.74M | 627.55M | 671.67M | 720.98M | 761.11M | 596.30M |
| Stockholders Equity | 877.51M | 573.09M | 410.43M | 408.13M | 422.24M | 358.29M |
Cash Flow | ||||||
| Free Cash Flow | 44.90M | 71.11M | 153.67M | 171.61M | -98.98M | 6.29M |
| Operating Cash Flow | 360.91M | 111.30M | 164.86M | 174.92M | 81.16M | 28.60M |
| Investing Cash Flow | -334.81M | -42.42M | -11.24M | -1.27M | -179.10M | 285.67M |
| Financing Cash Flow | 135.84M | -3.45M | -153.42M | -205.72M | 140.70M | -299.43M |
Okeanis Eco Tankers Corp. Technical Analysis
Positive
65.04
Price Trends
77.47
Positive
63.71
Positive
52.78
Positive
Market Momentum
4.06
Positive
59.47
Neutral
21.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECO, the sentiment is Positive. The current price of 65.04 is below the 20-day moving average (MA) of 88.07, below the 50-day MA of 77.47, and above the 200-day MA of 52.78, indicating a bullish trend. The MACD of 4.06 indicates Positive momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 21.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ECO.
Okeanis Eco Tankers Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $3.28B | 5.63 | 27.73% | 2.08% | 19.33% | 110.30% | |
82 Outperform | $11.20B | 7.69 | 54.89% | 12.05% | 48.84% | 524.52% | |
81 Outperform | $3.38B | 8.39 | ― | 10.47% | 105.24% | 413.89% | |
76 Outperform | $3.76B | 8.22 | 39.55% | 10.14% | 39.42% | 148.77% | |
76 Outperform | $5.19B | 7.05 | 37.04% | 11.35% | 57.66% | 225.95% | |
70 Outperform | $1.61B | 13.02 | 26.85% | 10.42% | 29.11% | 814.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
ECO
Okeanis Eco Tankers Corp.
76.15
48.36
174.06%
DHT
DHT Holdings
24.12
13.13
119.53%
FRO
Frontline
51.22
30.21
143.75%
NAT
Nordic American Tanker
7.54
4.47
145.84%
TNK
Teekay Tankers
95.31
37.96
66.20%
INSW
International Seaways
108.42
66.02
155.73%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.