Eurobank Equities for Greek Refineries: Increase in Target Prices – Profits Soar and EBITDA Double
5 Articles
5 Articles
The benchmark for Motor Oil is at 73.9 euros and for HELLENiQ Energy at 17.5 euros - Strong cash reserves lead Motor Oil to a positive net cash position and HELLENiQ Energy to a drastic reduction in debt, supporting high dividend yields
Eurobank Equities is significantly upgrading its estimates for Greek refineries, following the further strengthening of refining margins during the summer.
Eurobank Equities is proceeding with a significant upward revision of the target prices for HelleniQ Energy and Motor Oil, while significantly upgrading its forecasts for the profitability of the two Greek refineries. In particular, the estimates for EBITDA for 2027 are almost doubled, while for 2028 they are strengthened by approximately 20%. Despite this positive revision of the fundamentals, the investment house adopts a more selective stance…
The strengthening of refining margins in the summer leads to significantly higher profitability forecasts for 2026 and 2027.
Eurobank Equities "sees" much higher profits, generous dividends, but smaller upside for shares after the strong rally for Motor Oil and Helleniq Energy.
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