Helleniq Energy and Motor Oil receive upgraded buy ratings and higher price targets

Eurobank Equities upgraded its recommendation on Helleniq Energy to "Buy" and raised the target price to €12.60 from €9.40, while Pantelakis Securities kept an "Overweight" stance with a €12.50 target. Both analysts sharply lifted their 2026 EBITDA forecasts, with Eurobank projecting €1.256 billion (up 35%) and Pantelakis €1.337 billion, and estimated 2026 net profits of €636 million and €682 million respectively. The revised outlook also assumes refined‐margin levels of $17.4 per barrel in 2026 and $15.2 in 2027, far above historic benchmarks. The analysts highlighted that a sizable portion of Helleniq Energy’s earnings now comes from trading, logistics, and supply‑chain optimisation, reducing reliance on traditional refining spreads. They estimated that proper valuation of the petrochemical segment could add €700‑750 million to the group’s market cap. Motor Oil also benefited from the more optimistic profitability assumptions, reinforcing the positive sentiment toward the Greek energy conglomerate.