Euronav NV (EURN) Downgraded by ValuEngine

Euronav NV (NASDAQ:EURN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Monday, June 26th. BidaskClub raised Euronav NV from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $8.00 price target on shares of Euronav NV in a research report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Euronav NV (EURN) traded down 0.66% during mid-day trading on Friday, hitting $7.55. 312,977 shares of the company were exchanged. The firm has a 50 day moving average price of $7.63 and a 200 day moving average price of $7.77. Euronav NV has a 12 month low of $6.65 and a 12 month high of $9.41. The stock has a market cap of $1.19 billion and a price-to-earnings ratio of 19.92.

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A number of institutional investors have recently added to or reduced their stakes in EURN. Edmond DE Rothschild Holding S.A. raised its position in Euronav NV by 1.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 117,620 shares of the shipping company’s stock valued at $943,000 after buying an additional 2,000 shares during the period. Point72 Asset Management L.P. raised its position in Euronav NV by 0.6% in the first quarter. Point72 Asset Management L.P. now owns 492,600 shares of the shipping company’s stock valued at $3,892,000 after buying an additional 3,100 shares during the period. Renaissance Group LLC raised its position in Euronav NV by 11.7% in the first quarter. Renaissance Group LLC now owns 29,740 shares of the shipping company’s stock valued at $235,000 after buying an additional 3,113 shares during the period. Cubist Systematic Strategies LLC raised its position in Euronav NV by 41.8% in the second quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock valued at $104,000 after buying an additional 3,895 shares during the period. Finally, Swiss National Bank raised its position in Euronav NV by 2.8% in the first quarter. Swiss National Bank now owns 209,883 shares of the shipping company’s stock valued at $1,681,000 after buying an additional 5,691 shares during the period.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

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