Euronav NV (NYSE:EURN) Receives $11.20 Average Price Target from Analysts

Shares of Euronav NV (NYSE:EURN) have earned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.20.

A number of research firms recently weighed in on EURN. Zacks Investment Research cut shares of Euronav from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. ValuEngine upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, TheStreet upgraded shares of Euronav from a “d+” rating to a “c-” rating in a research note on Monday, April 15th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bienville Capital Management LLC bought a new stake in Euronav in the 1st quarter valued at $82,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Euronav in the 1st quarter worth about $133,000. Mraz Amerine & Associates Inc. increased its holdings in shares of Euronav by 5.3% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 39,899 shares of the shipping company’s stock worth $325,000 after buying an additional 2,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Euronav by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 148,865 shares of the shipping company’s stock worth $1,295,000 after buying an additional 7,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Euronav by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 165,588 shares of the shipping company’s stock worth $1,148,000 after buying an additional 8,635 shares during the last quarter. Institutional investors own 30.17% of the company’s stock.

Shares of Euronav stock traded up $0.15 on Friday, hitting $9.05. 15,450 shares of the company’s stock were exchanged, compared to its average volume of 422,020. The firm has a 50-day moving average of $8.99. The company has a market capitalization of $1.99 billion, a PE ratio of -13.94 and a beta of 0.91. Euronav has a 1 year low of $6.77 and a 1 year high of $10.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.19.

Euronav (NYSE:EURN) last released its earnings results on Tuesday, April 30th. The shipping company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Euronav had a negative net margin of 7.01% and a negative return on equity of 3.29%. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $206.08 million.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

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Analyst Recommendations for Euronav (NYSE:EURN)

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