Euronav NV (NASDAQ:EURN) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.00.
A number of research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price target on shares of Euronav NV in a research report on Friday, July 7th. BidaskClub cut shares of Euronav NV from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. TheStreet raised shares of Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Euronav NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. Finally, ValuEngine cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
Hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in Euronav NV by 45.3% during the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock valued at $24,658,000 after buying an additional 961,865 shares in the last quarter. Morgan Stanley lifted its position in Euronav NV by 2.9% during the first quarter. Morgan Stanley now owns 524,025 shares of the shipping company’s stock valued at $4,140,000 after buying an additional 14,688 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Euronav NV during the second quarter valued at approximately $8,403,000. FNY Partners Fund LP lifted its position in Euronav NV by 8,108.1% during the second quarter. FNY Partners Fund LP now owns 146,350 shares of the shipping company’s stock valued at $1,156,000 after buying an additional 144,567 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Euronav NV by 87.1% during the second quarter. Schroder Investment Management Group now owns 248,140 shares of the shipping company’s stock valued at $1,692,000 after buying an additional 115,483 shares in the last quarter.
Shares of Euronav NV (NASDAQ EURN) opened at 8.20 on Friday. Euronav NV has a 52 week low of $6.65 and a 52 week high of $8.65. The stock has a market capitalization of $1.30 billion and a P/E ratio of 21.64. The company’s 50-day moving average is $8.11 and its 200 day moving average is $7.79.
The firm also recently declared a semiannual dividend, which was paid on Thursday, October 5th. Shareholders of record on Tuesday, September 26th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a yield of 1.61%.
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.
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