Euronav NV (EURN) Given a $8.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $8.00 price target on Euronav NV (NASDAQ:EURN) in a research note released on Sunday. The brokerage currently has a hold rating on the shipping company’s stock.

Several other research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Euronav NV from a sell rating to a hold rating in a research report on Friday, October 13th. 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. ValuEngine upgraded shares of Euronav NV from a sell rating to a hold rating in a research report on Monday, October 2nd. Finally, TheStreet upgraded shares of Euronav NV from a d+ rating to a c- rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Euronav NV currently has an average rating of Hold and an average price target of $8.83.

Shares of Euronav NV (NASDAQ:EURN) remained flat at $8.20 during midday trading on Friday. 467,800 shares of the company traded hands. The stock has a market cap of $1.30 billion and a PE ratio of 21.64. The firm’s 50 day moving average price is $8.11 and its 200 day moving average price is $7.79. Euronav NV has a 52 week low of $6.65 and a 52 week high of $8.65.

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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. This represents a yield of 1.61%. The ex-dividend date was Monday, September 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. grew its position in Euronav NV by 0.6% during 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 acquiring an additional 3,100 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Euronav NV by 41.8% during the second quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock valued at $104,000 after acquiring an additional 3,895 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Euronav NV by 88.2% during the first quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock valued at $223,000 after acquiring an additional 13,247 shares during the last quarter. Morgan Stanley grew 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 acquiring an additional 14,688 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in Euronav NV during the second quarter valued at approximately $138,000.

About Euronav NV

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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