Shares of Euronav NV (NYSE:EURN) gapped up prior to trading on Friday . The stock had previously closed at $7.90, but opened at $8.10. Euronav shares last traded at $8.35, with a volume of 3274600 shares traded.
A number of analysts have recently commented on the stock. Deutsche Bank set a $10.00 price objective on shares of Euronav and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a $8.50 price objective on shares of Euronav in a report on Wednesday, December 6th. TheStreet lowered Euronav from a “c-” rating to a “d+” rating in a report on Tuesday, November 14th. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub raised Euronav from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.00.
The company has a quick ratio of 1.64, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $1,289.59, a PE ratio of 115.71 and a beta of 0.78.
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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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