Shares of Euronav NV (NYSE:EURN) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.00.
EURN has been the topic of a number of recent analyst reports. ValuEngine cut Euronav from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Evercore ISI reissued a “buy” rating and issued a $16.00 price objective on shares of Euronav in a report on Monday, August 12th. Finally, Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a report on Tuesday.
Shares of NYSE EURN traded up $0.31 during mid-day trading on Friday, reaching $7.56. 431,700 shares of the company’s stock were exchanged, compared to its average volume of 366,902. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -11.63 and a beta of 0.96. Euronav has a 52 week low of $6.77 and a 52 week high of $10.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.19. The firm has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $8.62.
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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