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

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.

A number of institutional investors and hedge funds have recently made changes to their positions in EURN. Steward Partners Investment Advisory LLC purchased a new position in Euronav during the 2nd quarter valued at about $25,000. Aperio Group LLC purchased a new position in Euronav during the 2nd quarter valued at about $68,000. Bienville Capital Management LLC purchased a new position in Euronav during the 1st quarter valued at about $82,000. Albert D Mason Inc. purchased a new position in Euronav during the 2nd quarter valued at about $99,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Euronav during the 2nd quarter valued at about $104,000. 29.93% of the stock is owned by institutional investors.

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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