Zacks Investment Research downgraded shares of Euronav NV (NASDAQ:EURN) from a hold rating to a sell rating in a research report sent to investors on Friday.

According to Zacks, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium. “

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reissued an equal weight rating and issued a $9.50 price target (down from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Deutsche Bank AG reissued a hold rating on shares of Euronav NV in a research note on Wednesday, July 6th. Credit Suisse Group AG reissued a buy rating and issued a $15.00 price target on shares of Euronav NV in a research note on Friday, August 26th. Citigroup Inc. reduced their price target on shares of Euronav NV from $14.00 to $11.00 and set a buy rating on the stock in a research note on Friday, July 29th. Finally, Wells Fargo & Co. reissued an outperform rating on shares of Euronav NV in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $11.17.

Shares of Euronav NV (NASDAQ:EURN) traded down 1.27% during midday trading on Friday, reaching $7.80. 200,490 shares of the company’s stock traded hands. The stock has a market capitalization of $1.23 billion and a P/E ratio of 3.75. Euronav NV has a 1-year low of $7.39 and a 1-year high of $16.23. The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $9.40.

Euronav NV (NASDAQ:EURN) last posted its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.13. On average, equities analysts predict that Euronav NV will post $1.88 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 20th.

Several large investors have recently made changes to their positions in the stock. Schroder Investment Management Group purchased a new stake in shares of Euronav NV during the second quarter worth approximately $105,000. Stevens Capital Management LP increased its stake in shares of Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock worth $110,000 after buying an additional 61 shares in the last quarter. Bremer Trust National Association increased its stake in shares of Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock worth $118,000 after buying an additional 495 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Euronav NV by 27.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,724 shares of the company’s stock worth $135,000 after buying an additional 3,152 shares in the last quarter. Finally, KCG Holdings Inc. increased its stake in shares of Euronav NV by 166.5% in the second quarter. KCG Holdings Inc. now owns 27,611 shares of the company’s stock worth $253,000 after buying an additional 17,249 shares in the last quarter.

5 Day Chart for NASDAQ:EURN

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