Brokerages Set Euronav NV (EURN) PT at $9.00
Shares of Euronav NV (NASDAQ:EURN) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.00.
EURN has been the topic of several recent analyst reports. Zacks Investment Research raised Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Monday, June 26th. ValuEngine lowered Euronav NV from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Euronav NV from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price objective on shares of Euronav NV in a report on Friday, July 7th.
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Shares of Euronav NV (EURN) traded up 0.72% during mid-day trading on Tuesday, reaching $6.95. The company’s stock had a trading volume of 807,131 shares. Euronav NV has a 52 week low of $6.65 and a 52 week high of $9.51. The company’s 50-day moving average is $7.72 and its 200-day moving average is $7.80. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 18.34.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 26th will be issued a dividend of $0.06 per share. This represents a dividend yield of 1.61%. The ex-dividend date is Monday, September 25th.
Several institutional investors have recently modified their holdings of the company. Prudential PLC raised its position in shares of Euronav NV by 89.1% in the second quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock valued at $53,209,000 after buying an additional 3,173,589 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Euronav NV during the second quarter valued at about $8,403,000. FMR LLC raised its position in shares of Euronav NV by 45.3% in the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock valued at $24,658,000 after buying an additional 961,865 shares during the last quarter. Doheny Asset Management CA raised its position in shares of Euronav NV by 161.3% in the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock valued at $8,835,000 after buying an additional 690,370 shares during the last quarter. Finally, City Financial Investment Co Ltd purchased a new position in shares of Euronav NV during the first quarter valued at about $5,066,000.
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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