BidaskClub Upgrades Euronav NV (EURN) to “Sell”
BidaskClub upgraded shares of Euronav NV (NASDAQ:EURN) from a strong sell rating to a sell rating in a report released on Thursday morning.
Several other research analysts have also issued reports on EURN. Stifel Nicolaus restated a hold rating and set a $8.00 price target on shares of Euronav NV in a report on Friday, July 7th. Zacks Investment Research lowered shares of Euronav NV from a buy rating to a hold rating in a research note on Monday, July 3rd. TheStreet upgraded shares of Euronav NV from a d+ rating to a c- rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered shares of Euronav NV from a buy rating to a hold rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Euronav NV has a consensus rating of Hold and an average target price of $9.50.
Euronav NV (NASDAQ EURN) opened at 7.70 on Thursday. The firm has a market cap of $1.22 billion and a price-to-earnings ratio of 20.32. The company has a 50-day moving average of $7.65 and a 200-day moving average of $7.78. Euronav NV has a 1-year low of $6.65 and a 1-year high of $9.41.
TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades Euronav NV (EURN) to “Sell”” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/28/bidaskclub-upgrades-euronav-nv-eurn-to-sell.html.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 26th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 25th. This represents a yield of 1.61%.
A number of hedge funds have recently made changes to their positions in EURN. Doheny Asset Management CA raised its stake 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 worth $8,835,000 after buying an additional 690,370 shares during the period. FMR LLC raised its stake 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 worth $24,658,000 after buying an additional 961,865 shares during the period. Morgan Stanley raised its stake in shares of Euronav NV by 2.9% in the first quarter. Morgan Stanley now owns 524,025 shares of the shipping company’s stock worth $4,140,000 after buying an additional 14,688 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Euronav NV during the second quarter worth approximately $8,403,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Euronav NV by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,221 shares of the shipping company’s stock worth $8,652,000 after buying an additional 102,970 shares during the period.
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.
Receive News & Stock Ratings for Euronav NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav NV and related stocks with our FREE daily email newsletter.