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.

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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.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

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