Euronav NV (NYSE:EURN) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Tuesday.

A number of other research analysts have also recently weighed in on EURN. Zacks Investment Research cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Euronav NV from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus set a $8.00 price objective on shares of Euronav NV and gave the stock a “hold” rating in a research note on Sunday, October 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.83.

Shares of Euronav NV (NYSE EURN) remained flat at $$8.50 on Tuesday. The company had a trading volume of 416,600 shares, compared to its average volume of 502,401. The company has a current ratio of 1.29, a quick ratio of 1.64 and a debt-to-equity ratio of 0.46. Euronav NV has a fifty-two week low of $6.65 and a fifty-two week high of $8.65. The firm has a market capitalization of $1,350.00 and a PE ratio of 121.43.

WARNING: “Euronav NV (EURN) Rating Lowered to D+ at TheStreet” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/16/euronav-nv-eurn-rating-lowered-to-d-at-thestreet.html.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Euronav NV by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after acquiring an additional 16,120 shares during the period. Allianz Asset Management GmbH grew its stake in Euronav NV by 5.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after acquiring an additional 10,072 shares during the period. Finally, Lasry Marc purchased a new stake in Euronav NV in the 3rd quarter worth approximately $14,203,000. 22.78% of the stock is owned by hedge funds and other institutional investors.

Euronav NV Company Profile

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.