Euronav NV (EURN) Rating Lowered to D+ at TheStreet
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.
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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.
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