Euronav NV (NYSE:EURN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Euronav NV (NYSE:EURN) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.18.

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective on the stock. in a report on Tuesday, February 6th. Jefferies Financial Group restated a “hold” rating and set a $18.00 target price (down previously from $21.00) on shares of Euronav in a report on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, StockNews.com raised shares of Euronav from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Institutional Trading of Euronav

Institutional investors have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in shares of Euronav in the third quarter valued at about $4,220,000. Penserra Capital Management LLC bought a new stake in Euronav during the third quarter worth about $407,000. Covestor Ltd raised its holdings in Euronav by 177.1% during the third quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock worth $41,000 after acquiring an additional 1,601 shares in the last quarter. Blue Trust Inc. bought a new stake in Euronav during the fourth quarter worth about $29,000. Finally, Significant Wealth Partners LLC bought a new stake in Euronav during the fourth quarter worth about $356,000.

Euronav Stock Performance

Shares of NYSE EURN opened at $17.00 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27. Euronav has a 12-month low of $14.10 and a 12-month high of $18.50. The firm’s 50-day simple moving average is $16.79 and its 200 day simple moving average is $17.44.

Euronav (NYSE:EURN) last released its quarterly earnings results on Thursday, February 1st. The shipping company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.53 by $0.24. Euronav had a net margin of 69.69% and a return on equity of 25.45%. The business had revenue of $233.62 million for the quarter, compared to analysts’ expectations of $266.87 million. Research analysts predict that Euronav will post 1.91 EPS for the current fiscal year.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.