Euronav NV (EURN) Receives Average Rating of “Hold” from Brokerages
Shares of Euronav NV (NASDAQ:EURN) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.00.
A number of brokerages recently commented on EURN. BidaskClub cut Euronav NV from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Euronav NV from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Stifel Nicolaus reissued a “hold” rating and set a $8.00 price target on shares of Euronav NV in a report on Friday, July 7th. Finally, ValuEngine cut Euronav NV from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Euronav NV (EURN) opened at 7.20 on Tuesday. The company’s 50-day moving average price is $7.79 and its 200 day moving average price is $7.82. The stock has a market capitalization of $1.14 billion and a PE ratio of 18.85. Euronav NV has a 52-week low of $6.65 and a 52-week high of $9.51.
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 issued a dividend of $0.06 per share. The ex-dividend date is Monday, September 25th. This represents a yield of 1.61%.
Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its stake in shares of Euronav NV by 41.8% in the second quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock valued at $104,000 after buying an additional 3,895 shares during the period. Virtu KCG Holdings LLC purchased a new stake in shares of Euronav NV during the second quarter valued at about $138,000. M&T Bank Corp boosted its stake in shares of Euronav NV by 78.0% in the first quarter. M&T Bank Corp now owns 22,003 shares of the shipping company’s stock valued at $174,000 after buying an additional 9,642 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Euronav NV by 121.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,501 shares of the shipping company’s stock valued at $188,000 after buying an additional 12,895 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Euronav NV during the first quarter valued at about $198,000.
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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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