Euronav NV (EURN) Upgraded to “Hold” at BidaskClub
Euronav NV (NASDAQ:EURN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.
Other equities research analysts have also issued reports about the company. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 price target on shares of Euronav NV in a report on Friday, July 7th. TheStreet upgraded Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered Euronav NV from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Finally, ValuEngine lowered Euronav NV from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.50.
Shares of Euronav NV (EURN) traded down 0.062% on Friday, hitting $8.045. 434,233 shares of the stock traded hands. Euronav NV has a one year low of $6.65 and a one year high of $9.27. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of 21.227. The company’s 50 day moving average is $7.61 and its 200 day moving average is $7.76.
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Several institutional investors have recently made changes to their positions in the company. Prudential PLC lifted its holdings in Euronav NV by 89.1% in the 2nd quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock worth $53,209,000 after purchasing an additional 3,173,589 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Euronav NV in the 2nd quarter worth approximately $8,403,000. FMR LLC lifted its holdings in Euronav NV by 45.3% in the 1st quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock worth $24,658,000 after purchasing an additional 961,865 shares during the last quarter. Doheny Asset Management CA lifted its holdings in Euronav NV by 161.3% in the 1st quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock worth $8,835,000 after purchasing an additional 690,370 shares during the last quarter. Finally, City Financial Investment Co Ltd acquired a new stake in Euronav NV in the 1st quarter worth approximately $5,066,000.
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.
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