Shares of Euronav NV (NASDAQ:EURN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.00.

A number of brokerages have recently commented on EURN. BidaskClub raised shares of Euronav NV from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. ValuEngine lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price objective on shares of Euronav NV in a research report on Friday, July 7th.

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Shares of Euronav NV (NASDAQ:EURN) opened at 8.00 on Friday. The firm’s 50-day moving average is $7.61 and its 200 day moving average is $7.76. The stock has a market cap of $1.27 billion and a P/E ratio of 21.11. Euronav NV has a 52-week low of $6.65 and a 52-week high of $8.95.

The business also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Shareholders of record on Tuesday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 25th. This represents a dividend yield of 1.61%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Prudential PLC boosted its position in shares of Euronav NV by 89.1% during 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 in the last quarter. FMR LLC boosted its position in shares of Euronav NV by 17.2% during the 2nd quarter. FMR LLC now owns 3,613,846 shares of the shipping company’s stock worth $28,587,000 after purchasing an additional 530,831 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Euronav NV by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,824,053 shares of the shipping company’s stock worth $22,310,000 after purchasing an additional 152,480 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Euronav NV by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,345,108 shares of the shipping company’s stock worth $18,526,000 after purchasing an additional 90,867 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH boosted its position in shares of Euronav NV by 25.8% during the 1st quarter. Lingohr & Partner Asset Management GmbH now owns 1,640,365 shares of the shipping company’s stock worth $12,959,000 after purchasing an additional 336,932 shares in the last quarter.

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.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

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