Shares of Euronav NV (NASDAQ:EURN) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.00.

EURN has been the subject of a number of research reports. Zacks Investment Research upgraded Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, July 11th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. BidaskClub raised Euronav NV from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Stifel Nicolaus reissued a “hold” rating and issued a $8.00 target price on shares of Euronav NV in a research report on Friday, July 7th. Finally, ValuEngine upgraded Euronav NV from a “sell” rating to a “hold” rating in a research note on Monday.

Euronav NV (EURN) opened at 8.05 on Wednesday. The stock has a market cap of $1.27 billion and a P/E ratio of 21.24. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $7.96. Euronav NV has a 1-year low of $6.65 and a 1-year high of $8.55.

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

Several large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its holdings in Euronav NV by 41.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock worth $104,000 after purchasing an additional 3,895 shares during the period. Prudential PLC lifted its position in Euronav NV by 89.1% during the second quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock valued at $53,209,000 after purchasing an additional 3,173,589 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Euronav NV by 169.2% during the second quarter. Dimensional Fund Advisors LP now owns 79,312 shares of the shipping company’s stock valued at $627,000 after purchasing an additional 49,846 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in Euronav NV during the second quarter valued at $138,000. Finally, FMR LLC lifted its position in Euronav NV by 17.2% during the second quarter. FMR LLC now owns 3,613,846 shares of the shipping company’s stock valued at $28,587,000 after purchasing an additional 530,831 shares in the last quarter.

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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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