Euronav NV (EURN) Upgraded to “Hold” at BidaskClub
Euronav NV (NASDAQ:EURN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
EURN has been the topic of several other research reports. Zacks Investment Research upgraded Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, July 11th. ValuEngine upgraded Euronav NV from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. TheStreet upgraded Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price target on shares of Euronav NV in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.63.
Shares of Euronav NV (NASDAQ EURN) opened at 8.25 on Friday. The company has a market cap of $1.30 billion and a PE ratio of 21.77. Euronav NV has a 1-year low of $6.65 and a 1-year high of $8.55. The firm has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.01.
A number of large investors have recently made changes to their positions in EURN. Cubist Systematic Strategies LLC boosted its holdings in Euronav NV by 41.8% in the second quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock worth $104,000 after acquiring an additional 3,895 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in Euronav NV in the second quarter worth approximately $138,000. M&T Bank Corp boosted its holdings in Euronav NV by 78.0% in the first quarter. M&T Bank Corp now owns 22,003 shares of the shipping company’s stock worth $174,000 after acquiring an additional 9,642 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Euronav NV by 88.2% in the first quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock worth $223,000 after acquiring an additional 13,247 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Euronav NV in the first quarter worth approximately $285,000.
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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