Euronav NV (NASDAQ:EURN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium. “

A number of other equities research analysts have also weighed in on EURN. Stifel Nicolaus set a $8.00 target price on Euronav NV and gave the company a “hold” rating in a research report on Sunday, October 29th. BidaskClub lowered Euronav NV from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine raised Euronav NV from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.83.

Shares of Euronav NV (NASDAQ:EURN) traded down $0.25 during midday trading on Friday, reaching $8.20. The company’s stock had a trading volume of 451,153 shares.

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Several large investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC increased its holdings in shares of Euronav NV by 784.8% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 740,471 shares of the shipping company’s stock valued at $5,998,000 after acquiring an additional 656,784 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Euronav NV in the 3rd quarter valued at $4,829,000. Cubist Systematic Strategies LLC increased its holdings in shares of Euronav NV by 41.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock valued at $104,000 after acquiring an additional 3,895 shares during the period. Prudential PLC increased its holdings in shares of Euronav NV by 89.1% in the 2nd quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock valued at $53,209,000 after acquiring an additional 3,173,589 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Euronav NV by 169.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,312 shares of the shipping company’s stock valued at $627,000 after acquiring an additional 49,846 shares during the period.

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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