Euronav NV (NYSE:EURN) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.45.
Several equities analysts have issued reports on EURN shares. Stifel Nicolaus restated a “hold” rating and set a $8.50 target price on shares of Euronav in a research note on Wednesday, December 6th. Deutsche Bank set a $10.00 target price on shares of Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research cut shares of Euronav from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. UBS upped their target price on shares of Euronav from $8.75 to $9.25 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, TheStreet upgraded shares of Euronav from a “d+” rating to a “c” rating in a research note on Thursday, January 25th.
Several large investors have recently modified their holdings of the company. Swiss National Bank lifted its stake in shares of Euronav by 4.3% in the 4th quarter. Swiss National Bank now owns 218,867 shares of the shipping company’s stock worth $2,017,000 after purchasing an additional 8,984 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Euronav by 5.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after purchasing an additional 10,072 shares during the period. FNY Partners Fund LP lifted its stake in shares of Euronav by 6.3% in the 4th quarter. FNY Partners Fund LP now owns 251,894 shares of the shipping company’s stock worth $2,330,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Euronav by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after purchasing an additional 16,120 shares during the period. Finally, Jefferies Group LLC bought a new position in shares of Euronav in the 4th quarter worth approximately $163,000. Hedge funds and other institutional investors own 22.87% of the company’s stock.
Euronav (NYSE:EURN) last posted its earnings results on Thursday, January 25th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The business had revenue of $119.00 million for the quarter, compared to analysts’ expectations of $121.46 million. Euronav had a net margin of 0.24% and a negative return on equity of 1.16%. research analysts forecast that Euronav will post -0.64 earnings per share for the current fiscal year.
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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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