Euronav NV (EURN) Given Average Recommendation of “Buy” by Brokerages

Shares of Euronav NV (NYSE:EURN) have earned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.34.

Several brokerages have recently weighed in on EURN. Zacks Investment Research downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. ValuEngine raised Euronav from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. DNB Markets downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Jefferies Financial Group began coverage on Euronav in a research note on Monday, October 1st. They set a “buy” rating and a $11.00 target price for the company. Finally, BTIG Research began coverage on Euronav in a research note on Thursday, September 27th. They set a “buy” rating and a $12.00 target price for the company.

Shares of EURN stock traded up $0.17 during trading hours on Monday, hitting $8.43. 385,618 shares of the company’s stock were exchanged, compared to its average volume of 465,759. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.49. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -93.67 and a beta of 0.33. Euronav has a fifty-two week low of $7.50 and a fifty-two week high of $10.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of EURN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Euronav in the 2nd quarter valued at $114,000. Aperio Group LLC purchased a new stake in Euronav in the 2nd quarter valued at $124,000. Cubist Systematic Strategies LLC purchased a new stake in Euronav in the 2nd quarter valued at $161,000. Citadel Advisors LLC purchased a new stake in Euronav in the 3rd quarter valued at $166,000. Finally, Tower Research Capital LLC TRC grew its holdings in Euronav by 156.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,311 shares of the shipping company’s stock valued at $169,000 after buying an additional 11,176 shares in the last quarter. 40.15% of the stock is owned by hedge funds and other institutional investors.

About Euronav

Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

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Analyst Recommendations for Euronav (NYSE:EURN)

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