Shares of Euronav NV (NYSE:EURN) have been given an average recommendation of “Buy” by the eleven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.17.
A number of analysts have weighed in on the company. TheStreet raised Vectrus from a “c+” rating to a “b” rating in a research report on Monday, April 15th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.
Euronav stock traded down $0.05 during mid-day trading on Tuesday, reaching $8.89. 295,555 shares of the company were exchanged, compared to its average volume of 332,864. Euronav has a twelve month low of $6.77 and a twelve month high of $10.22. The stock has a 50-day moving average price of $8.83. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -13.68 and a beta of 0.97.
Euronav (NYSE:EURN) last posted its quarterly earnings data on Tuesday, April 30th. The shipping company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Euronav had a negative return on equity of 3.29% and a negative net margin of 7.01%. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $206.08 million.
Several hedge funds have recently modified their holdings of the company. Mraz Amerine & Associates Inc. increased its stake in Euronav by 5.3% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 39,899 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 2,000 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Euronav by 39.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,757 shares of the shipping company’s stock valued at $215,000 after purchasing an additional 6,460 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Euronav by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 165,588 shares of the shipping company’s stock valued at $1,148,000 after purchasing an additional 8,635 shares in the last quarter. Bienville Capital Management LLC purchased a new position in Euronav in the 1st quarter valued at approximately $82,000. Finally, Barclays PLC increased its stake in Euronav by 106.1% in the 4th quarter. Barclays PLC now owns 232,775 shares of the shipping company’s stock valued at $1,612,000 after purchasing an additional 119,811 shares in the last quarter. 30.17% of the stock is owned by institutional investors and hedge funds.
Euronav Company Profile
Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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