EURN has been the subject of several other reports. Morgan Stanley raised shares of Euronav from an equal weight rating to an overweight rating and set a $10.00 target price for the company in a research note on Monday, February 12th. TheStreet cut shares of Euronav from a c- rating to a d+ rating in a research note on Tuesday, November 14th. Stifel Nicolaus reaffirmed 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. Finally, Zacks Investment Research cut shares of Euronav from a hold rating to a sell rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $9.35.
Shares of Euronav (NYSE EURN) opened at $8.50 on Tuesday. The company has a market cap of $1,353.28, a price-to-earnings ratio of 850.85 and a beta of 0.60. Euronav has a 52-week low of $6.90 and a 52-week high of $9.65.
Large investors have recently modified their holdings of the business. Jefferies Group LLC purchased a new position in shares of Euronav in the 4th quarter worth $163,000. Macquarie Group Ltd. purchased a new position in shares of Euronav in the 4th quarter worth $190,000. Impala Asset Management LLC purchased a new position in shares of Euronav in the 4th quarter worth $687,000. Dimensional Fund Advisors LP grew 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 buying an additional 16,120 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Euronav in the 4th quarter worth $894,000. 20.40% of the stock is owned by institutional investors and hedge funds.
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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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