Euronav NV (NYSE:EURN) has received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.45.
Several brokerages have issued reports on EURN. DNB Markets raised shares of Euronav from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. JPMorgan Chase & Co. boosted their price target on shares of Euronav from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Friday, March 23rd. Zacks Investment Research raised shares of Euronav from a “strong sell” rating to a “hold” rating in a report on Monday, April 16th. Finally, ValuEngine raised shares of Euronav from a “hold” rating to a “buy” rating in a report on Thursday, May 24th.
Institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC acquired a new stake in shares of Euronav in the 1st quarter valued at $3,989,000. Russell Investments Group Ltd. acquired a new stake in shares of Euronav in the 1st quarter valued at $3,178,000. Goldman Sachs Group Inc. boosted its stake in shares of Euronav by 556.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 334,024 shares of the shipping company’s stock valued at $3,090,000 after purchasing an additional 283,161 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Euronav by 165.1% in the 1st quarter. Jane Street Group LLC now owns 314,352 shares of the shipping company’s stock valued at $2,578,000 after purchasing an additional 195,767 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Euronav in the 1st quarter valued at $1,115,000. 21.39% of the stock is currently owned by hedge funds and other institutional investors.
Euronav (NYSE:EURN) last announced its earnings results on Wednesday, April 25th. The shipping company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.04). Euronav had a negative return on equity of 5.18% and a negative net margin of 16.10%. The company had revenue of $78.33 million for the quarter, compared to the consensus estimate of $89.58 million. equities research analysts anticipate that Euronav will post -0.93 EPS for the current fiscal year.
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 August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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