Euronav NV (NYSE:EURN) Receives $19.18 Average PT from Analysts

Euronav NV (NYSE:EURN) has earned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.18.

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective for the company. in a research note on Tuesday, February 6th. Jefferies Financial Group restated a “hold” rating and set a $18.00 price target (down from $21.00) on shares of Euronav in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a research report on Friday, February 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EURN. Norges Bank purchased a new position in Euronav in the fourth quarter worth $91,459,000. PSquared Asset Management AG purchased a new position in Euronav in the fourth quarter worth $43,207,000. Alpine Associates Management Inc. purchased a new position in Euronav in the fourth quarter worth $34,391,000. Water Island Capital LLC purchased a new position in Euronav in the fourth quarter worth $27,123,000. Finally, Beryl Capital Management LLC purchased a new position in Euronav in the fourth quarter worth $17,953,000.

Euronav Stock Up 0.3 %

Euronav stock opened at $17.00 on Monday. Euronav has a 1-year low of $14.10 and a 1-year high of $18.50. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $16.79 and a 200 day simple moving average of $17.44.

Euronav (NYSE:EURN) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.24. Euronav had a net margin of 69.69% and a return on equity of 25.45%. The business had revenue of $233.62 million during the quarter, compared to analyst estimates of $266.87 million. On average, sell-side analysts expect that Euronav will post 1.91 EPS for the current fiscal year.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.