Euronav NV (EURN) Given Average Recommendation of “Hold” by Analysts
Euronav NV (NASDAQ:EURN) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.00.
A number of equities research analysts have commented on the company. Stifel Nicolaus set a $8.00 target price on Euronav NV and gave the company a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research raised Euronav NV from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised Euronav NV from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. ValuEngine raised Euronav NV from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th.
Institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Euronav NV by 17.2% in the second quarter. FMR LLC now owns 3,613,846 shares of the shipping company’s stock worth $28,587,000 after purchasing an additional 530,831 shares in the last quarter. Morgan Stanley lifted its holdings in Euronav NV by 2.9% in the first quarter. Morgan Stanley now owns 524,025 shares of the shipping company’s stock worth $4,140,000 after acquiring an additional 14,688 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Euronav NV in the second quarter worth about $8,403,000. FNY Partners Fund LP lifted its holdings in Euronav NV by 8,108.1% in the second quarter. FNY Partners Fund LP now owns 146,350 shares of the shipping company’s stock worth $1,156,000 after acquiring an additional 144,567 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Euronav NV by 87.1% in the second quarter. Schroder Investment Management Group now owns 248,140 shares of the shipping company’s stock worth $1,692,000 after acquiring an additional 115,483 shares during the last quarter.
Shares of Euronav NV (NASDAQ EURN) traded down $0.25 during trading hours on Friday, reaching $8.20. The company’s stock had a trading volume of 451,153 shares.
The firm also recently announced a semiannual dividend, which was paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 25th. This represents a dividend yield of 1.61%.
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About Euronav NV
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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