Evercore ISI reaffirmed their buy rating on shares of Euronav (NYSE:EURN) in a report released on Monday, AnalystRatings.com reports. Evercore ISI currently has a $16.00 price target on the shipping company’s stock.
Several other brokerages also recently issued reports on EURN. TheStreet raised shares of Euronav from a d+ rating to a c- rating in a research report on Monday, April 15th. ValuEngine downgraded shares of Euronav from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Euronav from a buy rating to a hold rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Euronav presently has an average rating of Buy and an average price target of $11.83.
Shares of Euronav stock opened at $7.25 on Monday. Euronav has a 1 year low of $6.77 and a 1 year high of $10.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.29. The company has a market capitalization of $1.67 billion, a P/E ratio of -11.15 and a beta of 0.96. The company’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.63.
Several large investors have recently modified their holdings of EURN. Norges Bank purchased a new stake in shares of Euronav in the fourth quarter valued at about $30,706,000. Renaissance Technologies LLC boosted its holdings in shares of Euronav by 249.5% in the second quarter. Renaissance Technologies LLC now owns 1,615,704 shares of the shipping company’s stock valued at $15,202,000 after acquiring an additional 1,153,365 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Euronav by 332.7% in the second quarter. Marshall Wace LLP now owns 692,522 shares of the shipping company’s stock valued at $6,513,000 after acquiring an additional 532,473 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Euronav by 3,965.8% in the fourth quarter. Bank of America Corp DE now owns 475,576 shares of the shipping company’s stock valued at $3,296,000 after acquiring an additional 463,879 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Euronav by 29.8% in the fourth quarter. Deutsche Bank AG now owns 1,987,696 shares of the shipping company’s stock valued at $13,773,000 after acquiring an additional 456,406 shares in the last quarter. 29.93% of the stock is currently owned by institutional investors and hedge funds.
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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