Euronav NV (NYSE:EURN) has been given a consensus rating of “Hold” by the ten research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.45.
Several research analysts have recently weighed in on EURN shares. Zacks Investment Research raised shares of Euronav from a “strong sell” rating to a “hold” rating in a research report on Monday, April 16th. ValuEngine raised shares of Euronav from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th.
Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Euronav by 556.7% during the fourth 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. Two Sigma Investments LP purchased a new position in Euronav during the fourth quarter valued at approximately $894,000. Macquarie Group Ltd. purchased a new position in Euronav during the fourth quarter valued at approximately $190,000. Dimensional Fund Advisors LP grew its position in Euronav by 45.2% during the first quarter. Dimensional Fund Advisors LP now owns 144,659 shares of the shipping company’s stock valued at $1,186,000 after purchasing an additional 45,027 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Euronav during the first quarter valued at approximately $3,178,000. 21.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Euronav stock traded down $0.10 during trading on Tuesday, hitting $8.40. The stock had a trading volume of 765,466 shares, compared to its average volume of 990,046. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.49 and a quick ratio of 1.49. Euronav has a 1 year low of $6.90 and a 1 year high of $10.10.
Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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