News articles about Euronav (NYSE:EURN) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Euronav earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.2314124591143 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
Shares of EURN traded down $0.15 during trading hours on Friday, hitting $8.25. The stock had a trading volume of 484,430 shares, compared to its average volume of 290,261. The company has a market cap of $1,337.36, a PE ratio of -91.67 and a beta of 0.54. Euronav has a 1-year low of $6.90 and a 1-year high of $9.65.
Euronav (NYSE:EURN) last issued its earnings results on Thursday, January 25th. The shipping company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $119.00 million during the quarter, compared to the consensus estimate of $121.46 million. Euronav had a negative return on equity of 1.16% and a net margin of 0.24%. equities research analysts predict that Euronav will post -0.64 earnings per share for the current fiscal year.
EURN has been the subject of a number of recent analyst reports. DNB Markets upgraded Euronav from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Deutsche Bank set a $10.00 price target on Euronav and gave the stock a “buy” rating in a report on Thursday, December 21st. TheStreet upgraded Euronav from a “d+” rating to a “c” rating in a report on Thursday, January 25th. Stifel Nicolaus set a $9.00 price target on Euronav and gave the stock a “hold” rating in a report on Friday, December 22nd. Finally, JPMorgan Chase increased their price target on Euronav from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Euronav has an average rating of “Hold” and an average target price of $9.29.
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Euronav Company Profile
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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