Euronav NV (NYSE:EURN) shares hit a new 52-week high on Wednesday . The company traded as high as $10.11 and last traded at $10.09, with a volume of 477130 shares traded. The stock had previously closed at $9.64.
A number of research analysts have recently weighed in on EURN shares. DNB Markets raised shares of Euronav from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. ValuEngine upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Morgan Stanley set a $11.00 target price on shares of Euronav and gave the stock a “buy” rating in a research report on Friday, February 15th. TheStreet upgraded shares of Euronav from a “d+” rating to a “c-” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Euronav from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Euronav has an average rating of “Buy” and a consensus price target of $10.61.
The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -15.51 and a beta of 0.86. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.
Euronav (NYSE:EURN) last announced its quarterly earnings results on Tuesday, April 30th. The shipping company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $206.08 million. Euronav had a negative net margin of 7.01% and a negative return on equity of 3.29%. On average, research analysts expect that Euronav NV will post -0.16 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 16th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, May 15th. This represents a dividend yield of 1.5%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bienville Capital Management LLC acquired a new position in shares of Euronav in the 1st quarter valued at $82,000. Trexquant Investment LP acquired a new position in shares of Euronav in the 1st quarter valued at $94,000. Ellington Management Group LLC acquired a new position in shares of Euronav in the 1st quarter valued at $101,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Euronav in the 1st quarter valued at $133,000. Finally, Mraz Amerine & Associates Inc. boosted its holdings in shares of Euronav by 5.3% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 39,899 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 34.81% of the company’s stock.
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About Euronav (NYSE:EURN)
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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