ValuEngine cut shares of Euronav (NYSE:EURN) from a buy rating to a hold rating in a research report report published on Thursday, ValuEngine reports.
A number of other research firms also recently commented on EURN. Zacks Investment Research downgraded Euronav from a buy rating to a hold rating in a report on Tuesday, July 23rd. TheStreet raised Euronav from a d+ rating to a c- rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $10.93.
Shares of EURN stock traded down $0.11 during trading hours on Thursday, reaching $8.19. 320,644 shares of the company’s stock were exchanged, compared to its average volume of 253,147. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.29. Euronav has a 1 year low of $6.77 and a 1 year high of $10.22. The stock has a market cap of $1.88 billion, a PE ratio of -12.60 and a beta of 0.97. The firm has a fifty day moving average price of $8.91.
Euronav (NYSE:EURN) last released its earnings results on Tuesday, April 30th. The shipping company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Euronav had a negative return on equity of 3.29% and a negative net margin of 7.01%. The firm had revenue of $197.00 million for the quarter, compared to analyst estimates of $206.08 million. On average, equities analysts expect that Euronav will post -0.11 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new position in Euronav in the first quarter valued at approximately $133,000. Bank of America Corp DE increased its position 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 buying an additional 463,879 shares in the last quarter. Deutsche Bank AG increased its position 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 buying an additional 456,406 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Euronav by 25.7% in the first quarter. Deprince Race & Zollo Inc. now owns 2,141,638 shares of the shipping company’s stock valued at $17,454,000 after buying an additional 438,133 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Euronav in the fourth quarter valued at approximately $30,706,000. 30.17% of the stock is owned by institutional investors.
Euronav Company Profile
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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