Euronav NV (NYSE:EURN) gapped up before the market opened on Monday . The stock had previously closed at $11.32, but opened at $11.33. Euronav shares last traded at $11.42, with a volume of 58,801 shares traded.
A number of equities research analysts have recently commented on EURN shares. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Evercore ISI reaffirmed a “buy” rating and set a $16.00 price target on shares of Euronav in a research report on Monday, August 12th. Finally, ValuEngine downgraded Euronav from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Euronav has a consensus rating of “Buy” and an average target price of $12.00.
The company has a quick ratio of 1.17, a current ratio of 1.53 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $2.33 billion, a P/E ratio of -17.42 and a beta of 0.99. The stock has a fifty day moving average of $8.80 and a 200-day moving average of $8.83.
Euronav (NYSE:EURN) last posted its quarterly earnings data on Thursday, August 8th. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $132.47 million during the quarter, compared to the consensus estimate of $124.00 million. Euronav had a negative return on equity of 2.89% and a negative net margin of 9.69%. Sell-side analysts predict that Euronav NV will post -0.14 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 27th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 1.4%.
Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Euronav during the second quarter worth about $25,000. Aperio Group LLC bought a new position in shares of Euronav during the second quarter worth about $68,000. Albert D Mason Inc. bought a new position in Euronav in the second quarter valued at approximately $99,000. Quantitative Systematic Strategies LLC bought a new position in Euronav in the second quarter valued at approximately $104,000. Finally, Ellington Management Group LLC grew its stake in Euronav by 16.9% in the second quarter. Ellington Management Group LLC now owns 14,500 shares of the shipping company’s stock valued at $137,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.
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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