Euronav (NYSE:EURN) was downgraded by equities research analysts at ING Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Briefing.com reports.
Several other research firms have also issued reports on EURN. TheStreet lowered Euronav from a “b-” rating to a “c+” rating in a research report on Monday, February 8th. BTIG Research raised shares of Euronav from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, January 8th. Oddo Bhf downgraded shares of Euronav from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 1st. HC Wainwright started coverage on shares of Euronav in a report on Monday, March 29th. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research cut Euronav from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Euronav has an average rating of “Hold” and a consensus price target of $12.10.
Shares of Euronav stock opened at $8.75 on Monday. Euronav has a 1 year low of $7.20 and a 1 year high of $12.47. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 2.71 and a beta of 0.47. The company has a 50-day moving average of $9.16 and a 200 day moving average of $8.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.96 and a quick ratio of 1.62.
Euronav (NYSE:EURN) last announced its earnings results on Thursday, February 4th. The shipping company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.05). Euronav had a net margin of 47.83% and a return on equity of 27.32%. The business had revenue of $111.50 million for the quarter, compared to the consensus estimate of $122.79 million. On average, equities analysts anticipate that Euronav will post 2.26 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. tru Independence LLC bought a new stake in Euronav in the 4th quarter worth approximately $28,008,000. Lazard Asset Management LLC purchased a new position in shares of Euronav in the 4th quarter worth $57,000. GFG Capital LLC bought a new stake in shares of Euronav in the fourth quarter worth $80,000. Syquant Capital Sas purchased a new stake in Euronav during the fourth quarter valued at $83,000. Finally, Virtu Financial LLC bought a new position in Euronav in the fourth quarter valued at about $88,000. Institutional investors own 26.33% of the company’s stock.
Euronav NV, together with its subsidiaries, engages in the shipping and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 15, 2020, it owned and operated a fleet of 2 V-Plus vessels, 42 VLCCs, 26 Suezmaxes, and 2 FSO vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.