Stocks of Euronav NV (NYSE:EURN) traded higher last session on Wall Street, down -5.71% to $17.49.
According to the data, Euronav NV (NYSE:EURN) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $14.15, we find $21.50. Given the previous closing price of $18.55, this indicates a potential upside of 15.9 percent. EURN stock price is now -2.42% away from the 50-day moving average and 22.51% away from the 200-day moving average. The market capitalization of the company currently stands at $3.53B.
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A total of 5 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $22.13 as their price target over the next twelve months.
On September 06, 2022, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $20, while the Jefferies previously rated the stock as ‘Hold’ on July 21, 2022.
Insiders disposed of 70,000 shares of company stock worth roughly $1.22 million over the past 1 year. A total of 54.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EURN stock. A new stake in Euronav NV shares was purchased by MAGNETAR FINANCIAL LLC during the first quarter worth $48,517,000. VERSOR INVESTMENTS LP invested $33,776,000 in shares of EURN during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Euronav NV valued at approximately $26,792,000. SYCOMORE ASSET MANAGEMENT acquired a new stake in EURN for approximately $12,193,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP purchased a new stake in EURN valued at around $12,189,000 in the second quarter. In total, there are 175 active investors with 31.45% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $18.43 for Euronav NV (NYSE: EURN). During the past 12 months, Euronav NV has had a low of $7.91 and a high of $21.00. The fifty day moving average price for EURN is $17.92 and a two-hundred day moving average price translates $14.28 for the stock.
The latest earnings results from Euronav NV (NYSE: EURN) was released for Jun, 2022. For the current quarter, analysts expect EURN to generate $92.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/30/2021. Investors who held shares on 11/23/2021 were paid a $0.03 dividend.
Euronav NV(EURN) Company Profile
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2022, it owned and operated a fleet of 72 vessels, including 6 chartered-in vessels with an aggregate carrying capacity of approximately 18.5 million deadweight tons consisting of 41 very large crude carriers, 2 V-plus, 27 Suezmax vessels, and 2 FSO vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
