The stock of Euronav NV Ordinary Shares (NYSE:EURN) is a huge mover today! About 249,432 shares traded hands. Euronav NV Ordinary Shares (NYSE:EURN) has declined 27.76% since March 1, 2016 and is downtrending. It has underperformed by 37.00% the S&P500.
The move comes after 5 months positive chart setup for the $1.19B company. It was reported on Oct, 4 by Barchart.com. We have $12.46 PT which if reached, will make NYSE:EURN worth $761.60 million more.
Analysts await Euronav NV Ordinary Shares (NYSE:EURN) to report earnings on October, 31. They expect $0.08 earnings per share, down 82.61% or $0.38 from last year’s $0.46 per share. EURN’s profit will be $12.53 million for 23.75 P/E if the $0.08 EPS becomes a reality. After $0.35 actual earnings per share reported by Euronav NV Ordinary Shares for the previous quarter, Wall Street now forecasts -77.14% negative EPS growth.
Euronav NV Ordinary Shares (NYSE:EURN) Ratings Coverage
Out of 9 analysts covering Euronav NV (NYSE:EURN), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Euronav NV has been the topic of 12 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Neutral” on Thursday, April 7. On Tuesday, August 25 the stock rating was initiated by Wells Fargo with “Outperform”. The stock of Euronav NV Ordinary Shares (NYSE:EURN) earned “Buy” rating by UBS on Friday, August 21. As per Friday, September 4, the company rating was downgraded by Vetr. The firm has “Buy” rating given on Tuesday, September 29 by Euro Pacific Capital. As per Tuesday, January 12, the company rating was downgraded by JP Morgan. The firm has “Buy” rating given on Wednesday, May 4 by Seaport Global. Deutsche Bank downgraded Euronav NV Ordinary Shares (NYSE:EURN) on Friday, February 26 to “Hold” rating. Vetr downgraded Euronav NV Ordinary Shares (NYSE:EURN) rating on Monday, September 21. Vetr has “Hold” rating and $15.19 price target. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, August 25.
According to Zacks Investment Research, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium.”
More news for Euronav NV Ordinary Shares (NYSE:EURN) were recently published by: Benzinga.com, which released: “Euronav Remains Citi’s Top Pick Among Tankers” on July 12, 2016. Benzinga.com‘s article titled: “Is Iran’s Oil Output Surge A Bullish Sign For Oil Tankers?” and published on June 06, 2016 is yet another important article.
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