TOday’s Movers: Euronav NV (NYSE:EURN) Stock Rating Reconfirmed at Stifel Nicolaus; $9.0 Target Price Indicates 3.45 % Potential

April 17, 2018 - By Adrian Mccoy

Euronav NV (NYSE:EURN) Rating Reaffirmed

Recently, In a research note sent to investors on Thursday morning, Euronav NV (NYSE:EURN) shares have had their “Hold” Rating reaffirmed by stock research analysts at Stifel Nicolaus, who currently has a $9.0 target price on firm. This target by Stifel Nicolaus indicates the possibile upside of 3.45 % from the last stock price.

Euronav NV (NYSE:EURN) Ratings Coverage

Among 5 analysts covering Euronav NV (NYSE:EURN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Euronav NV has $10.0 highest and $8.0 lowest target. $9.31’s average target is 7.01% above currents $8.7 stock price. Euronav NV had 7 analyst reports since October 27, 2017 according to SRatingsIntel. Morgan Stanley upgraded Euronav NV (NYSE:EURN) on Monday, February 12 to “Overweight” rating. The firm earned “Neutral” rating on Friday, March 23 by JP Morgan. The rating was maintained by UBS on Friday, January 26 with “Neutral”. The firm earned “Hold” rating on Tuesday, December 5 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $8.0 target in Friday, October 27 report. The firm has “Hold” rating given on Thursday, December 21 by Stifel Nicolaus.

The stock decreased 1.14% or $0.1 during the last trading session, reaching $8.7. About 109,503 shares traded. Euronav NV (NYSE:EURN) has risen 5.70% since April 17, 2017 and is uptrending. It has underperformed by 5.85% the S&P500.

Analysts await Euronav NV (NYSE:EURN) to report earnings on April, 25. They expect $-0.21 EPS, down 195.45 % or $0.43 from last year’s $0.22 per share. After $-0.11 actual EPS reported by Euronav NV for the previous quarter, Wall Street now forecasts 90.91 % negative EPS growth.

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company has market cap of $1.37 billion. The firm operates through two divisions, Tankers; and Floating Production, Storage, and Offloading Operations. It has a 966.67 P/E ratio. As of August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

Euronav NV (NYSE:EURN) Ratings Chart

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