Euronav NV (NYSE:EURN) Receives Average Rating of “Hold” from Analysts

Euronav NV (NYSE:EURN) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.01.

EURN has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price objective on shares of Euronav in a research note on Wednesday, May 8th. StockNews.com lowered Euronav from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

Euronav Stock Performance

Euronav stock opened at $16.31 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.46 and a quick ratio of 1.41. The business’s fifty day moving average is $16.91 and its two-hundred day moving average is $17.13. Euronav has a 52 week low of $14.10 and a 52 week high of $21.26.

Euronav Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 8.34%. The ex-dividend date was Tuesday, July 9th. This is a positive change from Euronav’s previous quarterly dividend of $0.22. Euronav’s dividend payout ratio is 12.97%.

Hedge Funds Weigh In On Euronav

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Euronav by 75.9% in the fourth quarter. BNP Paribas Financial Markets now owns 286,741 shares of the shipping company’s stock valued at $5,044,000 after purchasing an additional 123,724 shares during the last quarter. Black Maple Capital Management LP bought a new stake in Euronav in the fourth quarter valued at about $8,721,000. Segantii Capital Management Ltd bought a new stake in Euronav in the fourth quarter valued at about $4,376,000. Goldman Sachs Group Inc. increased its holdings in Euronav by 26.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,274,351 shares of the shipping company’s stock valued at $40,006,000 after purchasing an additional 472,916 shares during the last quarter. Finally, Beryl Capital Management LLC bought a new stake in Euronav in the fourth quarter valued at about $17,953,000.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.