Euronav (NYSE:EURN) Hits New 52-Week High at $18.83

Euronav NV (NYSE:EURN)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $18.83 and last traded at $18.77, with a volume of 45277 shares traded. The stock had previously closed at $18.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EURN. Jefferies Financial Group restated a “hold” rating and issued a $18.00 price objective on shares of Euronav in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a report on Friday, February 23rd. StockNews.com upgraded Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft downgraded Euronav from a “buy” rating to a “hold” rating and set a $17.86 target price on the stock. in a report on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.18.

Euronav Trading Up 1.6 %

The company has a market cap of $3.81 billion, a price-to-earnings ratio of 4.36, a price-to-earnings-growth ratio of 0.50 and a beta of 0.04. The firm has a 50-day moving average price of $16.79 and a 200 day moving average price of $17.44. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Highland Capital Management LLC grew its position in shares of Euronav by 2.4% in the 4th quarter. Highland Capital Management LLC now owns 52,200 shares of the shipping company’s stock worth $918,000 after acquiring an additional 1,200 shares in the last quarter. Headlands Technologies LLC boosted its position in Euronav by 117.2% during the 1st quarter. Headlands Technologies LLC now owns 2,352 shares of the shipping company’s stock valued at $39,000 after purchasing an additional 1,269 shares during the period. Covestor Ltd boosted its position in Euronav by 177.1% during the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 1,601 shares during the period. Blue Trust Inc. acquired a new position in Euronav during the 4th quarter valued at approximately $29,000. Finally, Huntington National Bank acquired a new position in Euronav during the 3rd quarter valued at approximately $33,000.

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.