The stock of Euronav NV Ordinary Shares (NYSE:EURN) is a huge mover today! About 144,375 shares traded hands. Euronav NV Ordinary Shares (NYSE:EURN) has declined 33.42% since April 22, 2016 and is downtrending. It has underperformed by 38.83% the S&P500.
The move comes after 7 months positive chart setup for the $1.19B company. It was reported on Nov, 25 by Barchart.com. We have $7.90 PT which if reached, will make NYSE:EURN worth $47.60 million more.
Analysts await Euronav NV Ordinary Shares (NYSE:EURN) to report earnings on March, 16. They expect $0.06 EPS, down 90.91% or $0.60 from last year’s $0.66 per share. EURN’s profit will be $9.39 million for 31.67 P/E if the $0.06 EPS becomes a reality.
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 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Tuesday, September 29, the company rating was initiated by Euro Pacific Capital. Citigroup maintained the shares of EURN in a report on Thursday, October 6 with “Buy” rating. The stock has “Hold” rating given by Deutsche Bank on Friday, February 26. As per Friday, August 21, the company rating was initiated by UBS. Vetr downgraded the stock to “Buy” rating in Friday, September 4 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 25 report. JP Morgan downgraded the shares of EURN in a report on Tuesday, January 12 to “Neutral” rating. As per Tuesday, August 25, the company rating was initiated by Wells Fargo. The firm earned “Neutral” rating on Thursday, April 7 by JP Morgan. Vetr downgraded Euronav NV Ordinary Shares (NYSE:EURN) on Monday, September 21 to “Hold” rating.
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.”
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