Euronav (NYSE:EURN) Hits New 1-Year High at $18.83

Shares of Euronav NV (NYSE:EURN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $18.83 and last traded at $18.77, with a volume of 45277 shares changing hands. The stock had previously closed at $18.60.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EURN shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $18.00 target price on shares of Euronav in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Euronav from $17.86 to $21.70 and gave the company a "neutral" rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Euronav from a "hold" rating to a "buy" rating in a report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a "buy" rating to a "hold" rating and set a $17.86 price objective for the company. in a research note on Tuesday, February 6th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.18.

Euronav Price Performance

The firm has a 50 day moving average price of $16.82 and a two-hundred day moving average price of $17.45. The company has a market cap of $3.89 billion, a P/E ratio of 4.52, a P/E/G ratio of 0.50 and a beta of 0.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.79 and a current ratio of 3.84.

Institutional Trading of Euronav

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new stake in Euronav in the fourth quarter valued at approximately $29,000. Huntington National Bank purchased a new stake in shares of Euronav during the third quarter valued at approximately $33,000. Headlands Technologies LLC boosted its holdings in shares of Euronav by 117.2% during the first quarter. Headlands Technologies LLC now owns 2,352 shares of the shipping company's stock worth $39,000 after purchasing an additional 1,269 shares during the period. Covestor Ltd lifted its holdings in Euronav by 177.1% in the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company's stock worth $41,000 after buying an additional 1,601 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in Euronav in the fourth quarter worth $79,000.

About Euronav

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.