Euronav (EURN) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Euronav in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EURN shares.
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6 brokers have issued 1-year price objectives for Euronav's stock. Their EURN share price forecasts range from $16.00 to $24.20. On average, they expect the company's share price to reach $21.53 in the next twelve months. This suggests a possible upside of 34.9% from the stock's current price.
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Euronav's stock was trading at $17.04 at the beginning of 2023. Since then, EURN shares have decreased by 6.3% and is now trading at $15.96.
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Euronav saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,090,000 shares, an increase of 10.1% from the April 30th total of 990,400 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.0% of the shares of the company are sold short.
View Euronav's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EURN earnings forecast.

Euronav NV (NYSE:EURN) issued its earnings results on Thursday, May, 11th. The shipping company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.03. The shipping company had revenue of $305.14 million for the quarter, compared to analyst estimates of $306.55 million. Euronav had a net margin of 39.00% and a trailing twelve-month return on equity of 19.29%.

Euronav declared a Variable dividend on Tuesday, May 30th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.49 per share on Tuesday, June 20th. The ex-dividend date is Thursday, June 8th.
Read our dividend analysis for EURN.

Euronav (NYSE:EURN) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 23.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EURN will have a dividend payout ratio of 18.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EURN.

3 employees have rated Euronav Chief Executive Officer Paddy Rodgers on Glassdoor.com. Paddy Rodgers has an approval rating of 100% among the company's employees. This puts Paddy Rodgers in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Euronav investors own include DHT (DHT), Golar LNG Partners (GMLP), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB), EnLink Midstream (ENLC), Organigram (OGI), Enerplus (ERF), Pennsylvania Real Estate Investment Trust (PEI), ADMA Biologics (ADMA) and New Residential Investment (NRZ).

(EURN) raised $176 million in an IPO on Friday, January 23rd 2015. The company issued 13,600,000 shares at a price of $12.94 per share. Deutsche Bank Securities, Citigroup, J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and DNB Markets, Evercore ISI, SEB, ABN AMRO, Clarkson Capital Markets, KBC Securities, Scotiabank and Howard Weil were co-managers.

Euronav trades on the New York Stock Exchange (NYSE) under the ticker symbol "EURN."

Euronav's stock is owned by a number of institutional and retail investors. Top institutional investors include M&G Investment Management Ltd. (1.99%), Schonfeld Strategic Advisors LLC (1.24%), Barclays PLC (0.83%), Renaissance Technologies LLC (0.60%), JPMorgan Chase & Co. (0.51%) and Bank of America Corp DE (0.43%).

Shares of EURN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EURN stock can currently be purchased for approximately $15.96.

Euronav (NYSE:EURN) has a market capitalization of $3.22 billion and generates $1.08 billion in revenue each year. The shipping company earns $203.25 million in net income (profit) each year or $2.09 on an earnings per share basis.

The company employs 2,946 workers across the globe.

Euronav's mailing address is DE GERLACHEKAAI 20, ANTWERP C9, 2000. The official website for the company is www.euronav.com. The shipping company can be reached via phone at (323) 247-4411, via email at ir@euronav.com, or via fax at 323-247-4409.