Euronav Stock Price, News & Analysis (NYSE:EURN)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Euronav in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EURN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EURN, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 12-month price targets for Euronav's shares. Their EURN share price targets range from $16.00 to $23.00. On average, they anticipate the company's share price to reach $19.49 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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Euronav's stock was trading at $17.04 at the beginning of the year. Since then, EURN stock has increased by 5.5% and is now trading at $17.97.
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Euronav saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,680,000 shares, an increase of 19.5% from the October 31st total of 3,080,000 shares. Based on an average trading volume of 2,060,000 shares, the short-interest ratio is currently 1.8 days. Approximately 11.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our EURN earnings forecast.

Euronav NV (NYSE:EURN) released its quarterly earnings results on Thursday, November, 2nd. The shipping company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. The shipping company earned $246.25 million during the quarter, compared to analysts' expectations of $251.44 million. Euronav had a trailing twelve-month return on equity of 29.62% and a net margin of 51.42%.

Euronav announced a quarterly dividend on Wednesday, November 29th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.399 per share on Wednesday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend is Tuesday, December 12th.
Read our dividend analysis for EURN.

Euronav (NYSE:EURN) pays an annual dividend of $2.24 per share and currently has a dividend yield of 12.44%. EURN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 65.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, EURN will have a dividend payout ratio of 93.33% in the coming year. This indicates that the company may not be able to sustain their current 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 initial public offering 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 served 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.00%), Schonfeld Strategic Advisors LLC (0.00%), Barclays PLC (0.00%), JPMorgan Chase & Co. (0.00%), Forest Avenue Capital Management LP (0.00%) and Qube Research & Technologies Ltd (0.00%).

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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