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 brokers have issued twelve-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 stock price to reach $19.49 in the next twelve months. This suggests a possible upside of 8.6% 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 increased by 5.3% and is now trading at $17.95.
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Euronav saw a increase in short interest in the month of 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 daily trading volume, of 2,060,000 shares, the short-interest ratio is presently 1.8 days. Approximately 11.0% of the company's stock are short sold.
View Euronav's Short Interest.

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) announced its earnings results on Thursday, November, 2nd. The shipping company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.03. The shipping company had revenue of $246.25 million for 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 declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.56 per share on Tuesday, September 19th. This represents a $2.24 dividend on an annualized basis and a yield of 12.48%. The ex-dividend date is Wednesday, September 6th. This is an increase from the stock's previous quarterly dividend of $0.03.
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 12.35%. 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 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 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 a number of retail and institutional investors. Top institutional investors 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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