Euronav (EURN) Stock Forecast, Price & News

6 Wall Street equities 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 equities research analysts is that investors should "buy" EURN shares.
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6 Wall Street analysts have issued 1 year price targets for Euronav's stock. Their EURN share price forecasts range from $16.00 to $24.20. On average, they anticipate the company's share price to reach $21.53 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price.
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Euronav's stock was trading at $17.04 at the start of the year. Since then, EURN shares have decreased by 7.0% and is now trading at $15.85.
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Euronav saw a increase in short interest during 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 trading volume, of 1,320,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the company's stock 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) posted its quarterly earnings data 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 earned $305.14 million during the quarter, compared to analyst estimates of $306.55 million. Euronav had a trailing twelve-month return on equity of 19.29% and a net margin of 39.00%.

Euronav declared an annual dividend on Thursday, May 25th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.036 per share on Tuesday, June 13th. This represents a yield of 0.23%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for EURN.

Euronav (NYSE:EURN) pays an annual dividend of $2.80 per share and currently has a dividend yield of 17.67%. EURN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.97%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EURN will have a dividend payout ratio of 108.53% 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 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 retail and institutional 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 $15.85.

Euronav (NYSE:EURN) has a market capitalization of $3.20 billion and generates $854.67 million 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.