Euronav - EURN Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Euronav in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EURN shares.
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6 equities research analysts have issued 1-year price targets for Euronav's shares. Their EURN share price forecasts range from $16.00 to $24.20. On average, they expect the company's stock price to reach $19.24 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
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Euronav's stock was trading at $17.04 on January 1st, 2023. Since then, EURN stock has decreased by 4.8% and is now trading at $16.23.
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Euronav saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 2,180,000 shares, a drop of 44.1% from the December 31st total of 3,900,000 shares. Based on an average trading volume of 2,380,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Euronav NV (NYSE:EURN) issued its earnings results on Thursday, November, 4th. The shipping company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $0.03. The shipping company earned $66.32 million during the quarter, compared to analyst estimates of $65.05 million. Euronav had a negative net margin of 17.12% and a negative trailing twelve-month return on equity of 6.16%. During the same period last year, the firm earned $0.22 earnings per share.

Euronav announced a dividend on Thursday, November 17th. Shareholders of record on Tuesday, November 22nd will be given a dividend of $0.03 per share on Tuesday, November 29th. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, November 21st.
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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EURN."

Euronav's stock is owned by many different institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (1.79%), Versor Investments LP (0.94%), FNY Investment Advisers LLC (0.05%), GAM Holding AG (0.04%), Epacria Capital Partners LLC (0.04%) and Envestnet Asset Management Inc. (0.03%).

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 $16.23.

Euronav (NYSE:EURN) has a market capitalization of $3.27 billion and generates $430.02 million in revenue each year. The shipping company earns $-338,780,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis.

The company employs 3,147 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.