Euronav NV (NYSE:EURN) was up 7.7% during trading on Monday . The company traded as high as $8.40 and last traded at $8.35. Approximately 572,668 shares were traded during trading, a decline of 31% from the average daily volume of 832,640 shares. The stock had previously closed at $7.75.

A number of equities research analysts recently commented on EURN shares. Stifel Nicolaus set a $8.00 price target on shares of Euronav and gave the company a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Euronav from a “c-” rating to a “d+” rating in a research note on Tuesday, November 14th. Deutsche Bank set a $10.00 price target on shares of Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, UBS Group upped their price target on shares of Euronav from $8.75 to $9.25 and gave the company a “neutral” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Euronav has a consensus rating of “Hold” and an average price target of $9.35.

The stock has a market capitalization of $1,233.87, a P/E ratio of 39.76 and a beta of 0.56.

Institutional investors have recently modified their holdings of the business. Lasry Marc acquired a new position in Euronav during the 3rd quarter valued at approximately $14,203,000. FNY Partners Fund LP increased its stake in shares of Euronav by 6.3% in the fourth quarter. FNY Partners Fund LP now owns 251,894 shares of the shipping company’s stock worth $2,330,000 after acquiring an additional 15,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Euronav by 20.3% in the third quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after acquiring an additional 16,120 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Euronav by 5.3% in the third quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after acquiring an additional 10,072 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Euronav by 4.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,361,788 shares of the shipping company’s stock worth $12,565,000 after acquiring an additional 62,744 shares during the period. Institutional investors and hedge funds own 21.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Euronav (EURN) Trading Up 7.7%” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://theolympiareport.com/2018/02/12/euronav-eurn-trading-up-7-7.html.

Euronav Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

Receive News & Ratings for Euronav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav and related companies with MarketBeat.com's FREE daily email newsletter.