Cleaves Securities analyst Peter Christensen downgraded Euronav (EURN – Research Report) to a Hold on October 26 and set a price target of $19.00. The company’s shares closed last Friday at $17.87.
Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker. According to TipRanks, Christensen has an average return of 30.7% and a 67.54% success rate on recommended stocks.
Euronav has an analyst consensus of Moderate Buy, with a price target consensus of $20.13, representing a 12.65% upside. In a report released on October 24, Evercore ISI also downgraded the stock to a Hold with a $19.00 price target.
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EURN market cap is currently $3.58B and has a P/E ratio of 6.13.
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Euronav (EURN) Company Description:
Euronav NV engages in the transportation and storage of crude oil. It operates through the Tankers and FpSO (Floating Production, Storage, and Offloading Operation) segments. The Tankers segment provides shipping services for crude oil seaborne transportation. The FpSO segment receives hydrocarbon fluids pumped by nearby offshore platforms and provides field storage. Its activities include crew, ship, and fleet management services. The company was founded in 1989 and is headquartered in Antwerp, Belgium.
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