Positive Press Coverage Somewhat Unlikely to Impact Euronav NV (EURN) Stock Price
News articles about Euronav NV (NASDAQ:EURN) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Euronav NV earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 45.5863745159916 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Euronav NV (NASDAQ:EURN) traded down 1.24% during trading on Friday, hitting $7.95. 484,542 shares of the company’s stock were exchanged. Euronav NV has a 12-month low of $6.65 and a 12-month high of $8.55. The company has a market cap of $1.26 billion and a P/E ratio of 20.98. The company has a 50-day moving average of $7.97 and a 200-day moving average of $7.97.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th will be given a $0.06 dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Monday, September 25th.
EURN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Monday, June 26th. BidaskClub upgraded shares of Euronav NV from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. ValuEngine downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.50.
About Euronav NV
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.
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