Shares of Euronav NV (NYSE:EURN) hit a new 52-week high on Wednesday . The stock traded as high as $9.15 and last traded at $8.80, with a volume of 279300 shares. The stock had previously closed at $8.80.

Several analysts have recently weighed in on EURN shares. Stifel Nicolaus set a $8.00 price objective on shares of Euronav and gave the stock a “hold” rating in a research report on Sunday, October 29th. ValuEngine upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet downgraded shares of Euronav from a “c-” rating to a “d+” rating in a research report on Tuesday, November 14th. Finally, BidaskClub downgraded shares of Euronav from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Euronav presently has a consensus rating of “Hold” and a consensus price target of $9.17.

The company has a market capitalization of $1,400.00 and a price-to-earnings ratio of 7.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.64 and a current ratio of 1.29.

Several institutional investors have recently made changes to their positions in EURN. Dimensional Fund Advisors LP increased its holdings in shares of Euronav by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock valued at $773,000 after acquiring an additional 16,120 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Euronav by 5.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock valued at $1,649,000 after acquiring an additional 10,072 shares during the period. Finally, Lasry Marc acquired a new position in shares of Euronav in the 3rd quarter valued at $14,203,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.

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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.

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