In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on Euronav (EURN – Research Report), with a price target of $12.00. The company’s shares closed last Wednesday at $8.60.
According to TipRanks.com, Lewis is ranked 0 out of 5 stars with an average return of -10.7% and a 35.5% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as International Seaways, New Fortress Energy, and Eagle Bulk Shipping.
Currently, the analyst consensus on Euronav is a Strong Buy with an average price target of $13.15.
Euronav’s market cap is currently $1.69B and has a P/E ratio of -5.27.
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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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