Cleaves Securities Maintains Their Buy Rating on Euronav (EURN)
Cleaves Securities analyst Peter Christensen maintained a Buy rating on Euronav (EURN – Research Report) on June 26 and set a price target of $14.00. The company's shares closed last Tuesday at $12.65.
According to TipRanks.com, Christensen is a 5-star analyst with an average return of 25.7% and a 86.4% success rate. Christensen covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euronav with a $12.75 average price target, which is a -0.5% downside from current levels. In a report issued on June 17, BTIG also maintained a Buy rating on the stock with a $12.00 price target.
See Insiders’ Hot Stocks on TipRanks >> Based on Euronav's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $114 million and GAAP net loss of $43.37 million. In comparison, last year the company earned revenue of $109 million and had a GAAP net loss of $71.01 million. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. 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. Read More on EURN:- Teekay Tankers (TNK) Receives a Buy from Cleaves Securities
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