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EURN $16.45

EURN target price
16.45
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0
Euronav NV
Type
Public
Traded as Euronext: EURN
NYSE: EURN
Industry Transport, Marine, Oil and Gas
Founded 2004
Headquarters Antwerp, Belgium
Key people
Paddy Rodgers (CEO)
Alex Staring (COO)
Hugo De Stoop (CFO)
Products Shipping
Oil
Number of employees
1,700 (2013)
Website www.euronav.com

Euronav is an international shipping enterprise which focuses on oil transport by sea.

Euronav provides complete shipping services in addition to its fleet of large tankers. The company is the successor to tanker-owner European Navigation Company Ltd, an Isle of Man company incorporated by Compagnie Nationale de Navigation (CNN), at that time a subsidiary of the Worms Group. In 1995 European Navigation Company Ltd sold vessels, subsidiary, crewing and technical, management companies and goodwill to Euronav Luxembourg NV to form a joint venture between CNN and Compagnie Maritime Belge (CMB). In 1997 CMB acquired CNN and transferred Euronav Luxembourg NV into the full ownership of CMB. Euronav had thus become the wholly owned tanker division of CMB.

At the time CMB was and continues to be controlled by the Belgian family Saverys.

The fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SA and Euronav SAS, both French companies with headquarters in Nantes, France and with a major branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Piraeus, Greece. Euronav vessels fly Belgian, Greek and French flag. Most of Euronav's VLCCs and two or three V-Plus are operated in the Tankers International pool.

On 5 January 2014 Euronav announced that it has entered into a contract to acquire 15 VLCC tankers from Maersk subsidiary Maersk Tankers Singapore in a deal worth 980 million dollar. This deal will bring the number of ships from Euronav from thirtyfive to fifty.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-05-04 Initiated Coverage Seaport Global Securities Buy $17.00
2016-04-13 Reiterated Rating Deutsche Bank Hold to Neutral
2016-04-13 Reiterated Rating Deutsche Bank AG Hold to Neutral
2016-04-07 Reiterated Rating JPMorgan Chase & Co. Hold $16.00 to $13.00
2016-02-26 Downgrade Deutsche Bank Buy to Hold $18.00 to $8.50
2016-01-31 Reiterated Rating Citigroup Inc. Buy $16.00 to $14.00
2016-01-29 Lower Price Target Citigroup Inc. Buy $16.00 to $14.00
2016-01-12 Downgrade JPMorgan Chase & Co. Overweight to Neutral $18.00 to $16.00
2015-09-30 Reiterated Rating Eurobank EFG Buy $17.50
2015-09-29 Initiated Coverage Eurobank EFG Buy $17.50
2015-08-25 Initiated Coverage Wells Fargo & Co. Outperform $15.00 to $17.00
2015-08-25 Initiated Coverage Wells Fargo Outperform $15.00 to $17.00
2015-07-20 Boost Price Target JPMorgan Chase & Co. Overweight $17.00 to $18.00
2015-07-15 Initiated Coverage Stifel Nicolaus Hold
2015-06-25 Reiterated Rating Credit Suisse Buy
2015-06-25 Reiterated Rating Credit Suisse Group AG Buy
2015-05-18 Initiated Coverage JPMorgan Chase & Co. Overweight $17.00
2015-05-14 Initiated Coverage Credit Suisse Outperform $20.00
2015-05-12 Reiterated Rating Deutsche Bank Buy $18.00 to $15.00
2015-04-02 Reiterated Rating Citigroup Inc. Buy $13.50 to $19.00
2015-03-02 Initiated Coverage JPMorgan Chase & Co. Overweight $15.00
2015-02-20 Initiated Coverage Global Hunter Securities Buy
2015-02-20 Initiated Coverage Seaport Global Securities Buy
2015-02-17 Initiated Coverage Credit Suisse Top Pick $15.50
2015-02-17 Initiated Coverage Evercore ISI Buy $19.00
2015-02-17 Initiated Coverage Morgan Stanley Overweight $15.50
2015-02-17 Initiated Coverage Deutsche Bank Buy to Buy $18.00
2015-02-17 Initiated Coverage Citigroup Inc. Buy to Buy $13.50
2016-05-04 Initiated Coverage Seaport Global Securities Buy $17.00
2016-04-13 Reiterated Rating Deutsche Bank Hold to Neutral
2016-04-13 Reiterated Rating Deutsche Bank AG Hold to Neutral
2016-04-07 Reiterated Rating JPMorgan Chase & Co. Hold $16.00 to $13.00
2016-02-26 Downgrade Deutsche Bank Buy to Hold $18.00 to $8.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks