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 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.
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
In EURN 76 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
FMR LLC | 9.66M |
BANK OF AMERICA CORP /DE/ | 5.45M |
BARCLAYS PLC | 4.94M |
Vanguard Group, Inc | 4.41M |
M&G INVESTMENT MANAGEMENT LTD | 3.99M |
JPMORGAN CHASE & CO | 2.87M |
GOLDMAN SACHS GROUP INC | 1.22M |
MORGAN STANLEY | 1.15M |
UBS Group AG | 0.96M |
CARLSON CAPITAL L P | 0.68M |
Allianz Asset Management AG | 0.46M |
Swiss National Bank | 0.42M |
TWO SIGMA INVESTMENTS LLC | 0.36M |
Oceanic Investment Management LTD | 0.30M |
CITADEL ADVISORS LLC | 0.27M |