Recent meaningful positive changes in fundamentals have benefitted Euronav (NYSE: EURN): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Euronav (NYSE: EURN) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EURN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Euronav has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Euronav has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 62, resulting in the Neutral Value Trend Rating.
Recent Price Action
Euronav (NYSE: EURN) stock enjoyed a large increase of 2.7% on 5/7/24. The stock closed at $17.36. However, trading volume in this advance was exceptionally low at 35% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.6% during the last week.
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