Euronav NV, together with its subsidiaries, engages in the ocean transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2021, it owned and operated a fleet of 77 vessels, including 10 chartered-in vessels with an aggregate carrying capacity of approximately 19.5 million deadweight tons consisting of 45 very large crude carriers, two V-plus, 28 Suezmax vessels, and two floating, storage, and offloading vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
IPO Year: 2015
Exchange: NYSE
Website: euronav.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2024 | Buy → Hold | Deutsche Bank | |
| 1/31/2024 | $21.00 → $18.00 | Buy → Hold | Jefferies |
| 10/31/2023 | $21.00 → $18.43 | Overweight → Neutral | JP Morgan |
| 10/24/2023 | $19.00 | Outperform → In-line | Evercore ISI |
| 8/15/2023 | $21.50 | Overweight | JP Morgan |
| 5/12/2023 | $20.00 | Hold → Buy | Deutsche Bank |
| 4/25/2023 | $17.00 → $22.00 | Hold → Buy | Stifel |
| 3/6/2023 | $19.00 → $20.00 | Buy → Hold | Deutsche Bank |
| 1/10/2023 | Buy → Hold | Stifel | |
| 10/27/2022 | Buy → Neutral | BTIG Research |
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we
Combination Highlights Transaction structured as a voluntary conditional registered exchange offer initiated by Frontline with an exchange ratio of 1.45 Frontline shares for 1 Euronav share, possibly followed by a squeeze out, with the aim to then propose a merger of Euronav into Frontline to Frontline's and Euronav's shareholders as soon as possible Combines the companies' extensive and complementary platforms and capabilities to shape the new era of sustainable shipping with best-in-class decarbonisation targetsCombined group to be named Frontline; operations to continue in Europe and Asia including Belgium, Norway, UK, Singapore and Greece, with headquarters in CyprusMr. Hugo D
FRO – Private acquisitions of Euronav shares in exchange for Frontline shares completed Frontline Ltd. ("Frontline" or the "Company") (NYSE:FRO) announces that it has agreed to acquire a total of 5,955,705 shares in Euronav N.V. (NYSE:EURN, Euronext: EURN))) ("Euronav") representing 2.95% of the outstanding shares in privately negotiated share exchange transactions with certain shareholders of Euronav N.V. where such shareholders of Euronav N.V. receive consideration shares in Frontline. Frontline will issue a total of 8,337,986 new shares as a result of these transactions, equivalent to an exchange ratio of 1.4. Frontline will be entitled to the declared USD 0,06 dividend to be paid by E
COMBINATION BETWEEN FRONTLINE LTD. AND EURONAV NV Creating a global leader in the oil tanker industry HAMILTON, Bermuda and ANTWERP, Belgium, April 7, 2022 –Frontline Ltd. ("FRO" or "Frontline") (NYSE:FRO) and Euronav NV ("EURN" or "Euronav") (NYSE:EURN, Euronext: EURN))) are pleased to announce that the companies have signed a term sheet that has been unanimously approved by their Board of Directors and Supervisory Board, respectively, on a potential stock-for-stock combination between the two companies, based on an exchange ratio of 1.45 FRO shares for every EURN share resulting in Euronav and Frontline shareholders owning approximately 59% and 41%, respectively, of the combined
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link's 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in partnership with Citi, and in cooperation with Nasdaq & NYSE, and is known for its large attendance by investors, shipowners and financiers. The Forum features a series of panel discussions as wel
Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed Dry Bulk & Containers shipping companies will participate on panels at Capital Link's 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in partnership with Citi, and in cooperation with Nasdaq & NYSE, and is known for its large attendance by investors, shipowners and financiers. The Forum features a series of panel discussions as well as 1x1 meetings b
NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Senior executives from leading tanker and LNG/LPG shipping and energy transportation companies will participate on panels and presentations at Capital Link's 15th Annual International Shipping Forum on Tuesday, October 10, 2023, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with NASDAQ & NYSE. FORUM OVERVIEW AND STRUCTURE The Forum provides an interactive platform for maritime industry leaders to share their insight on critical industry topics with a broader audience. This event assembles a diverse mix of professionals including senior executives of publicly listed and privately
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we
LIMASSOL, Cyprus, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Famatown Finance Limited1 ("Famatown" or "the company") announces that, with respect to the EGM of Euronav NV (NYSE:EURN, Euronext: EURN))) planned for 23 March 2023, it intends to exercise its shareholder rights and propose as candidates for the Euronav supervisory board Mr. John Fredriksen and Mr. Cato H. Stonex. The bios of Mr. Fredriksen and Mr. Stonex are included below. The company will take the necessary steps in view of the EGM to formalize this proposal. Famatown further fully reserves its rights as shareholder, including its rights to make further proposals for amendment of the EGM and to exercise its voting rights in its full
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (market abuse regulation). This notice relates to an earlier notice in accordance with article 8§1 of the Royal Decree of 27 April 2007 on Public Takeover Bids. Frontline Ltd. ("Frontline") (NYSE:FRO) refers to the notice dated 11 July 2022 in accordance with article 8§1 of the Belgian Royal Decree of 27 April 2007 on Public Takeover Bids regarding its intention to make a voluntary conditional exchange offer on all outstanding shares of Euronav NV ("Euronav") within the context of an agreed co
NEW YORK, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The 14th Annual Capital Link Shipping & Marine Services Forum will take place on Tuesday, October 18, 2022 at 116 Pall Mall in London from 8:20am – 5:20pm. The event is held in partnership with Fearnley Securities and in cooperation with the London Stock Exchange. This event aims to provide investors with a comprehensive review and current outlook of the various shipping markets and in addition, cover topics of critical interest to industry participants, financiers and investors. 1x1 MEETINGS FOR INSTITUTIONAL INVESTORS1x1 meetings are between shipping companies and institutional investors only. Please send all requests to meetings@capitallink.
NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Senior executives from 30 shipping companies will participate on panels and presentations at Capital Link's 14th Annual New York Maritime Forum on Wednesday, September 21, 2022 at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq, NYSE, and The Port Authority of NY & NJ. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The Capital Link New York Maritime Forum (NYMF) is both an investment and an industry conference with a double objective: To provide an interactive platform for investors, financiers, cargo owners
NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude Oil and Product Tanker, shipping companies will discuss the trends, developments and outlook of the global energy and shipping markets. The panels will take place at Capital Link's 14th Annual New York Maritime Forum on Wednesday, September 21, 2022 at the Metropolitan Club in New York City. Featuring senior executives from 31 shipping and maritime companies, the Forum is organized in partnership with DNB and in cooperation with the New York Stock Exchange, NASDAQ, and The Port Authority of NY & NJ. The event is known for its large attendance by investors, shipowners and capital pro
NEW YORK, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude Oil and Product Tanker, shipping companies will discuss the trends, developments and outlook of the global energy and shipping markets. The panels will take place at Capital Link's 14th Annual New York Maritime Forum on Wednesday, September 21, 2022 at the Metropolitan Club in New York City. Featuring senior executives from 32 shipping and maritime companies, the Forum is organized in partnership with DNB and in cooperation with the New York Stock Exchange, NASDAQ, and The Port Authority of NY & NJ. The event is known for its large attendance by investors, shipowners and capital pro
Deutsche Bank downgraded Euronav from Buy to Hold
Jefferies downgraded Euronav from Buy to Hold and set a new price target of $18.00 from $21.00 previously
JP Morgan downgraded Euronav from Overweight to Neutral and set a new price target of $18.43 from $21.00 previously
Evercore ISI downgraded Euronav from Outperform to In-line and set a new price target of $19.00
JP Morgan initiated coverage of Euronav with a rating of Overweight and set a new price target of $21.50
Deutsche Bank upgraded Euronav from Hold to Buy and set a new price target of $20.00
Stifel upgraded Euronav from Hold to Buy and set a new price target of $22.00 from $17.00 previously
Deutsche Bank downgraded Euronav from Buy to Hold and set a new price target of $20.00 from $19.00 previously
Stifel downgraded Euronav from Buy to Hold
BTIG Research downgraded Euronav from Buy to Neutral
Jefferies analyst Omar Nokta maintains Euronav (NYSE:EURN) with a Hold and maintains $18 price target.
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the energy sector: Peabody Energy (NYSE:BTU) - P/E: 5.23 SilverBow Resources (NYSE:SBOW) - P/E: 2.43 Marathon Oil (NYSE:MRO) - P/E: 9.58 Euronav (NYSE:EURN) - P/E: 4.17 Black Stone Minerals (NYSE:BSM) - P/E: 8.21 This quarter, Peabody Energy experienced an increase in earnings per share, which was $0.82 in Q3 and is now $1.33. Its most
Michael Burry, the visionary investor behind a legendary bet on the 2008 subprime mortgage crisis, made significant adjustments to his investment portfolio in the last quarter of 2023, according to the latest 13F filings. Burry’s Scion Asset Management, known for its contrarian and value-oriented investment approach, has notably increased its stakes in Chinese retailers while also entering the AI-driven rally of two U.S. tech giants. Burry’s Latest Moves New Entries Burry’s portfolio welcomed 18 new stocks in the fourth quarter of 2023. Among the notable new entries are: HCA Healthcare Inc (NYSE:HCA): Bought 20,000 shares valued at $5.41 million, representing 5.72% of the po
Deutsche Bank analyst Amit Mehrotra downgrades Euronav (NYSE:EURN) from Buy to Hold and announces $17.86 price target.
Jefferies downgraded its rating of Euronav (NYSE:EURN) to Hold with a price target of $18.00, changing its price target from $21.00 to $18.00. Shares of Euronav are trading down 0.17% over the last 24 hours, at $17.66 per share. A move to $18.00 would account for a 1.93% increase from the current share price. About Euronav Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment
Jefferies analyst Omar Nokta downgrades Euronav (NYSE:EURN) from Buy to Hold and lowers the price target from $21 to $18.
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