Euronav downgraded by Evercore ISI with a new price target
$EURN
Marine Transportation
Consumer Discretionary
Evercore ISI downgraded Euronav from Outperform to In-line and set a new price target of $19.00
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| 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 |
SC 13D/A - Euronav NV (0001604481) (Subject)
SC 13D/A - Euronav NV (0001604481) (Subject)
SC 13D/A - Euronav NV (0001604481) (Subject)
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
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
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
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
6-K - Euronav NV (0001604481) (Filer)
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