Alert: Positive Investment/Fundamental Signals (4/1/24)-Euronav (NYSE: EURN)


Euronav (NYSE: EURN) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Euronav (NYSE: EURN) has recently enjoyed meaningful positive changes in investment behavior: its longer term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, EURN is expected to continue to be a major Value Builder.

Euronav has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Euronav has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 66, with the Positive Value Trend Rating the result.

Recent Price Action

Euronav (NYSE: EURN) stock declined slightly by -0.1% on 4/1/24. The stock closed at $16.61. However, this decline was accompanied by exceptionally low trading volume at 23% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.6% during the last week.

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