
Euronav (EURN) Stock Forecast & Price Target
Euronav (EURN) Analyst Ratings
Bulls say
Euronav is exhibiting strong performance with its Suezmaxes recording a significant daily income and the company's net revenues coming in above projected figures. The company also stands strong in its strategic diversification away from being just a spot-focused tanker company and is now a versatile platform with a substantial new building delivery schedule and low public float. Euronav's strong management team, known for generating significant free cash flow, maintaining a conservative balance sheet, and opportune asset acquisitions, coupled with CMB's increased ownership stake, further enhances the outlook for the company.
Bears say
Euronav is facing financial difficulties indicated by the reduced EBITDA of $143 million, falling between the forecasted $139.2 million and the $146.5 million consensus. The company projects an increased debt load and relatively lower free cash flow due to its reliance on oil volumes that could potentially sway charter rates either upwards or downwards significantly. In addition, fluctuations in interest rates could impact the company's ship values—escalating interest rates tend to decrease ship values while reducing them may drive up the values.
This aggregate rating is based on analysts' research of Euronav and is not a guaranteed prediction by Public.com or investment advice.
Euronav (EURN) Analyst Forecast & Price Prediction
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