Shares of Euronav NV (NYSE:EURN) traded today at $15.65, eclipsing its 52-week high. This new high was reached on below average trading volume as 883,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
Potential upside of 57.9% exists for Euronav NV, based on a current level of $15.43 and analysts’ average consensus price target of $24.36.
In the past 52 weeks, shares of Euronav NV have traded between a low of $7.55 and a high of $15.65 and is now at $15.43, which is 104% above that low price.
Euronav 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 conducts floating production, floating storage, and offloading operations for crude oil and petroleum products. The company is domiciled in Belgium, but generates revenue globally.
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