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Top 2 Crude Tanker Stocks: Analysts’ Recommendations

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Dec. 25 2017, Updated 10:31 a.m. ET

Analysts’ recommendations

In this part, we’ll discuss Wall Street analysts’ target prices for the top two crude tanker stocks with the best returns YTD (year-to-date). Analysts expect both of these companies to have positive returns in the next 12 months.

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Euronav

Euronav was the best performing stock in 2017 among its peers. Analysts’ consensus rating for Euronav (EURN) is 2.17, which means a “buy.” About 67% of the analysts have recommended a “buy” or some equivalent as of December 19, 2017. Approximately 33% have recommended a “hold,” while none of the analysts recommended a “sell” or some equivalent. Analysts’ consensus target price for Euronav was $9.95 as of December 19. Currently, Euronav is trading at $8.12, which implies a return of 22.5% in the next 12 months at the current price.

Gener8 Maritime Partners

Gener8 Maritime Partners was the second-best performing stock in 2017 among its peers. Analysts’ consensus rating for Gener8 Maritime Partners (GNRT) is 2, which means a “buy.” About 71% of the analysts tracking Gener8 Maritime Partners have recommended a “buy” or some equivalent as of December 19, 2017. Approximately 29% have recommended a “hold,” while none of the analysts recommended a “sell” or some equivalent. Analysts’ consensus target price for Gener8 Maritime Partners was $6.08 as of December 19. Currently, it’s trading at $4.36, which implies a 39.8% return in the next 12 months at the current price.

In the next part, we’ll discuss Wall Street analysts’ recommendations for the other best-performing crude tanker stocks in 2017—Navios Maritime Midstream Partners (NAP), DHT Holdings (DHT), and Tsakos Energy Navigation (TNP).

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