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Top 2 Crude Tanker Stocks: Analysts’ Recommendations

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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.

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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