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Euronav: Analysts’ Target Price and Estimates

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Consensus rating

According to Reuters, the consensus rating for Euronav (EURN) is 2.17, which means a “buy.”

Out of the 12 analysts that gave recommendations on Euronav, 67% are bullish on the stock. Two analysts gave Euronav a “strong buy,” six analysts gave a “buy,” and four analysts gave a “hold” rating. None of the analysts recommended a “strong sell” or “sell” for Euronav.

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Target price

The consensus 12-month target price for Euronav is $9.86, which implies a potential upside of 7.8% from the market price of $9.15 on December 27, 2017.

Revenue and earnings estimates

Euronav’s 4Q17 results are expected to be released around January 25, 2017. According to Reuters’ consensus estimate, Euronav’s revenue will be $117 million in the fourth quarter—compared to $104 million in 3Q17 and $146 million in 4Q16. For fiscal 2017, analysts expect Euronav’s revenue to be $485 million, which is 29% lower than its 2016 revenue of $684.0 million.

Below are the 2017 revenue estimates for Euronav’s peers:

  • Frontline (FRO) – $481 million, 36% lower YoY (year-over-year)
  • DHT Holdings (DHT) – $251 million, 13.4% lower YoY
  • Nordic American Tankers (NAT) – $164 million, 30% lower YoY
  • Navios Maritime Midstream Partners (NAP) – $81 million, 12% lower YoY

The EBITDA (earnings before interest, tax, depreciation, and amortization) is also expected to be higher quarter-over-quarter. Analysts expect the 4Q17 EBITDA to be $47.9 million—compared to $40.8 million in 3Q17 and $124.7 million in 4Q16. The 2017 EBITDA estimate stands at $223 million, which is lower than the 2016 EBITDA of $476.0 million.

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