EURN - Shares of Euronav NV (EURN) Have Risen Above Previous 52-Week High
Shares of Euronav NV (NYSE:EURN) traded today at $11.37, eclipsing its 52-week high. Approximately 651,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
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.
Euronav NV (NYSE:EURN) is currently priced 3.1% above its average consensus analyst price target of $10.92.
Over the past year, Euronav NV has traded in a range of $7.55 to $11.37 and is now at $11.27, 49% above that low.
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