With Euronav shares losing roughly a quarter of their value since the start of the year, Jefferies' Randy Giveans wants investors to "buy the dip".

Friday morning, shares of the Belgian tanker owner were trading at $9.50, down 1.86%, or $0.18.

The drop — Euronav shares were trading at $12.74 on 2 January — presents a "very attractive entry point," Giveans said.