Euronav NV (EURN) concluded trading on Wednesday at a closing price of $17.73, with 3.66 million shares of worth about $64.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.01% during that period and on on Wednesday the price saw a gain of about 0.17%. Currently the company’s common shares owned by public are about 220.02M shares, out of which, 86.24M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 88,127 shares in 6 of the transactions. In 2 selling transactions, insiders dumped 35,000 shares.
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However, the stock later moved at a day high price of 17.74, or with a gain of 0.17%. Stock saw a price change of -0.17% in past 5 days and over the past one month there was a price change of 0.34%. Year-to-date (YTD), EURN shares are showing a performance of 0.80% which increased to 3.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.07 but also hit the highest price of $18.50 during that period. The average intraday trading volume for Euronav NV shares is 1.50 million. The stock is currently trading -0.12% below its 20-day simple moving average (SMA20), while that difference is up 0.35% for SMA50 and it goes to 4.76% higher than SMA200.
Euronav NV (NYSE: EURN) currently have 220.02M outstanding shares and institutions hold larger chunk of about 26.52% of that.
The stock has a current market capitalization of $3.59B and its 3Y-monthly beta is at 0.06. PE ratio of stock for trailing 12 months is 5.22, while it has posted earnings per share of $3.40 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EURN, volatility over the week remained 0.23% while standing at 0.32% over the month.
Analysts are in expectations that Euronav NV (EURN) stock would likely to be making an EPS of $0.52 in the current quarter, while forecast for next quarter EPS is $0.42 and it is $1.8 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.66 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.87 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -38.44% while it is estimated to decrease by -24.97% in next year.
Coverage by Jefferies stated Euronav NV (EURN) stock as a Hold in their note to investors on January 31, 2024, suggesting a price target of $18 for the stock. On October 31, 2023, JP Morgan Downgrade their recommendations, while on October 24, 2023, Evercore ISI Downgrade their ratings for the stock with a price target of $19. Stock get an Overweight rating from JP Morgan on August 15, 2023.
