Euronav NV (EURN) Shares: Are They Risky Or Cheap?

Euronav NV (NYSE:EURN) traded on Tuesday with an addition of $0.21 to $10.08, an upside of 2.13 percent. An average of 1,863,289 shares of common stock have been traded in the last five days. There was a gain of $0.67 in the past week. The last 20 days have seen an average of 1,986,992 shares traded, while the 50-day average volume stands at 1,516,957.

EURN stock has increased by 15.30% in the last month. The company shares reached their 1-month lowest point of $8.16 on 09/20/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $7.20 and a high of $9.98 in 52 weeks. In spite of this, the price is up 1.05% from the 52-week high.

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Valuation Metrics

Euronav NV (EURN) has a trailing price-to-earnings (P/E) ratio of 11.57, which compares with the 14.70 for the broader industry and 19.20 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Euronav NV’s PE ratio has ranged between 955.00 and 2.293. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.15, the price-to-book (PB) ratio at 0.89.

Euronav NV will next go ex-dividend on 3-Dec. The next dividend payment Euronav NV will make is expected to be $0.0.

On the profitability front, the trailing 12-month gross margin 5-year average of 21.3%. Euronav NV’s EBITDA margin for the year ending June 29 is 66.73%. Its gross profit as reported stood at $919.57 million compared to revenue of $1.26 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Euronav NV’s return on assets was 3.7% over the last five years. For the broader industry, ROE averaged 1.16 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Euronav NV (EURN) price momentum. RSI 9-day as of the close on 04 October was 83.82%, suggesting the stock is Overbought, with historical volatility in this time frame at 23.34%.

As of today, EURN’s price is $9.75 +7.20% or $0.67 from its 5-day moving average. EURN is currently trading +16.32% higher than its 20-day SMA and +6.28% higher than its 100-day SMA. However, the stock’s current price level is +15.64% above the SMA50 and +21.12% above the SMA200.

The stochastic %K and %D were 98.07% and 95.71%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 99.45% and the average true range at 0.25, the RSI (14) stands at 77.88%. The stock has reached 0.35 on the 9-day MACD Oscillator while the 14-day reading was at 0.68.

Analyst Ratings

ING Group downgraded Euronav NV (NYSE: EURN) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Euronav NV (EURN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EURN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 13 others rate it as a “buy”.

What is EURN’s price target for the next 12 months?

Analysts predict a range of price targets between $8.40 and $14.00, with a median target of $12.06. Taking a look at these predictions, the average price target given by analysts for Euronav NV (EURN) stock is $12.03.


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