Analysts Issue Research Notes On Euronav NV (EURN)

RTX Stock
RTX Stock

Euronav NV (NYSE:EURN) finished Thursday with a subtraction of -$1.3 to close at $16.64, a downside of -7.25 percent. An average of 1,337,929 shares of common stock have been traded in the last five days. There was a fall of -$1.17 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 1,227,137 shares traded, while the 50-day average volume stands at 1,264,757.

EURN stock has increased by 10.20% in the last month. The company shares reached their 1-month lowest point of $15.75 on 08/31/22. With the stock rallying to its 52-week high on 09/19/22, shares of the company touched a low of $7.91 and a high of $19.16 in 52 weeks. It has reached a new high 36 times so far this year and achieved 101.80% or $7.77 in price. In spite of this, the price is down -13.15% from the 52-week high.

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The company’s most recent quarterly dividend payment was $0.03 a share, representing a down of -50.0% from $0.06 last year. Its latest decrease dividend $0.03 reported on Tuesday August 9 2022.

Financial Health

Its gross profit as reported stood at $95.83 million compared to revenue of $445.09 million.

Earnings Surprise

For the three-month period that ended June 29, Euronav NV had $100000.0 in cash. The company posted a net income of -$338.78 million in the quarter, while revenues were grew 239.69%. The analyst consensus anticipated Euronav NV’s latest quarter earnings to come in at -$0.44 per share, but it turned out to be -$0.44, a 0.00% surprise.

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 22 September was 40.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.53%.

As of today, EURN’s price is $18.08 -6.56% or -$1.17 from its 5-day moving average. EURN is currently trading +2.71% higher than its 20-day SMA and +47.43% higher than its 100-day SMA. However, the stock’s current price level is +38.83% above the SMA50 and +80.69% above the SMA200.

The stochastic %K and %D were 47.61% and 67.27%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 11.97% and the average true range at 0.85, the RSI (14) stands at 47.41%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.

Analyst Ratings

Jefferies upgraded Euronav NV (NYSE: EURN) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

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

Analysts predict a range of price targets between $12.00 and $33.00, with a median target of $17.39. Taking a look at these predictions, the average price target given by analysts for Euronav NV (EURN) stock is $18.16.


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