The stock of Euronav NV (NYSE:EURN) increased by $0.39 on Wednesday to $17.94, up 2.25 percent. The last five days have seen an average of 898,938 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.91. The average number of shares traded over the last 20 days was 958,524, while the average volume over the last 50 days totaled 1,274,580.
EURN stock appreciated 19.32% since last month. On 07/21/23, the company’s shares reached a one-month low of $14.74. The stock touched a high of $19.50 on 03/03/23, after rallying from a low of $12.02 in 52 weeks. The price of EURN stock has risen by 13.39% or $0.91 this year, reaching a new high 8 times. Still, the stock price is down -7.99% from the 52-week high.
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Valuation Metrics
Company paid $0.56 per share in dividends, an increase of 14.29% from $0.49 last year. A $0.07 dividend increase was reported on Thursday August 3 2023.
Financial Health
Based on annual data, it had gross profit of $568.92 million and revenue of $965.97 million.
Earnings Surprise
Net income for the quarter came in at $854.67 million, while revenues rose by 50.89% to $0.0. EBITDA was $258.52 million for the quarter. At the end of Euronav NV’s most recent quarter, its liabilities totaled 1.74 billion, while its total debt was $1.63 billion.
Technical Picture
Here’s a quick look at Euronav NV’s (EURN) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 78.44%, suggesting the stock is Overbought, with a 15.85% historical volatility rate.
The stochastic %K and %D were 87.72% and 88.97% respectively, while the average true range (ATR) was 0.51. Based on the 14-day stochastic reading of 85.54%, the RSI (14) reading is 72.18%. On the 9-day MACD Oscillator, the stock is at 0.30, and the 14-day reading is at 0.68.
Analyst Ratings
In its analyst report released on August 15, 2023, JP Morgan began covering Euronav NV (NYSE: EURN). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Euronav NV (EURN) an Overweight rating. EURN is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 14 others recommend it as a buy.
What is EURN’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.40 and $34.00, with a median target price of $21.50. In analyzing these forecasts, the average price target given by analysts for Euronav NV (EURN) is $21.77.
