As of Thursday close, Euronav NV’s (NYSE:EURN) stock was up $0.63, moving up 3.80 percent to $17.20. The average number of shares traded per day over the past five days has been 1,534,000 shares. 5 times new highs have been achieved over the past 5 days, with a $1.71 gain in that time frame. In the last twenty days, the average volume was 1,174,795, while in the previous 50 days, it was 1,063,700.
Since last month, EURN stock retreated -5.29%. Shares of the company fell to $15.03 on 09/13/23, the lowest level in the past month. A 52-week high of $19.50 was reached on 03/03/23 after having rallying from a 52-week low of $12.02. Since the beginning of this year, EURN’s stock price has risen by 8.68% or $0.16, and marked a new high 8 times. However, the stock has declined by -11.81% since its 52-week high.
Valuation Metrics
The latest dividend of $0.56 per share was paid out, which is 14.29% more than last year’s $0.49. On Thursday August 3 2023, a $0.07 dividend increase was announced.
Financial Health
Based on annual data, EURN earned $568.92 million in gross profit and brought in $965.97 million in revenue.
EURN’s revenue rose 50.89% during the quarter, while net income inched up to $854.67 million. While analysts expected Euronav NV to report $0.81 quarterly earnings, the actual figure was $0.8 per share, beating the consensus estimate by -1.20%. The liabilities of Euronav NV were 1.94 billion at the end of its most recent quarter ended June 29, and its total debt was $1.78 billion.
Technical Picture
This quick technical analysis looks at Euronav NV’s (EURN) price momentum. With a historical volatility rate of 32.28%, the RSI 9-day stood at 64.82% on 21 September.
With respect to its five-day moving average, the current Euronav NV price is up by +11.04% percent or $1.71. At present, EURN shares trade -4.34% below its 20-day simple moving average. However, the stock is currently trading approximately +9.62% above its SMA50 and -15.56% below its SMA200.
Stochastic coefficient K was 64.46% and Stochastic coefficient D was 48.27%, while ATR was 0.60. Given the Stochastic reading of 95.18% for the 14-day period, the RSI (14) reading has been calculated as 58.53%. As of today, the MACD Oscillator reading stands at 0.73, while the 14-day reading stands at 0.71.
Analyst Ratings
JP Morgan launched its rating on Euronav NV (NYSE: EURN) to an Overweight in a note to investors on August 15, 2023. Euronav NV (EURN) has been rated Buy by analysts. According to 0 brokerage firms, EURN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Euronav NV stock as buy, with 14 recommending it as overweight.
With a median target price of $21.50, the current consensus forecast for the stock is $16.40 – $34.00. Based on these forecasts, analysts predict Euronav NV (EURN) will achieve an average price target of $21.68.
