Euronav NV (NYSE:EURN) finished Friday with a subtraction of -$1.05 to close at $16.43, a downside of -6.01 percent. An average of 2,168,640 shares of common stock have been traded in the last five days. There was a fall of -$0.78 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,519,070 shares traded, while the 50-day average volume stands at 1,246,926.
EURN stock has decreased by -8.01% in the last month. The company shares reached their 1-month lowest point of $15.03 on 09/13/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $12.02 and a high of $19.50 in 52 weeks. It has reached a new high 8 times so far this year and achieved 3.82% or -$0.61 in price. In spite of this, the price is down -15.76% from the 52-week high.
Valuation Metrics
Euronav NV (EURN) has a trailing price-to-earnings (P/E) ratio of 5.64. The stock’s beta is 0.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.59, the price-to-book (PB) ratio at 1.55, and the price-to-cash flow ratio at 10.41.
The company has a payout ratio of 112.74%. The company’s most recent quarterly dividend payment was $0.56 a share, representing a up of 14.29% from $0.49 last year. Its latest increase dividend $0.07 reported on Thursday August 3 2023.
Financial Health
The quick ratio of Euronav NV for the three months ended June 29 was 1.48, and the current ratio was 1.59, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.83 for the quarter ending June 29. Its gross profit as reported stood at $568.92 million compared to revenue of $965.97 million.
Earnings Surprise
The company posted a net income of $203.25 million in the quarter, while revenues were grew 266.68%. The analyst consensus anticipated Euronav NV’s latest quarter earnings to come in at $0.81 per share, but it turned out to be $0.8, a -1.20% 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 29 September was 42.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.54%.
As of today, EURN’s price is $17.22 -4.53% or -$0.78 from its 5-day moving average. EURN is currently trading -4.59% lower than its 20-day SMA and +5.46% higher than its 100-day SMA. However, the stock’s current price level is +9.46% above the SMA50 and -17.48% below the SMA200.
The stochastic %K and %D were 73.19% and 80.23%, respectively, and the average true range (ATR) was 0.71. With the 14-day stochastic at 48.95% and the average true range at 0.65, the RSI (14) stands at 46.04%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.60.
Analyst Ratings
JP Morgan launched coverage on Euronav NV (NYSE: EURN) in its analyst report released on August 15, 2023. The firm assigned the stock an Overweight rating. 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 14 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 $16.40 and $34.00, with a median target of $21.50. Taking a look at these predictions, the average price target given by analysts for Euronav NV (EURN) stock is $21.67.
