I recommend waiting for a better discount before investing in Euronav NV (EURN).

The price of Euronav NV (NYSE: EURN) closed at $20.32 in the last session, up 0.69% from day before closing price of $20.18. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 1350911 shares were traded. EURN stock price reached its highest trading level at $20.75 during the session, while it also had its lowest trading level at $19.78.

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Ratios:

We take a closer look at EURN’s different ratios to gain a better understanding of the stock.

Upgrades & Downgrades

On September 06, 2022, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $14 to $20.

On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $14.Jefferies initiated its Hold rating on July 21, 2022, with a $14 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 6.79 while its Price-to-Book (P/B) ratio in mrq is 2.11.

Stock Price History:

Over the past 52 weeks, EURN has reached a high of $20.55, while it has fallen to a 52-week low of $7.91. The 50-Day Moving Average of the stock is 17.58, while the 200-Day Moving Average is calculated to be 13.76.

Shares Statistics:

According to the various share statistics, EURN traded on average about 1.18M shares per day over the past 3-months and 943.18k shares per day over the past 10 days. A total of 201.78M shares are outstanding, with a floating share count of 120.13M. Insiders hold about 54.32% of the company’s shares, while institutions hold 31.58% stake in the company. Shares short for EURN as of Oct 13, 2022 were 2.67M with a Short Ratio of 1.81M, compared to 2.64M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.32% and a Short% of Float of 1.50%.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 6.95%, it implies a Forward Annual Dividend Yield of 0.66%. The stock’s 5-year Average Dividend Yield is 5.04.

Earnings Estimates

The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.42 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.58, while EPS last year was $0.22. The consensus estimate for the next quarter is -$0.1, with high estimates of $0.05 and low estimates of -$0.31.

Analysts are recommending an EPS of between -$0.86 and -$1.72 for the fiscal current year, implying an average EPS of -$1.37. EPS for the following year is $0.1, with 11 analysts recommending between $0.92 and -$0.85.

Revenue Estimates

According to 9 analysts, the current quarter’s revenue is expected to be $92.73M. It ranges from a high estimate of $152M to a low estimate of $61M. As of the current estimate, Euronav NV’s year-ago sales were $225.12M, an estimated decrease of -58.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $184.66M, an increase of 33.40% over than the figure of -$58.80% in the same quarter last year. There is a high estimate of $312.82M for the next quarter, whereas the lowest estimate is $112M.

A total of 10 analysts have provided revenue estimates for EURN’s current fiscal year. The highest revenue estimate was $647M, while the lowest revenue estimate was $347M, resulting in an average revenue estimate of $512.29M. In the same quarter a year ago, actual revenue was $1.23B, down -58.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $858.75M in the next fiscal year. The high estimate is $1.28B and the low estimate is $531.97M. The average revenue growth estimate for next year is up 67.60% from the average revenue estimate for this year.