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.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report



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.