Considering Euronav NV (EURN) as a potential investment: What Should You Do?

The price of Euronav NV (NYSE: EURN) closed at $15.96 in the last session, up 0.82% from day before closing price of $15.83. In other words, the price has increased by $+0.13 from its previous closing price. On the day, 3234524 shares were traded. EURN stock price reached its highest trading level at $15.98 during the session, while it also had its lowest trading level at $15.72.

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

Upgrades & Downgrades

Jefferies Upgraded its Hold to Buy on September 06, 2022, whereas the target price for the stock was revised from $14 to $20.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 5.33 while its Price-to-Book (P/B) ratio in mrq is 1.66.

Stock Price History:

Over the past 52 weeks, EURN has reached a high of $21.00, while it has fallen to a 52-week low of $7.91. The 50-Day Moving Average of the stock is 17.79, while the 200-Day Moving Average is calculated to be 15.15.

Shares Statistics:

According to the various share statistics, EURN traded on average about 2.39M shares per day over the past 3-months and 5.92M shares per day over the past 10 days. A total of 201.78M shares are outstanding, with a floating share count of 110.32M. Insiders hold about 58.76% of the company’s shares, while institutions hold 29.58% stake in the company. Shares short for EURN as of Oct 13, 2022 were 2.67M with a Short Ratio of 3.90M, 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 8.84%, 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.