In What Direction Will Euronav NV’s (NYSE:EURN) Stock Goes From Here?

Euronav NV (NYSE: EURN) closed the day trading at $16.38 down -1.92% from the previous closing price of $16.70. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 1484537 shares were traded. EURN stock price reached its highest trading level at $16.71 during the session, while it also had its lowest trading level at $16.10.

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For a better understanding of EURN, let’s look at its different ratios.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on March 06, 2023, Downgraded its rating to Hold and sets its target price to $20 from $19 previously.

Valuation Measures:

As of this moment, Euronav’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.28, and their Forward P/E ratio for the next fiscal year is 6.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87 while its Price-to-Book (P/B) ratio in mrq is 1.43.

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 $9.78. The 50-Day Moving Average of the stock is 16.52, while the 200-Day Moving Average is calculated to be 16.12.

Shares Statistics:

Over the past 3-months, EURN traded about 2.56M shares per day on average, while over the past 10 days, EURN traded about 1.45M shares per day. A total of 201.78M shares are outstanding, with a floating share count of 87.22M. Insiders hold about 63.06% of the company’s shares, while institutions hold 28.97% stake in the company. Shares short for EURN as of Jan 12, 2023 were 2.18M with a Short Ratio of 2.18M, compared to 3.62M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.08% and a Short% of Float of 1.23%.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 8.38%, it implies a Forward Annual Dividend Yield of 0.74%. The stock’s 5-year Average Dividend Yield is 4.87.

Earnings Estimates

Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.67 for the current quarter, with a high estimate of $0.81 and a low estimate of $0.58, while EPS last year was -$0.22. The consensus estimate for the next quarter is $0.41, with high estimates of $0.67 and low estimates of $0.08.

Analysts are recommending an EPS of between $3.1 and $1.38 for the fiscal current year, implying an average EPS of $2.24. EPS for the following year is $2.7, with 12 analysts recommending between $3.96 and $1.74.

Revenue Estimates

3 analysts predict $303.41M in revenue for the current quarter. It ranges from a high estimate of $319.1M to a low estimate of $279.43M. As of the current estimate, Euronav NV’s year-ago sales were $114.37M, an estimated increase of 165.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $267.6M, an increase of 80.00% less than the figure of $165.30% in the same quarter last year. There is a high estimate of $291.71M for the next quarter, whereas the lowest estimate is $234M.

A total of 11 analysts have provided revenue estimates for EURN’s current fiscal year. The highest revenue estimate was $1.49B, while the lowest revenue estimate was $917.31M, resulting in an average revenue estimate of $1.18B. In the same quarter a year ago, actual revenue was $854.67M, up 37.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.31B in the next fiscal year. The high estimate is $1.5B and the low estimate is $1.1B. The average revenue growth estimate for next year is up 11.40% from the average revenue estimate for this year.