The closing price of Euronav NV (NYSE: EURN) was $16.04 for the day, down -2.85% from the previous closing price of $16.51. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 906378 shares were traded. EURN stock price reached its highest trading level at $16.43 during the session, while it also had its lowest trading level at $16.01.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Our analysis of EURN’s different ratios will help us gain a deeper understanding of the company.
Upgrades & Downgrades
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EURN now has a Market Capitalization of 3.35B and an Enterprise Value of 4.86B. As of this moment, Euronav’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.64, and their Forward P/E ratio for the next fiscal year is 5.09. Its current Enterprise Value per Revenue stands at 4.50 whereas that against EBITDA is 6.64.
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 $10.51. The 50-Day Moving Average of the stock is 16.78, while the 200-Day Moving Average is calculated to be 17.10.
EURN traded an average of 1.33M shares per day over the past three months and 1.19M shares per day over the past ten days. Insiders hold about 64.42% of the company’s shares, while institutions hold 30.73% stake in the company. Shares short for EURN as of Apr 27, 2023 were 990.4k with a Short Ratio of 0.99M, compared to 1.16M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.49% and a Short% of Float of 0.89%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.73%, it implies a Forward Annual Dividend Yield of 4.97%. The stock’s 5-year Average Dividend Yield is 4.72.
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.8 for the current quarter, with a high estimate of $0.97 and a low estimate of $0.64, while EPS last year was -$0.02. The consensus estimate for the next quarter is $0.39, with high estimates of $0.83 and low estimates of $0.1.
Analysts are recommending an EPS of between $3.55 and $2.03 for the fiscal current year, implying an average EPS of $2.82. EPS for the following year is $3.15, with 8 analysts recommending between $5.24 and $2.15.
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $383.9M to a low estimate of $286.15M. As of the current estimate, Euronav NV’s year-ago sales were $148.69M, an estimated increase of 116.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $226.58M, an increase of 28.00% less than the figure of $116.20% in the same quarter last year. There is a high estimate of $340.3M for the next quarter, whereas the lowest estimate is $180M.
A total of 8 analysts have provided revenue estimates for EURN’s current fiscal year. The highest revenue estimate was $1.44B, while the lowest revenue estimate was $1.05B, resulting in an average revenue estimate of $1.24B. In the same quarter a year ago, actual revenue was $854.67M, up 44.90% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.32B in the next fiscal year. The high estimate is $1.67B and the low estimate is $1.11B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.