Euronav NV (NYSE:EURN) saw a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 1,460,000 shares, a decrease of 10.4% from the November 14th total of 1,630,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are short sold.
EURN has been the subject of several research analyst reports. ValuEngine lowered shares of Euronav from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised shares of Euronav from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday, October 21st. Finally, Stifel Nicolaus upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Euronav currently has an average rating of “Buy” and a consensus price target of $12.50.
EURN stock traded up $0.20 during mid-day trading on Friday, hitting $11.45. 1,203,305 shares of the stock were exchanged, compared to its average volume of 688,146. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 1.24. The business has a fifty day moving average price of $11.02 and a 200 day moving average price of $9.39. Euronav has a 12 month low of $6.77 and a 12 month high of $11.79. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -17.62 and a beta of 1.00.
Euronav (NYSE:EURN) last announced its quarterly earnings data on Tuesday, October 29th. The shipping company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $90.44 million for the quarter, compared to analyst estimates of $134.83 million. Euronav had a negative return on equity of 1.31% and a negative net margin of 5.12%. As a group, equities analysts forecast that Euronav will post 0.57 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in EURN. Steward Partners Investment Advisory LLC bought a new stake in shares of Euronav in the 2nd quarter worth approximately $25,000. Aperio Group LLC bought a new position in shares of Euronav during the second quarter valued at about $68,000. Swiss National Bank grew its stake in shares of Euronav by 16.7% during the second quarter. Swiss National Bank now owns 327,517 shares of the shipping company’s stock valued at $3,067,000 after buying an additional 46,826 shares during the last quarter. SCP Investment LP purchased a new position in shares of Euronav in the second quarter worth about $378,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Euronav by 104.6% in the second quarter. JPMorgan Chase & Co. now owns 433,186 shares of the shipping company’s stock worth $4,007,000 after buying an additional 221,416 shares during the period. Institutional investors own 28.51% of the company’s stock.
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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