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Wednesday, February 1, 2023

Analysts Point To Euronav NV (NYSE: EURN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Euronav NV (EURN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.23, or 1.51%, to $15.50. The Euronav NV has recorded 205,064 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Senior Executives of LNG, LPG, Dry Bulk, Containers, Crude & Product Tanker Shipping Companies Presenting at Capital Link’s 14th Annual Shipping & Marine Services Forum On Tuesday, October 18, 2022 at 116 Pall Mall, London, UK.

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Stocks Info

As a NYSE listed company, EURN falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $15.27 and fluctuated between $15.57 as its day high and $15.22 as its day low. The current market capitalization of Euronav NV is $3.08B. A total of 3.0 million shares were traded on the day, compared to an average of 2.24M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EURN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 2 SELLs from insiders. Insiders purchased 32,039 shares during that period but sold 70,000.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. EURN’s most recent ex-dividend date was 11/21/2022 when it declared a $0.03 quarterly dividend that was paid in cash on 11/29/2022. Previously, the company paid the dividend on 9/9/2022 with an ex-dividend date of 8/30/2022. The EURN stock dividend was $0.03 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EURN in the last 3 months, the mean price target is $19.57 with high estimates of $33.00 and low estimates of $15.00. In terms of 52-week highs and lows, EURN has a high of $21.00 and a low of $7.91.

As of this writing, EURN has an earnings estimate of -$0.42 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.58. The company reported an EPS of -$0.35 in the last quarter, which was -16.70% lower than expectations of -$0.3.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EURN is Underweight with a score of 4.00. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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