Is Euronav NV (NYSE: EURN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Leading Tanker, LNG, LPG Companies Presenting at 15th Annual Capital Link/DNB New York Maritime Forum.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. The current market capitalization of Euronav NV is $3.56B. A total of 0.83 million shares were traded on the day, compared to an average of 1.53M shares.

Insider trades can also provide insight into a 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 6 BUYs and 2 SELLs from insiders. Insiders purchased 88,127 shares during that period but sold 35,000.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Euronav NV pays an annual dividend of $2.06, resulting in a dividend yield of 11.65%, and it has a price to earnings (P/E) ratio of 5.19. EURN’s most recent ex-dividend date was 12/12/2023 when it declared a $0.3990 quarterly dividend that was paid in cash on 12/20/2023. Previously, the company paid the dividend on 9/19/2023 with an ex-dividend date of 9/6/2023. The EURN stock dividend was $0.56 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EURN in the last 3 months, the mean price target is $16.95 with high estimates of $20.09 and low estimates of $15.14. In terms of 52-week highs and lows, EURN has a high of $18.50 and a low of $14.07.

As of this writing, EURN has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.41. The company reported an EPS of $0.8 in the last quarter, which was -1.20% lower than expectations of $0.81.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EURN’s latest balance sheet shows that the firm has $152.53M in Cash & Short Term Investments as of fiscal 2021. There were $1.71B in debt and $321.03M in liabilities at the time. Its Book Value Per Share was $10.36, while its Total Shareholder’s Equity was $1.96B.

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, 0 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 Buy with a score of 3.57.

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