What Are The Chances Of Euronav NV (NYSE: EURN) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that Leading Tanker, LNG, LPG Companies Presenting at 15th Annual Capital Link/DNB New York Maritime Forum.

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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 $17.71 and fluctuated between $17.73 as its day high and $17.70 as its day low. The current market capitalization of Euronav NV is $3.58B. A total of 1.29 million shares were traded on the day, compared to an average of 1.52M 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 6 BUYs and 2 SELLs from insiders. Insiders purchased 88,127 shares during that period but sold 35,000.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Euronav NV pays an annual dividend of $1.35, resulting in a dividend yield of 7.60%, and it has a price to earnings (P/E) ratio of 5.21. 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.

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 $16.85 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 $EUR/NZD per share for the current quarter. EPS was calculated based on a consensus of EUR/NOK estimates, with a high estimate of $EUR/NIO per share and a lower estimate of $EUR/NGN.

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. 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 $10.73, 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 3.29.

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