Euronav NV (EURN): Analysis on latest insider activities

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Euronav NV (NYSE:EURN) changes shares on Tuesday trading session, with a change of 0.62% or $0.06 shares. The trading starts at $9.75 and closed at $9.75 throughout the day. The trading session low price was $9.695 and day high was $9.915 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.83 million while its average volume is 2.52M. In other hand, the EURN market cap reached to $2.05B. While, its current target price is $14.76.

On May 7, 2020, Euronav’s prospects lifted by floating storage demand. According to the news reported on Reuters, Leading tanker operator Euronav posted record high first-quarter results on Thursday and expects strong demand for oil storage at sea to continue in 2020, driving its shares up 8.5%.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.93% and up 14.07% for month. Its quarterly performance was -2.19% below, while its half year performance is down -2.49%. EURN yearly performance stood at positive 25.61% and fall -21.77% for year-to-date. Current recommendation for Euronav NV is 1.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EURN EPS (TTM) for 12-month is 1.48. EPS for this year is 407.30%, while for the next year its value is 0.93. Its EPS Q/Q reached 1055.40%. It has an EPS of next five years will be down -13.00%.

Let’s take a look on the analyst recommendations on EURN for the current month and previous month. For the current month, 13 of 14 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $7.90 – $18.00. Average target price for EURN was reached at $12.87.

M&G Investment Management Ltd, Marshall Wace Asia Ltd and Vanguard Group, Inc. (The) are the top three holders in Euronav NV (EURN) stock. On Jun 29, 2020, M&G Investment Management Ltd has 10.86 million shares which valued 88.51 million. On Mar 30, 2020, Marshall Wace Asia Ltd owned 5.18 million shares which valued at 58.47 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 4.89 million shares which valued at 55.15 million. In the end, Vanguard Group, Inc. (The) have 2.22% shares outstanding of Euronav NV (EURN) on Mar 30, 2020. The insider ownership moved to 9.69% and institutional holding shifted to 49.90%.

The company posted an EPS (TTM) of 1.48. According to the most recent quarter report on (Jun 2020), 8 analysts estimated an average EPS of 1.16, while -0.18 EPS posted a year ago period. Analyst Estimated EPS for EURN published in the report was $1.07 – $1.33 during the same period. Comparing with last year, the average estimated EPS was -0.18 which is lower than 1.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EURN fall -4.76% for period of 200 days. SMA for 50 days was 6.04% which is showing green signal, while SMA-20 was 5.81%. The moving average value for Euronav NV (EURN) is 9.76 and 8.91 for 200 and 50 days respectively.