Euronav NV (NYSE: EURN) is 12.75% higher on its value in year-to-date trading and has touched a low of $7.20 and a high of $12.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EURN stock was last observed hovering at around $9.15 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $11.56 for the next 12 months. It is also 35.57% off the consensus price target high of $14.00 offered by 16 analysts, but current levels are -6.12% lower than the price target low of $8.50 for the same period.
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Currently trading at $9.02, the stock is -1.49% and 1.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -1.42% at the moment leaves the stock 3.08% off its SMA200. EURN registered -2.91% loss for a year compared to 6-month gain of 1.58%. The firm has a 50-day simple moving average (SMA 50) of $9.16 and a 200-day simple moving average (SMA200) of $8.53.
The stock witnessed a 0.89% loss in the last 1 month and extending the period to 3 months gives it a 6.37%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 3.22% over the month.
Current P/E ratio is 4.01 and Fwd P/E is 14.55. Distance from 52-week low is 25.19% and -27.67% from its 52-week high.
Euronav NV (EURN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Euronav NV (EURN) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Euronav NV is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.29 with sales reaching $107.05M over the same period.The EPS is expected to shrink by -119.60% this year, but quarterly earnings will post -45.80% year-over-year.
Euronav NV (EURN) Top Institutional Holders
229 institutions hold shares in Euronav NV (EURN), with 22.38M shares held by insiders accounting for 11.10% while institutional investors hold 41.15% of the company’s shares. The shares outstanding are 201.68M, and float is at 180.37M with Short Float at 1.36%. Institutions hold 36.58% of the Float.
The top institutional shareholder in the company is M&G Investment Management Ltd with over 11.03 million shares valued at $88.23 million. The investor’s holdings represent 5.01% of the EURN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.92 million shares valued at $47.37 million to account for 2.69% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 5.42 million shares representing 2.47% and valued at over $43.39 million, while FMR, LLC holds 1.59% of the shares totaling 3.51 million with a market value of $28.07 million.