Euronav NV (NYSE: EURN) stock fell -1.55% on Wednesday to $19.65 against a previous-day closing price of $19.96. With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.18 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $20.41 whereas the lowest price it dropped to was $19.49. The 52-week range on EURN shows that it touched its highest point at $20.75 and its lowest point at $7.91 during that stretch. It currently has a 1-year price target of $22.66.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EURN was down-trending over the past week, with a drop of -0.71%, but this was up by 7.85% over a month. Three-month performance surged to 21.15% while six-month performance rose 59.50%. The stock gained 106.84% in the past year, while it has gained 121.03% so far this year. A look at the trailing 12-month EPS for EURN yields -1.55 with Next year EPS estimates of 1.87. For the next quarter, that number is 0.67. This implies an EPS growth rate of 129.80% for this year and 274.00% for next year.
Float and Shares Shorts:
At present, 201.78 million EURN shares are outstanding with a float of 120.13 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.67 million, which was 1.32% higher than short shares on Sep 14, 2022. In addition to Mr. Hugo De Stoop as the firm’s CEO & Member of the Management Board, Ms. Lieve Logghe serves as its CFO & Member of the Management Board.
Through their ownership of 26.10% of EURN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.06% of EURN, in contrast to 20.84% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EURN with 3.99% of the stake, Fidelity Management & Research Co holds 8,781,050 shares worth 8,781,050. A second-largest stockholder of EURN, Merrill Lynch International, holds 5,425,985 shares, controlling over 2.47% of the firm’s shares. Barclays Capital Securities Ltd. is the third largest shareholder in EURN, holding 4,892,305 shares or 2.22% stake. With a 2.17% stake in EURN, the Government Pension Fund – Global is the largest stakeholder. A total of 4,774,345 shares are owned by the mutual fund manager. The DFA International Small Cap Value, which owns about 1.62% of EURN stock, is the second-largest Mutual Fund holder. It holds 3,565,368 shares valued at 63.57 million. Vanguard Selected Value Fund holds 1.18% of the stake in EURN, owning 2,586,487 shares worth 46.12 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EURN since 15 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EURN analysts setting a high price target of $33.00 and a low target of $14.15, the average target price over the next 12 months is $21.80. Based on these targets, EURN could surge 67.94% to reach the target high and fall by -27.99% to reach the target low. Reaching the average price target will result in a growth of 10.94% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EURN will report FY 2022 earnings on 01/26/2023. Analysts have provided yearly estimates in a range of $0.68 being high and $0.06 being low. For EURN, this leads to a yearly average estimate of $0.35. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Euronav NV surprised analysts by $0.02 when it reported $0.08 EPS against a consensus estimate of $0.06. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.84 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.65.
Summary of Insider Activity:
Insiders traded EURN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 32,039 while 70,000 shares were sold.