Euronav (NYSE:CMBT - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.02 by $0.19, Zacks reports. The firm had revenue of $225.66 million during the quarter, compared to analyst estimates of $194.00 million. Euronav had a net margin of 117.02% and a return on equity of 22.29%.
Euronav Stock Performance
CMBT stock traded up $0.10 during midday trading on Tuesday, hitting $8.95. 86,494 shares of the stock traded hands, compared to its average volume of 100,479. Euronav has a 1-year low of $7.65 and a 1-year high of $18.43. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22. The stock's fifty day simple moving average is $9.04 and its 200-day simple moving average is $9.96. The firm has a market cap of $1.74 billion, a P/E ratio of 1.51 and a beta of 0.10.
Hedge Funds Weigh In On Euronav
An institutional investor recently raised its position in Euronav stock. Goldman Sachs Group Inc. lifted its holdings in shares of Euronav NV (NYSE:CMBT - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,014 shares of the company's stock after buying an additional 37,356 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.13% of Euronav worth $2,252,000 as of its most recent SEC filing.
About Euronav
(
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Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
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