Euronav (NYSE:CMBT - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, Zacks reports. Euronav had a net margin of 117.02% and a return on equity of 22.29%. The business had revenue of $225.66 million during the quarter, compared to analyst estimates of $194.00 million.
Euronav Stock Down 0.4%
Shares of Euronav stock traded down $0.04 during trading hours on Thursday, hitting $8.91. 28,642 shares of the company's stock traded hands, compared to its average volume of 114,539. The company has a market cap of $1.73 billion, a PE ratio of 1.50 and a beta of 0.10. Euronav has a twelve month low of $7.65 and a twelve month high of $18.43. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. The stock has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $10.10.
Institutional Investors Weigh In On Euronav
A hedge fund recently raised its stake in Euronav stock. Goldman Sachs Group Inc. lifted its stake in shares of Euronav NV (NYSE:CMBT - Free Report) by 17.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.
Euronav Company Profile
(
Get Free Report)
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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