Euronav NV (NYSE:CMBT - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $9.18, but opened at $9.40. Euronav shares last traded at $9.04, with a volume of 15,682 shares traded.
Euronav Trading Down 3.9%
The stock has a 50 day moving average of $8.99 and a 200-day moving average of $9.87. The company has a market capitalization of $1.72 billion, a P/E ratio of 1.49 and a beta of 0.10. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91.
Euronav (NYSE:CMBT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.19. Euronav had a return on equity of 22.29% and a net margin of 117.02%. The business had revenue of $225.66 million for the quarter, compared to analysts' expectations of $194.00 million.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in CMBT. SBI Securities Co. Ltd. bought a new stake in Euronav in the 4th quarter worth approximately $54,000. Norges Bank bought a new stake in Euronav in the fourth quarter worth $5,113,000. Blue Trust Inc. bought a new stake in Euronav in the fourth quarter worth $363,000. Steward Partners Investment Advisory LLC purchased a new stake in Euronav during the fourth quarter valued at $58,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Euronav during the fourth quarter valued at $655,000.
Euronav Company Profile
(
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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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