Euronav (NYSE:CMBT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.
Euronav Stock Down 0.1%
Shares of NYSE:CMBT traded down $0.01 during midday trading on Friday, reaching $9.57. 98,812 shares of the company were exchanged, compared to its average volume of 115,910. Euronav has a fifty-two week low of $7.65 and a fifty-two week 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 fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.69. The firm has a market cap of $1.86 billion, a PE ratio of 1.61 and a beta of 0.07.
Euronav (NYSE:CMBT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.19. Euronav had a net margin of 117.02% and a return on equity of 22.29%. The firm had revenue of $225.66 million for the quarter, compared to analyst estimates of $194.00 million.
Institutional Investors Weigh In On Euronav
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Euronav in the 4th quarter valued at $5,113,000. Uniplan Investment Counsel Inc. bought a new position in shares of Euronav in the 4th quarter valued at about $4,261,000. Foundry Partners LLC bought a new position in shares of Euronav in the 4th quarter valued at about $2,508,000. Goldman Sachs Group Inc. grew its position in shares of Euronav by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company's stock valued at $2,252,000 after acquiring an additional 37,356 shares during the period. Finally, Vident Advisory LLC bought a new position in shares of Euronav in the 4th quarter valued at about $1,124,000.
About Euronav
(
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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