Is Euronav NV Ordinary Shares’s Fuel For Real? The Stock Just Increased Again
by Linda Rogers — April 15, 2016
The stock of Euronav NV Ordinary Shares (NYSE:EURN) is a huge mover today! The stock increased 3.41% or $0.36 on April 14, hitting $10.92. About 1.67 million shares traded hands or 45.22% up from the average. Euronav NV Ordinary Shares (NYSE:EURN) has declined 20.18% since September 9, 2015 and is downtrending. It has underperformed by 27.42% the S&P500. The move comes after 7 months positive chart setup for the $1.68 billion company. It was reported on Apr, 15 by Barchart.com. We have $13.54 PT which if reached, will make NYSE:EURN worth $403.20M more.
Analysts await Euronav NV Ordinary Shares (NYSE:EURN) to reports earnings on May, 5. They expect $0.60 EPS, up 11.11% or $0.06 from last year’s $0.54 per share. EURN’s profit will be $92.31 million for 4.55 P/E if the $0.60 EPS becomes reality. After $0.66 actual EPS reported by Euronav NV Ordinary Shares for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
Out of 15 analysts covering Euronav NV (NYSE:EURN), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Euronav NV was the topic in 9 analyst reports since August 21, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium.”