Euronav NV (NYSE:EURN) has a beta value of 0.06 and has seen 1.18 million shares traded in the recent trading session. The company, currently valued at $2.88B, closed the recent trade at $14.23 per share which meant it lost -$1.17 on the day or -7.60% during that session. The EURN stock price is -30.01% off its 52-week high price of $18.50 and 1.12% above the 52-week low of $14.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.84 million shares traded. The 3-month trading volume is 1.53 million shares.
Euronav NV (NYSE:EURN) trade information
Sporting -7.60% in the red today, the stock has traded in the red over the last five days, when the EURN stock price touched $14.23 or saw a rise of 20.32%. Year-to-date, Euronav NV shares have moved -19.10%, while the 5-day performance has seen it change -19.83%. Over the past 30 days, the shares of Euronav NV (NYSE:EURN) have changed -19.97%. Short interest in the company has seen 2.73 million shares shorted with days to cover at 1.65.
Euronav NV (EURN) estimates and forecasts
Figures show that Euronav NV shares have underperformed across the wider relevant industry. The company’s shares have lost -12.16% over the past 6 months, with this year growth rate of -33.45%, compared to 5.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -40.20% and -50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -18.60%.
2 analysts offering their estimates for the company have set an average revenue estimate of $238.89 million for the current quarter. 2 have an estimated revenue figure of $212.26 million for the next quarter concluding in Jun 2024. Year-ago sales stood $339.95 million and $348.16 million respectively for this quarter and the next, and analysts expect sales will shrink by -29.70% for the current quarter and -39.00% for the next.
Earnings growth for 2024 is a modest -52.71% while over the next 5 years, the company’s earnings are expected to decrease by -13.00%.
EURN Dividends
Euronav NV is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.42 at a share yield of 9.99%. The company’s dividend yield has gone up over the past 12 months.
Euronav NV (NYSE:EURN)’s Major holders
Insiders own 49.05% of the company shares, while shares held by institutions stand at 28.15% with a share float percentage of 55.26%. Investors are also buoyed by the number of investors in a company, with Euronav NV having a total of 221 institutions that hold shares in the company. The top two institutional holders are Arrowstreet Capital, Limited Partnership with over 5.36 million shares worth more than $76.34 million. As of Dec 30, 2023, Arrowstreet Capital, Limited Partnership held 2.44% of shares outstanding.
The other major institutional holder is Norges Bank Investment Management, with the holding of over 5.19 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $73.88 million and represent 2.36% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are DFA International Small Cap Value Portfolio and Vanguard International Stock Index-Total Intl Stock Indx. As of Oct 30, 2023, the former fund manager holds about 1.04% shares in the company for having 2.28 million shares of worth $32.49 million while later fund manager owns 1.45 million shares of worth $20.65 million as of Oct 30, 2023, which makes it owner of about 0.66% of company’s outstanding stock.
