EURN Stock Summary and Trading Ideas (Euronav Nv | NYSE:EURN)

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. It generate a large parts of their revenue from voyage charters, including vessels in pools that predominantly perform voyage charters. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.

Euronav Nv trades on the NYSE stock market under the symbol EURN.

As of April 18, 2024, EURN stock price declined to $16.37 with 254,014 million shares trading.

EURN has a beta of -0.07, meaning it tends to be less sensitive to market movements. EURN has a correlation of 0.00 to the broad based SPY ETF.

EURN has a market cap of $3.18 billion. This is considered a Mid Cap stock.

Last quarter Euronav Nv reported $271 million in Revenue and $2.03 earnings per share. This fell short of revenue expectation by $-9 million and exceeded earnings estimates by $1.47.

In the last 3 years, EURN stock traded as high as $21.00 and as low as $7.55.

The top ETF exchange traded funds that EURN belongs to (by Net Assets): DFAI, DFAX, DFIC, DFIS, DISV.

EURN has underperformed the market in the last year with a return of +1.7%, while the SPY ETF gained +22.3%. In the last 3 month period, EURN fell short of the market, returning -7.0%, while SPY returned +6.1%. However, in the most recent 2 weeks EURN has outperformed the stock market by returning -3.0%, while SPY returned -3.8%.

EURN support price is $16.18 and resistance is $16.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EURN stock will trade within this expected range on the day.