Euronav NV Ordinary Shares (NYSE:EURN) Traded 5.0% Above Its 50 Day Moving Average


Shares last traded at $8.45 which is just a bit higher than $8.05, the 50 day moving average and which is marginally over the 200 day moving average of $7.78. The 50 day moving average was up $0.40 and the 200 day average was up $0.67. Euronav NV Ordinary Shares shares had a trading volume of 7,630 by the end of trading on Friday. Trading volume was down 99.23% under the stocks average daily volume.

Investors are more bullish on shares of the company recently as shown by the downtick in short interest. The stock experienced a fall in short interest of -1.49% as of the latest report on September 29, 2017. Short shares fell from 4,238,573 to 4,175,539 over that period. Days to cover decreased from 9.0 to 8.0 and the percentage of shorted shares is 0.03% as of September 29.

A few notable investment firms have updated their holdings. As of quarter end Edmond De Rothschild Holding S.a. had disposed of a total of 775 shares trimming its position 0.7%. The value of the investment in EURN decreased from $943,000 to $924,000 a change of $19,000 quarter over quarter. Ubs Group Ag added to its ownership by buying 38,851 shares an increase of 46.6% as of 06/30/2017. Ubs Group Ag owns 122,237 shares valued at $966,000. The value of the position overall is up by 46.6%.

Point72 Asset Management, L.p. trimmed its position by shedding 351,400 shares a decrease of 71.3% from 03/31/2017 to 06/30/2017. Point72 Asset Management, L.p. claims 141,200 shares worth $1,115,000. The total value of its holdings decreased 71.4%. Jane Street Group, LLC bolstered its holdings by buying 106,322 shares an increase of 37.4% in the quarter. Jane Street Group, LLC now holds 390,845 shares with a value of $3,088,000. The total value of its holdings increased 37.4%.

In the market the company is trading down by 0.82%% since yesterday’s close of 8.52. Euronav NV Ordinary Shares also recently declared a dividend paid on Thursday the 5th of October 2017. The dividend was $0.030 per share for the quarter or $0.12 annualized. This dividend amount represented a yield of $1.41. The ex-dividend date was set for Monday the 25th of September 2017.

The P/E ratio is 22.30 and the market cap is 1.34B. In the latest earnings report the EPS was $0.38 and is expected to be $1.88 for the current year with 158,166,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.02 with next year’s EPS projected to be $0.20.

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of March 24, 2016, it owned and operated a fleet of 55 vessels, including 30 very large crude carriers, 1 ultra large crude carrier, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium..