Euronav (NYSE:CMBT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Euronav (NYSE:CMBT) from a sell rating to a hold rating in a research report report published on Saturday.

Euronav Price Performance

NYSE:CMBT opened at $9.57 on Friday. Euronav has a 1-year low of $7.65 and a 1-year high of $18.43. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $9.11 and a 200 day simple moving average of $9.70. The stock has a market capitalization of $1.86 billion, a PE ratio of 1.61 and a beta of 0.07.

Euronav (NYSE:CMBT) last released its earnings results on Wednesday, May 21st. The company reported $0.21 earnings per share 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 business had revenue of $225.66 million during the quarter, compared to analysts’ expectations of $194.00 million.

Institutional Investors Weigh In On Euronav

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Euronav during the fourth quarter worth $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Euronav during the fourth quarter worth $54,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Euronav during the fourth quarter worth $58,000. Blue Trust Inc. acquired a new stake in shares of Euronav during the fourth quarter worth $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Euronav during the fourth quarter worth $101,000.

Euronav Company Profile

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.