Euronav (NYSE:CMBT) Shares Gap Up – What’s Next?

Euronav NV (NYSE:CMBT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.74, but opened at $10.00. Euronav shares last traded at $9.61, with a volume of 23,284 shares changing hands.

Euronav Price Performance

The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 1.62 and a beta of 0.07. The business’s 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $9.73. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91.

Euronav (NYSE:CMBT) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. The company had revenue of $225.66 million during the quarter, compared to the consensus estimate of $194.00 million. Euronav had a net margin of 117.02% and a return on equity of 22.29%.

Institutional Trading of Euronav

Large investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Euronav during the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new stake in shares of Euronav during the 4th quarter worth approximately $54,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Euronav during the 4th quarter worth approximately $58,000. Blue Trust Inc. acquired a new stake in shares of Euronav during the 4th quarter worth approximately $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Euronav during the 4th quarter worth approximately $101,000.

About Euronav

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.