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

Euronav (NYSE:CMBT) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Euronav Stock Down 0.1%

Shares of NYSE CMBT opened at $9.57 on Friday. The company has a market capitalization of $1.86 billion, a P/E ratio of 1.61 and a beta of 0.07. Euronav has a 52-week low of $7.65 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.22 and a current ratio of 1.29. The company’s 50 day moving average price is $9.11 and its 200-day moving average price is $9.69.

Euronav (NYSE:CMBT) last released its quarterly earnings data 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. The company had revenue of $225.66 million during the quarter, compared to analyst estimates of $194.00 million. Euronav had a net margin of 117.02% and a return on equity of 22.29%.

Institutional Trading of Euronav

Institutional investors have recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of Euronav in the 4th quarter worth $37,000. SBI Securities Co. Ltd. bought a new position in Euronav during the fourth quarter worth about $54,000. Steward Partners Investment Advisory LLC bought a new position in Euronav during the fourth quarter worth about $58,000. Blue Trust Inc. bought a new position in Euronav during the fourth quarter worth about $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Euronav during the fourth quarter worth about $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.