There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Tiling stocks: Nutanix, Inc. (NASDAQ:NTNX 2.37%), Euronav NV (NYSE:EURN -1.81%) appeared first on Stocks Equity .
In the current trading session, Euronav NV’s (EURN) stock is trading at the price of $18.26, a gain of 5.37% over last night’s close. So, the stock is trading at a price that is 1.56% less than its 52-week high of $17.98 and 130.99% better than its 52-week low of $7.91. Based on the past […]
Euronav NV (NYSE:EURN) traded at a new 52-week high today of $16.78. Approximately 504,00… Euronav NV (NYSE:EURN) traded at a new 52-week high today of $16.78. Approximately 504,00… … The post Shares of Euronav NV (EURN) Rise to a New 52-Week High appeared first on Oil & Gas 360 .
U.S. stocks traded lower this morning, with the Nasdaq composite dropping more than 150 points on Wednesday. The Dow traded down 0.52% to 33,973.33 while the NASDAQ fell 1.18% to 12,947.89. The S&P also fell, dropping, 0.73% to 4,273.58. Also check this: Market Volatility Decreases Following Upbeat Earnings From Walmart, Home Depot Leading and Lagging Sectors Energy shares climbed 0.6% on Wednesday. Meanwhile, top gainers in the sector included Euronav NV (NYSE: EURN ), up 6% and SFL Corporation Ltd. (NYSE: SFL ) up 5%. In trading on Wednesday, communication services shares fell by 1.3%. Top Headline U.S. retail sales unexpectedly stalled in July, versus market expectations for a 0.1% increase. Equities Trading UP Blue Water Vaccines, Inc. (NASDAQ: BWV ) shares shot up 54% to $3.93 after the company announced it plans to explore the potential development of a novel monkeypox vaccine using its norovirus shell and protrusion virus-like particle platform. Shares of Cassava Sciences, Inc.
Euronav NV (NYSE: EURN ) reported that second-quarter revenue improved by 49.7% year-over-year to $148.69 million . The company realized a net loss of $(4.9) million for the quarter, or $(0.02) per share, an improvement from $(0.44) in 2Q21. Proportionate EBITDA increased by 231.3% Y/Y to $74.94 million, with per share being $0.37 compared to $0.11 a year ago. Considering the … Full story available on Benzinga.com
The following slide deck was published by Euronav NV in conjunction with their 2022 Q2 earnings call.
Euronav NV (NYSE:NYSE:EURN) Q2 2022 Earnings Conference Call August 04, 2022 08:00 AM ET Company Participants Brian Gallagher - Head of Investor Relations Hugo De Stoop - Chief Executive…
Euronav (EURN) is scheduled to announce Q2 earnings results on Thursday, August 4th, before market open.The consensus EPS Estimate is -$0.13 (+70.5% Y/Y) and the consensus Revenue…
Shares of Euronav NV (NYSE:EURN) traded at a new 52-week high today of $14.75. This new h… Shares of Euronav NV (NYSE:EURN) traded at a new 52-week high today of $14.75. This new h… … The post Shares of Euronav NV (EURN) Rise Above Previous 52-Week High appeared first on Oil & Gas 360 .
Combination Highlights Transaction structured as a voluntary conditional registered exchange offer initiated by Frontline with an exchange ratio…
Combination Highlights Transaction structured as a voluntary conditional registered exchange offer initiated by Frontline with an exchange ratio of 1.45 Frontline shares for 1 Euronav share,…
Euronav is an industry leader in the tanker industry and announced a merger with Frontline, creating the largest oil tanker fleet by capacity. EURN is an attractive investment opportunity.
How New EU Sanctions On Russia Will Shake Up Global Energy Trade By Greg Miller of FreightWaves , The Ukraine-Russia war has already shaken up global energy markets. Sanctions finalized Friday by the EU will shake them up a lot more — not only for the tanker industry but also for American diesel and gasoline consumers. The EU is a vastly larger buyer of Russian petroleum than the U.S., which banned imports from Russia in early March. The new EU sanctions will end Europe’s imports of Russian seaborne crude by Dec. 5 and refined products by Feb. 3, 2023. Perhaps even more importantly, the EU will phase in bans on EU insurance, reinsurance, technical services or any financial services for tankers carrying Russian crude and products to any country, including current buyers in India and China, over the same time frames. The U.K. is also set to ban insurance and reinsurance for such tankers. Over 90% of the world’s ships are insured in Europe and the U.K. The insurance ban could have “a dramatic impact on seaborne trade of Russian oil and oil products,” said brokerage and consultancy Poten & Partners. “The potential implications cannot be overstated.” Russia crude exports What does the new EU import ban have to do with U.S. fuel buyers?
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has completed a transaction in which the Company has sold its 50% stake in two floating storage and offshore (FSO) vessels to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total. Net of adjustments
Euronav NV (NYSE: EURN ) reported that first-quarter revenue improved by 5.1% year-over-year to $114.37 million , beating the consensus of $92.73 million. Total shipping income was $130.4 million. EPS loss was $(0.21), beating the consensus of $(0.42). EBITDA was $42.66 million (+49.3% … Full story available on Benzinga.com
Companies Reporting Before The Bell • Chicago Atlantic Real (NASDAQ: REFI ) is projected to report earnings for its first quarter. • Archer Aviation (NYSE: ACHR ) is likely to report earnings for its first quarter. • X4 Pharmaceuticals (NASDAQ: XFOR ) is projected to report quarterly loss at $0.61 per share on revenue of $120.00 thousand. • First Industrial Realty (NYSE: FR ) is projected to report earnings for its first quarter. • Berkshire Grey (NASDAQ: BGRY ) is estimated to report quarterly loss at $0.13 per share on revenue of $4.23 million. • Matinas BioPharma Hldgs (AMEX: MTNB ) is likely to report earnings for its first quarter. • KT (NYSE: KT ) is likely to report earnings for its first quarter. • Crescent Point Energy (NYSE: CPG ) is projected to report quarterly earnings at $0.25 per share on revenue of $693.53 million. • ironSource (NYSE: IS ) is estimated to report quarterly earnings at $0.03 per share on revenue of $183.58 million. • Aemetis (NASDAQ: AMTX ) is expected to report earnings for its first quarter.
Euronav NV announced yesterday a Joint Development Program (JDP) with the largest shipbuilder in the world, Hyundai Heavy Industries (HHI) and classification societies Lloyds Register and DNV, to help accelerate the development of dual fuel Ammonia (NH3) fitted VLCC and Suezmax vessels. The initial term of the JDP will be three years. Hugo de Stoop, The post Euronav announces Joint Development Program for ammonia-fitted tankers and newbuildings update first appeared on Hellenic Shipping News Worldwide .
Euronav NV (NYSE:EURN) is a company treading water to keep from sinking. In the part one of this series we observed that the Belgium company sought to entertain the shipping nomenklatura and public view by mimicking Vitol. Now, Euronav are a party in GP Global/Gulf Petrochem, a Geneva-centered trade finance fraud Q1 2021 hedge fund letters, conferences and more [] The post Euronav, Under-Performer Of Its Own Physical Market Part II appeared first on ValueWalk .
Chembio Diagnostics, Inc. (NASDAQ:CEMI) with the stream of -4.02% also noticed, India Euronav NV (NYSE:EURN) encountered a rapid change of -0.05% in the last hour of Tuesdays trading session. Chembio The post Striking Stock: Chembio Diagnostics, Inc. (NASDAQ:CEMI), Euronav NV (NYSE:EURN) appeared first on Stocks Equity .
Kepler Capital Stick to Their Buy Rating for Euronav NV
Drewry Financial Stick to Their Buy Rating for Euronav NV
Euronav NV has sold the Suezmax Filikon (2002149,989dwt)for USD 16.3million. A capital gain on the sale of approximately USD 9.3million will be recorded in the current quarter. The vessel has been delivered to her new owners on June 4th. Euronav considers regular fleet rejuvenation an important function of vessel management in providing quality services to The post Euronav sells Suezmax Filikon first appeared on Hellenic Shipping News Worldwide .
Euronav NV (EURN) shares closed today at 0.9% below its 52 week high of $9.89, giving the company a market cap of $2B. The stock is currently up 23.4% year-to-date, up 19.9% over the past 12 months, and up 22.2% over the past five years. This week, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 0.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Euronav NV (EURN) shares closed today at 1.3% below its 52 week high of $9.88, giving the company a market cap of $2B. The stock is currently up 22.7% year-to-date, up 19.1% over the past 12 months, and up 21.5% over the past five years. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 0.4%. Trading Activity Trading volume this week was 2.1% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Related Stocks: GME , EURN , TNK , XEC , PXD , TGLS , WPC , SBGI , NXST , MPLX , GCI , B ,
Euronav NV (NYSE:EURN) Equities researchers at Jefferies Financial Group cut their Q4 2021 earnings per share (EPS) estimates for shares of Euronav in a report issued on Thursday, May 6th. Jefferies Financial Group analyst R. Giveans now anticipates that the shipping company will post earnings of $0.12 per share for the quarter, down from []
Euronav NV (NYSE:EURN) announced a quarterly dividend on Tuesday, November 10th, Wall Street Journal reports. Shareholders of record on Friday, November 20th will be paid a dividend of 0.09 per share by the shipping company on Monday, November 30th. This represents a $0.36 dividend on an annualized basis and a yield of 4.38%. The ex-dividend […]
Kepler Capital Stick to Their Buy Rating for Euronav NV
Euronav NV (NYSE:EURN) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among […]
Une sortie par le haut de la phase d'accumulation observée dernièrement laisserait supposer le retour d'une dynamique haussière franche par le biais d'une hausse de la volatilité. | 24 juillet 2020
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By Firat KayakiranAn oil trade that made its way into Donald Trump’s press briefings -- and earned big profits for commodity merchants and tanker owners alike -- is fading away with every dollar that the price of crude rallies.When oil demand cratered earlier this year because of the coronavirus and a flood of cargoes, the U.S. president talked about “oil all over the oceans.” It was a reference to the tens of millions of barrels of unwanted crude that traders were hoarding on ships at profit. Tanker owners including Frontline Ltd. and Euronav NV also reaped windfalls as a frenzy to book the ships on storage charters drove up rates.Those days are done. The big financial incentive to store, known in trader jargon as contango, has all but vanished. Worse still for tanker owners: it’s disappeared partly because the OPEC+ oil-producer alliance has drastically curtailed the supply of cargoes. In other words, no incentive to store and fewer shipments.“For now, this play is largely over,” said Richard Matthews, an analyst who monitors the trade at E.A.
To the growing bewilderment of skeptics, equities continue their rally, trading as if the recovery is nigh, there will be no second-wave lockdowns, and government largesse will offset unemployment. The S&P 500 closed at 3,232on Monday, up 44% from its March 23 low and down less than 1% year-to-date (YTD), effectively erasing its losses for the year. "The broader equity market is beginning to buy into the idea of a rapid recovery to the extent which just two months ago I would never have believed possible, and frankly [I] am still a little guarded," acknowledged Stifel shipping analyst Ben Nolan in a research note on Sunday. Stifel's Ben Nolan (Photo: Chris Preovolos/Marine Money) "The confidence in a broader market recovery expressed by the sharp improvement in the S&P has not translated into nearly the same magnitude within the shipping equities," he said. "Average tanker names under coverage are down 33% YTD, average container names are down 31%, and average dry bulk names are down 41%. "Transportation as a sector has lagged the broader market, but still, the S&P transportation index, which is mostly railroads, airlines, and trucking companies, is only down 7% through the year, so clearly [ocean] shipping is underperforming by any measure. "If the broader equities are correct in predicting a rapid recovery of economic activity, shipping equities could be poised for a substantial catchup trade and outperformance," he concluded.
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The world's oil spigot cannot be turned off fast enough, and petroleum no one needs is now pouring into tanker cargo holds like rainwater into buckets under a leaky roof. Plunging oil demand has precipitated surging tanker demand. As the saying goes, "One man's misfortune is another man's fortune." Shares of crude-tanker owners Nordic American Tankers Limited (NYSE: NAT ) were up 20% as of midday Monday, with Frontline, Ltd. (NYSE: FRO ) up 10%, DHT Holdings, Inc. (NYSE: DHT ) 9% and Euronav NV (NYSE: EURN ) 7%. Shares of product-carrier owners Ardmore Shipping Corporation (NYSE: ASC ) and Scorpio Tankers, Inc. (NYSE: STNG ) were up 11% and 6%, respectively. In the mixed-fleet category, Tsakos Energy Navigation Limited (NYSE: TNP ) was up 15%, Navios Maritime Acquisitions Corporation (NYSE: NNA ) 12%, Teekay Tankers Limited (NYSE: TNK ) and Teekay Corporation (NYSE: TK ) 10%, Diamond S Shipping Inc. (NYSE: DSSI ) 9%, and International Seaways, Inc. (NYSE: INSW ) 7%. Product tanker bonanza Long Range 2 (LR2) product tankers, which have capacity of 80,000-119,999 deadweight tons (DWT), are earning an unprecedented $165,000 per day, according to Clarksons Platou Securities.
It was October 2019, just six months ago, but ancient history for tanker trades. Rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil) spiked to $200,000 per day. Tension in the Middle East was a key driver. The threat that military action with Iran could halt tanker transits via the Strait of Hormuz spurred fear that oil prices could skyrocket. This prompted shippers to pull bookings forward, boosting VLCC demand and rates. The world has turned upside down since then. Today, low crude prices are driving tanker rates above $200,000 per day. As the coronavirus cripples oil demand, an unprecedented wave of petroleum is going to sea, whether intentionally for storage or unintentionally because cargo owners can't find anywhere to unload. The more laden tankers on the water, the fewer available to bid on the next spot deal and the higher the spot rate. If oil prices bounce back up, it would be negative for tanker sentiment — exactly the opposite of what happened in October.
Does Euronav NV (EURN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Le repli de ces dernières semaines a ramené les cours du titre Euronav NV vers l'importante zone support des 8.71 EUR. Il apparaît opportun d'exploiter ces niveaux de prix en données hebdomadaires. | 4 février 2020
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Sale and Leaseback of three VLCCs Antwerp, Belgium, 2nd of January 2020 - Euronav NV announces today that it has entered into a sale and leaseback agreement for three VLCC…
Euronav NV (NYSE:EURN) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 2,900,000 shares, a growth of 13.7% from the September 30th total of 2,550,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average trading volume of 930,000 shares, the days-to-cover […]
There are usually more bulk ships on the high seas than cargoes for them to carry, ergo weak returns for vessel owners. Every once in a while, though, the balance tightens and an unexpected chain of events sends moribund freight rates through the roof. That's what just happened with very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil), and conditions are still ripe for more VLCC rate spikes in the months ahead due to constraints on tanker capacity that could extend well into 2020. Executives of crude-tanker owner Euronav (NYSE: EURN ) outlined three rising capacity constraints during their quarterly call with analysts on Oct. 29: heightened floating storage, delays for exhaust-gas scrubber installations, and uncertainty over newbuilding designs. Floating Storage is Up On Jan. 1, the IMO 2020 rule goes into effect, requiring the use of fuel with sulfur content of 0.5% or less aboard all ships not equipped with exhaust-gas scrubbers. This will split the market into those using scrubbers and staying with 3.5% sulfur heavy fuel oil (HFO) on one hand and those switching to blended 0.5% sulfur low-sulfur fuel oil (LSFO) or 0.1% marine gas oil (MGO) on the other.
Euronav NV (EURN) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Does Euronav NV (EURN) have what it takes to be a top stock pick for momentum investors? Let's find out.
The historic surge in U.S. crude production has reverberated across domestic and international freight systems, affecting every transport mode. Maritime …
Profits are on the rise at International Seaways (NYSE: INSW), a New York-based tanker owner with a diversified fleet that could provide upside on multiple …