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

Euronav NV (NYSE:CMBT) 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.

Euronav Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 1.62 and a beta of 0.07. The company has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $9.73.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in Euronav in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. bought a new position in Euronav in the 4th quarter valued at approximately $54,000. Steward Partners Investment Advisory LLC bought a new position in Euronav in the 4th quarter valued at approximately $58,000. Blue Trust Inc. bought a new position in Euronav in the 4th quarter valued at approximately $62,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Euronav in the 4th quarter valued at approximately $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.