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EURN
Stock ticker: NYSE
AS OF
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Price
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Capitalization
3.66B

EURN Euronav NV Forecast, Technical & Fundamental Analysis

a provider of international maritime shipping and offshore services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for EURN with price predictions
07:00 PM EST Dec 04, 2023

EURN's RSI Indicator leaves overbought zone

The 10-day RSI Indicator for EURN moved out of overbought territory on November 27, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 instances where the indicator moved out of the overbought zone. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EURN as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

EURN broke above its upper Bollinger Band on November 24, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EURN advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 274 cases where EURN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.750) is normal, around the industry mean (86.841). P/E Ratio (5.319) is within average values for comparable stocks, (16.830). EURN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.977). EURN has a moderately high Dividend Yield (0.143) as compared to the industry average of (0.068). P/S Ratio (2.745) is also within normal values, averaging (2.845).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EURN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NYSE:EPD), Energy Transfer LP (NYSE:ET), Cheniere Energy (ASE:LNG), Kinder Morgan (NYSE:KMI), Targa Resources Corp (NYSE:TRGP), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NYSE:AM), Euronav NV (NYSE:EURN), Plains GP Holdings LP (NASDAQ:PAGP), Scorpio Tankers (NYSE:STNG).

Industry description

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

Market Cap

The average market capitalization across the Oil & Gas Pipelines Industry is 8.67B. The market cap for tickers in the group ranges from 193.53K to 72.06B. ENB holds the highest valuation in this group at 72.06B. The lowest valued company is AGEEF at 193.53K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Pipelines Industry was 1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 8%. TTNN experienced the highest price growth at 26%, while MPIR experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Pipelines Industry was 36%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 25
P/E Growth Rating: 67
Price Growth Rating: 49
SMR Rating: 65
Profit Risk Rating: 67
Seasonality Score: 28 (-100 ... +100)
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A.I. Advisor
published Earnings

EURN is expected to report earnings to rise 6.02% to 60 cents per share on February 01

Euronav NV EURN Stock Earnings Reports
Q4'23
Est.
$0.60
Q3'23
Beat
by $0.15
Q2'23
Beat
by $0.13
Q1'23
Beat
by $0.17
Q4'22
Beat
by $0.51
The last earnings report on November 02 showed earnings per share of 56 cents, beating the estimate of 42 cents. With 1.05M shares outstanding, the current market capitalization sits at 3.66B.
A.I.Advisor
published Dividends

EURN is expected to pay dividends on December 20, 2023

Euronav NV EURN Stock Dividends
A dividend of $0.57 per share will be paid with a record date of December 20, 2023, and an ex-dividend date of December 12, 2023. The last dividend of $0.80 was paid on September 19. Read more...
A.I. Advisor
published General Information

General Information

a provider of international maritime shipping and offshore services

Industry OilGasPipelines

Profile
Fundamentals
Details
Industry
N/A
Address
De Gerlachekaai 20
Phone
+32 32474411
Employees
2946
Web
http://www.euronav.com
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EURN and

Correlation & Price change

A.I.dvisor indicates that over the last year, EURN has been loosely correlated with TNK. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if EURN jumps, then TNK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EURN
1D Price
Change %
EURN100%
+0.11%
TNK - EURN
60%
Loosely correlated
-0.95%
INSW - EURN
57%
Loosely correlated
-1.43%
TK - EURN
53%
Loosely correlated
-1.46%
DHT - EURN
51%
Loosely correlated
-2.27%
STNG - EURN
50%
Loosely correlated
-0.58%
More

Groups containing EURN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EURN
1D Price
Change %
EURN100%
+0.11%
marine
(undefined stocks)
54%
Loosely correlated
-2.36%
Oil & Gas Pipelines
(undefined stocks)
53%
Loosely correlated
-0.77%
Industrial Services
(undefined stocks)
36%
Loosely correlated
-0.90%
offshore energy
(undefined stocks)
36%
Loosely correlated
-2.12%
europe
(undefined stocks)
26%
Poorly correlated
-0.54%