Euronav (NYSE:CMBT) Upgraded to “Hold” at Wall Street Zen

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

Euronav Stock Performance

Euronav stock opened at $9.57 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22. The stock has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $9.71. Euronav has a 52-week low of $7.65 and a 52-week high of $18.43. The firm has a market capitalization of $1.86 billion, a P/E ratio of 1.61 and a beta of 0.07.

Euronav (NYSE:CMBT) last announced its earnings results on Wednesday, May 21st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.19. Euronav had a return on equity of 22.29% and a net margin of 117.02%. The company had revenue of $225.66 million during the quarter, compared to analyst estimates of $194.00 million.

Institutional Trading of Euronav

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