Euronav NV $ 8.46 -0.1941 (-2.24%)
EURN News and Headlines - Euronav NV
Growth-focused investors may be interested in the following small-cap stocks, as they represent companies whose trailing 12-month earnings per share improved significantly on a year-over-year basis.
Sell-side analysts on Wall Street are forecasting these stocks will continue to improve their earnings over the next years.
The first stock to consider is Euronav NV (EURN), an Antwerp, Belgium-based oil and gas midstream operator. The stock has a market capitalization of $1.67 billion.
Euronav's trailing 12-month earnings were $3.23 per share as of the third quarter of 2020, a positive turnaround from a net loss of 20 cents per
According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned stocks have outperformed the S&P 500 Index over the past 12 months as of April 27.
Euronav NV (EURN) has a market cap of $2.35 billion. It has outperformed the S&P 500 by 22.67% over the past year.
Shares are trading with a price-book ratio of 1.04. According to the DCF calculator, the stock is overpriced by 103% at $11.3. As of Monday, the share price was 56.73% above the 52-week low and 14.46% below the 52-week high.
The company, which operates a fleet of
The word "crash" is often associated with catastrophic outcomes, whether we are talking about an airplane, stock markets or commodity prices. However, when it comes to capital markets, a severe decline in prices might present lucrative opportunities for prudent investors. Some companies, on the other hand, benefit from these events due to the very nature of their business operations. Euronav EV (EURN) is one such company that is looking at eye-popping earnings growth numbers in the next few quarters thanks to the oil crash. An investment in the stock will likely provide stellar returns within the next year.
According to current portfolio statistics, Oaktree Capital Management’s top five industrial holdings are TORM PLC (TRMD), Star Bulk Carriers Corp. (SBLK), Eagle Bulk Shipping Inc. (EGLE), Euronav NV (EURN) and Azul SA (AZUL).
Oaktree Chairman Howard Marks (Trades, Portfolio) is responsible for ensuring the firm’s adherence to its core investment philosophy and communicating closely with clients concerning products and strategies. The firm is involved in less-efficient markets and alternative investments; additionally, Oaktree invests heavily in debt, preferred stocks and convertible bonds.
Oaktree has not released its portfolio for the quarter
Companies in the oil tanker industry have seen mixed fortunes in the last two to three years. At one point, spot rates were surging and cash flows were swelling for companies like Euronav NV (EURN) and Teekay Tankers (TNK). With an oversupply in the tanker market, however, spot rates dropped and stocks declined across the industry.
While day rates have not seen meaningful recovery after the steep correction, the oil tanker industry has seen rates stabilize, which is reflected in the stock price performance of companies in the sector. For instance, Euronav has been sideways year to date as market
Navios Maritime Midstream Partners LPÂ (NAP) is a master limited partnership that owns and operates large crude oil tankers under long-term contracts with oil companies, refiners and large vessel operators.
Navios Maritime Acquisition Corp. is the company’s sponsor with 57.9% interest in Navios Midstream as well as 2% interest through general partner, which Navios Maritime Acquisition fully owns and controls. The company has a fleet of four vessels with 4.3 years of remaining average charter period.
Industry dynamics support growth
The International Monetary Fund has projected global gross domestic product (GDP) growth of 3.1% for 2016,
Euronav NV (EURN), an oil tanker company, has seen a 34% correction in the past year. This correction is primarily due to crude oil tanker rates declining and oil market challenges.
The weakness in the stock, however, is temporary and the company is expected to provide good long-term opportunities.
Euronav, along with its subsidiaries, owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments: tankers and floating and storage and offloading (FSO) operations.
The company currently has a total
Investment and company overview
The crude oil tanker industry has seen significant volatility and downside in spot rates as oil trends higher and Â tanker supply increases. As a result, tanker stocks have seen a sharp correction. Teekay Tankers Ltd.Â (TNK) and Euronav NV (EURN) are examples of stocks that have done exceedingly well when spot rates surged and have declined sharply in the last few quarters.
Another name in the tanker industry still provides a dividend yield of 9.3%, and there are reasons to be optimistic about this stock at current levels. Gradual accumulation is advisable at deep-value levels
During the first decade of the new millennium, the shipping sector was what can only be described as a goldmine. The rise of China as a global trading superpower, an aging fleet and easy access to credit allowed shipping companies around the world to expand rapidly, plowing billions into new vessels that were quickly snapped up on trading routes. The rising demand for transportation capacity also sent spot rates for vessel charters skyrocketing, improving the economics of shippers and making it look as if their rapid expansion was the right course of action. However, the financial crisis exposed these companies
Euronav (EURN) has had a rough 2016 as the stock has declined by 48%. Even after the deep correction, there are several reasons to remain cautious on this owner and operator of oil tankers.
The broader tanker industry has witnessed challenging times this year. For example, Teekay Tankers (TNK) stock has declined by 69% for the year to date and DHT Holdings (DHT) has also slumped by 55%. Considering other players in the industry, Euronav's stock performance has been relatively better.
When oil tanker stocks were surging higher in 2015, the key factor was spot rates trending higher. However, spot
Donald Smith (Trades, Portfolio) is the CIO of Donald Smith (Trades, Portfolio) & Co. He began his career as an analyst with Capital Research Company and then worked at Capital Guardian Trust Co. He manages a portfolio composed of 75 stocks, six of which have been bought for the last two quarters.
Asanko Gold Inc. (AKG)
During Q4 2015, the fund increased its stake by 60.32% and again by 0.49% in the first quarter 2016. The fund currently holds 1.02% of outstanding shares of the natural resource company currently engaged in the acquisition
The following stocks are trading with a very low P/E ratio. Most of them are greatly undervalued, according to the DCF calculator.
Visteon Corp. (VC) is trading with a P/E ratio of 1.49. According to the DCF calculator, the stock has a fair value of $16.48 while it is trading around $76.64. That means it is highly overpriced by 365%. The price has risen by 22% during the last 12 months and is now 37.0% below its 52-week high and 30.27% above its 52-week low.
The company is a supplier of automotive systems, modules and components to original equipment
There is no doubt that 2015 has been one of the best years since 2008 for oil tanker companies, and all the companies in this sector have reported strong revenue growth coupled with strong cash flows. Toward the end of 2015 and into 2016, these oil tanker companies witnessed stock price correction. This is a good opportunity to buy some quality names in the sector.
Euronav (EURN)Â is a good company to consider at current valuations. It has corrected by 20.2% for YTD16. The stock has limited downside from these levels but meaningful upside potential.
Coming first to the reason
In the broad energy sector, there have been more losers than gainers.
Oil and gas exploration stocks, onshore and offshore drilling companies and offshore helicopter service providers, among others, have been beaten down in the carnage since the second half of 2014. However, companies in the oil tanker segment have been surging as a result of significant increase in tanker rates since 2014. As oil prices declined, countries have rushed to create strategic oil reserves and this has created strong demand for tankers in the spot market.
This article discusses the medium-term prospects for Euronav (EURN), a crude oil tanker
Euronav (EURN) owns, operates and manages a fleet of vessels that are involved in the storage of crude oil and petroleum products. Euronav's owned and operated fleet consists of 53 double-hulled vessels: one V-Plus, two FSO vessels (both owned in 50%-50% joint venture), 27 VLCCs (of which one is in 50%-50% joint venture) and 23 Suezmax (of which four are in 50%-50% joint venture).
For 1H15, Euronav reported revenue of $421 million, representing an increase of 106% compared to 1H14. For the same period, the company reported EBITDA of $274 million, representing an increase of 299% as compared to 1H14.
Euronav NV (EURN), which owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products worldwide, was listed on the NYSE on January 23, 2015. In this short span of time, the stock has moved higher by 25.7%. However, the rally is not over for the stock and this article will discuss why Euronav still has upside from current levels.
Euronav is an independent tanker company with 27 VLCC vessels with an average age of 6 years, 23 Suezmax vessels with an average age of 10 years, 1 VPLUS vessel
Guru Donald Smith (Trades, Portfolio) is known for investing in companies that have fallen from the public’s favor and are selling at discounted rates, but have strong earning potential. His success at doing what he does may best be measured by his success with the firm he founded in 1980, Donald Smith (Trades, Portfolio) & Co. Thirty years later, it had $3.6 billion under management.
In the first quarter of 2015, Smith had five new buys, but only one had a significant impact on his portfolio.
Smith bought 772,356 shares of RenaissanceRe Holdings Ltd
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