EURN Stock Recent News
EURN LATEST HEADLINES
Euronav NV (EURN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
The oil tanker companies are parting ways.
A major shareholder disagrees with the premise behind the merger of Frontline Ltd. and Euronav NV. I believe this opposition was expected to an extent and the companies worked around it.
Here is how Euronav NV (EURN) and Swire Pacific (SWRAY) have performed compared to their sector so far this year.
Investing in shipping stocks like Euronav NV (EURN), Teekay Tankers (TNK), International Seaways (INSW) and Scorpio Tankers (STNG) appears prudent at this point in time.
Euronav's planned merger with Frontline will see significant opposition from key shareholder Saverys Group ahead of this week's shareholder meeting. Frontline's NAV outperformance in recent months could also pave the way for renegotiated financial terms.
Euronav NV (EURN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Invest in stocks like MacroGenics (MGNX), NerdWallet (NRDS) & Euronav (EURN) at the moment for superb earnings acceleration.
Euronav NV (NYSE:EURN ) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET Company Participants Brian Gallagher - Head, Investor Relations, Research & Communications Hugo De Stoop - Chief Executive Officer Conference Call Participants Jon Chappell - Evercore ISI Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Chris Wetherbee - Citigroup Frode Morkedal - Clarksons Securities Chris Tsung - Webber Research Thijs Berkelder - ABN AMRO Operator Good day, and welcome to the Euronav Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.
Euronav shareholders will receive 1.45 Frontline shares in a tender planned for Q4 2022. That exchange ratio implies a 3.68% premium to current prices without considering a small possible dividend.