EURN News and Press, Euronav NV From 05/12/22

The following slide deck was published by Euronav NV in conjunction with their 2022 Q1 earnings call. For further details see: Euronav NV 2022 Q1 - Results - Earnings Call Presentation

Euronav (NYSE:EURN) falls more than 3% in European trading on Thursday after reporting a Q1 loss of $0.22/share, lighter than analyst expectations of a $0.26/share loss, on revenues of $114M. Euronav (EURN) said Q1 EBITDA totaled $42.9M, compared with $33.1M in the year-earlier quarter, helpe...

Euronav (NYSE:EURN) is scheduled to announce Q1 earnings results on Thursday, May 12th, before market open. The consensus EPS Estimate is -$0.30 (+14.3% Y/Y) and the consensus Revenue Estimate is $98.34M (-13.3% Y/Y). Over the last 3 months, EPS estimates have seen 2 upward revisions and 1 do...

Prominent shipping analyst downgraded EURN from Buy to Hold. Quarterly earnings estimated to be a loss on May 12th, their fifth quarterly loss in a row. VLCC spot tanker rates mired in negative territory. High oil prices will hurt demand, and IEA's strategic oil reserve drawdo...

Euronav (NYSE:EURN) +2.2% on Wednesday even after Jefferies downgraded shares to Hold from Buy with a $12 price target, cut from $13, as tanker and shipping stocks are rallying on reports that Russia will halt gas flows to Poland and Bulgaria, as tankers will be needed to ship incremental gas...

ZIM (ZIM) has been a star performer since the Company's public listing in early 2021, EBITDA grew by more than 6x from Q4 2020 to Q4 2021; however, the Company has been dragged lower by shipping-related weakness. Shares fell over 5% Monday, as China supply fears took peers Star Bulk (SBLK), E...

The S&P 500 energy sector (NYSEARCA:XLE) jumped 3.2% for the week even as crude oil futures fell, as several countries joined the U.S. in releasing crude reserves. WTI crude for May delivery (CL1:COM) closed the week -1% at $98.26/bbl, a modest move in light of the commitment by member na...

Gainers: Borr Drilling (BORR) +13%. Frontline (FRO) +12%. Ardmore Shipping (ASC) +11%. Euronav (EURN) +10%. Berry (BRY) +9%. Losers: Advent Technologies Holdings (ADN) -11%. Lithium Americas (LAC) -10%. Arcadia Biosciences (RKDA) -10%. American Resources (AREC) -6%. Nine Energy Serv...

Shares of ocean-going oil tanker company Frontline (NYSE: FRO) surged ahead Friday, up 12.3% as of 12:55 p.m. ET, after it announced this morning that it plans to merge with Belgian rival Euronav NV (NYSE: EURN) in a $4.2 billion transaction. Although this really loo...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Momentus (NASDAQ: MNTS ) stock is rocketing higher on Thursday and it’s thanks to a new deal with Elon Musk’s SpaceX . Source: L Galbraith / Shutterstock.com This deal covers multiple launch ag...