[Request ๐Ÿ‘‹] Euronav NV (EURN)

Ticker symbol EURN, listed on the NYSE.

https://finance.yahoo.com/quote/EURN?p=EURN&.tsrc=fin-srch

https://seekingalpha.com/symbol/EURN?s=eurn

Current price is 9.21$, sitting low on its 52 week range.

Beta sits extremely low, at 0.18, even though thereโ€™s been quite the movement of the share price this past quarter, so take the beta ratio with as much salt as necessary :blush:

Bare in mind this is a tanker stock, they make their money with an almost even split between spotting and transporting, so the current situation plays in their favour. Some analysts believe they will cover their costs for the next couple of years through their performance so far in 2020. If theyโ€™re making their market cap in 6 months, then yeah, probably.

The company has recently transitioned from semi-annually to quarterly distribution of their lucrative, double digit dividend. If you held the stock through other platforms you would have gotten a nice little bonus this quarter, as the previous semi-annual and the current quarterly dividend were distributed almost in tandem.

They own and operate their FPSOs (Floating Production, Storage & Ofloading), VLCCs (Very Large Crude Carrier) and their Panamaxes, as well as smaller vessels.

(Make this ISA-able please :wink: )

As always, DYOR (Do Your Own Research).