Euronav NV Price, Forecast, Insider, Ratings, Fundamentals & Signals

Frontline plc. will host an investor presentation in relation with the announcement «fully funded acquisition of 24 modern vlccs from euronav nv» today, monday october 9, 2023. a webcast and conference call will be held today at 3:00 p.m. cet (9:00 a.m. u.s. eastern time). the presentation will be available for download from the investor relations section at www.frontlineplc.cy ahead of the conference call.

Frontline plc (“frontline”) (nyse and ose: fro), today announced that as an integrated solution to the strategic and structural deadlock in euronav nv (“euronav”), frontline has entered into agreements with euronav to acquire a high-quality eco fleet of 24 vlccs with an average age of 5.3 years, for an aggregate purchase price of usd 2,350 million (the “acquisition”). the acquisition is fully funded through the sale of frontline's shares in euronav to cmb nv (“cmb”) and an attractive debt package as described below.

With reference to the stock announcement by euronav bv (“euronav”) on 5 october 2023, frontline plc (“frontline” or the “company”) confirms that frontline, cmb nv (“cmb”) and euronav, are in discussions on an integrated solution to the strategic and structural deadlock in euronav. the potential transaction, which is subject to board approval and documentation, comprises the following interdependent elements: frontline would acquire a modern fleet of 24 vlcc tankers from the euronav fleet for $2.35 billion, subject to completion of the below-mentioned share purchase and to approval by shareholders voting at a special general meeting of euronav.

Large Cap Value is a value ranking for large cap stocks that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on criteria such as sales, earnings, and dividend payments. 54 out of 65 All-Star-Value Dividend stocks offer annual dividends that exceed their price per share.

Large Cap Value ranking from YCharts identifies stocks with low prices relative to their assets and profits. Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based on Graham's book "The Intelligent Investor". 57 out of 68 All-Star-Value Dividend stocks offer annual dividends exceeding their price per share.

Euronav NV (EURN) Q4 2023 Earnings Call Transcript

Large Cap Value is a value ranking strategy that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on a screen in Graham's book, "The Intelligent Investor." 56 out of 71 All-Star-Value Dividend stocks offer annual dividends exceeding their price per share.

The Tanker industry has seen a resurgence in recent months due to geopolitical events and rising oil prices. Euronav NV has a takeover bid from its largest shareholder, CMB. Frontline plc is acquiring 24 VLCCs from Euronav NV and is poised to benefit from the transaction.

“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 68 November Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 58 met the dogcatcher-Notorious-ideal of dividends from $1K invested exceeding their single-share-stock-prices. Representing eight-of-eleven Morningstar Sectors, all 58 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.29%-81.03%, topped by SBSW & SQM, as-of 10/23/23.

Oil tankers as a group sailed to a strong rally during the two years between November 2020 and November 2022. Stocks in the industry corrected throughout much of this year, but are close to breaking out of a shallow decline.

“Value ranking, looks at the price of a stock relative to. intrinsic firm value. Graham Value Stocks match the criteria . Benjamin Graham followed. “—YCharts Value Screener. 66 August Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 56 met the dogcatcher-outrageous-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 56 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 33.15%-84.12%, topped by PDM & SQM, as-of 9/22/23.

“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." —YCharts Value Screener. 69 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 55 met the dogcatcher ridiculous ideal of dividends from $1K invested exceeding single share stock prices. Representing nine of eleven Morningstar Sectors, all 55 ideal value picks pay regular dividends. Broker target top ten net gains ranged 31.64%-73.39%, topped by PDM & PANL, as of 8/24/23.

“Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 70 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 59 met our absurd ideal of dividends from $1K invested exceeding single share stock prices. Representing nine-of-eleven Morningstar Sectors, all 59 ideal value picks pay regular dividends. Broker-target-top-ten net gains ranged 27.38%-55.94%, topped by PDM & TRMD, as of 8/1/23.