With a post-IPO lock-up period now ended, however, its stock may experience some volatility should major investors take profit, analysts say.
New York-listed Euronav is tipped to record a bottom line gain of $83m in the three months to the end of June, according to consensus figures circulated by Arctic Securities this morning.
“With the last Maersk vessel delivered, Euronav has been able to take full advantage of the strong market with VLs averaging north of $50,000 per day,” said analyst Erik Nikolai Stavseth, who is predicting a gain of $87m for the quarter.
