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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Vopak    VPK   NL0009432491

ROYAL VOPAK

(VPK)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 02/24 09:25:07 am
48.15 EUR   -4.12%
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Oil companies cancel IP Week receptions due to coronavirus

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02/14/2020 | 01:10pm EST
FILE PHOTO: A worker checks the temperature of a passenger arriving into Hong Kong International Airport with an infrared thermometer

Oil companies are cancelling their receptions at International Petroleum Week (IP Week) in London at the end of this month as concerns over the spread of coronavirus rise, five traders told Reuters on Friday.

IP Week is a key oil traders' gathering that takes place every year in February. This year, it is scheduled for Feb. 24-27.

"Due to recent global developments concerning the spread of the coronavirus and after careful consideration, we unfortunately had to decide to cancel this year's lunch," Vopak said in a message sent to its clients, seen by Reuters.

Bureau Veritas, a leading oil inspection company, also informed its costumers it had cancelled its annual IP Week reception.

"Due to the exceptional circumstances related to the coronavirus outbreak all businesses have been instructed by management to cancel our annual client function ... in London. It also seems that some of the other planned IP Week events were cancelled yesterday and today," said a message from Bureau Veritas to its costumers, also seen by Reuters.

Oil company BP has cancelled all its IP Week events as well and instructed staff to avoid attending costumer events, two sources familiar with the matter told Reuters.

BP didn't respond to a request for a comment. Bureau Veritas representatives were not available to comment. Vopak did not reply to a Reuters request for comment.

Reuters has reported that several oil companies based in Asia have decided to miss IP Week events this year due to the coronavirus epidemic.

Health authorities on Friday reported more than 5,000 new cases of the virus.

By Olga Yagova and Dmitry Zhdannikov

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -3.60% 437.3 Delayed Quote.-3.83%
BUREAU VERITAS SA -2.82% 24.1 Real-time Quote.6.62%
INTERNATIONAL PETROLEUM CORPORATION -2.69% 4.88 Delayed Quote.-14.69%
LONDON BRENT OIL -1.42% 56.06 Delayed Quote.-10.42%
ROYAL VOPAK -3.72% 48.42 Delayed Quote.3.91%
WTI -1.50% 51.241 Delayed Quote.-12.39%
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Financials (EUR)
Sales 2020 1 268 M
EBIT 2020 559 M
Net income 2020 368 M
Debt 2020 2 449 M
Yield 2020 2,52%
P/E ratio 2020 17,3x
P/E ratio 2021 16,9x
EV / Sales2020 6,99x
EV / Sales2021 6,93x
Capitalization 6 409 M
Chart ROYAL VOPAK
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Technical analysis trends ROYAL VOPAK
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 51,71  €
Last Close Price 50,22  €
Spread / Highest target 11,5%
Spread / Average Target 2,98%
Spread / Lowest Target -10,4%
EPS Revisions
Managers
NameTitle
Eelco M. Hoekstra Chairman-Management Board
Beschier Jacob Noteboom Chairman-Supervisory Board
Frits Eulderink Chief Operating Officer & Member-Management Board
Gerard B. Paulides Chief Financial Officer & Executive Vice President
Leo Brand Director-Information Technology
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