Q3 2016 EPS Estimates for Euronav NV Cut by Analyst (EURN)
Euronav NV (NASDAQ:EURN) – Seaport Global Securities lowered their Q3 2016 earnings per share (EPS) estimates for shares of Euronav NV in a research report issued on Tuesday. Seaport Global Securities analyst M. Fyhr now anticipates that the brokerage will post earnings per share of ($0.05) for the quarter, down from their previous forecast of $0.04. Seaport Global Securities also issued estimates for Euronav NV’s Q4 2016 earnings at $0.01 EPS, FY2016 earnings at $0.99 EPS, Q4 2017 earnings at $0.10 EPS and FY2017 earnings at $0.55 EPS.
Other research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “equal weight” rating and issued a $9.50 price target (down previously from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Zacks Investment Research upgraded Euronav NV from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Credit Suisse Group AG restated a “buy” rating and set a $15.00 price objective on shares of Euronav NV in a research note on Friday, August 26th. Deutsche Bank AG restated a “hold” rating on shares of Euronav NV in a research note on Wednesday, July 6th. Finally, Citigroup Inc. cut their price objective on Euronav NV from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.17.
Euronav NV (NASDAQ:EURN) traded down 0.65% during mid-day trading on Thursday, hitting $7.70. The stock had a trading volume of 292,696 shares. Euronav NV has a 12-month low of $7.39 and a 12-month high of $16.23. The stock has a market cap of $1.22 billion and a price-to-earnings ratio of 3.70. The company has a 50-day moving average of $8.42 and a 200-day moving average of $9.42.
Euronav NV (NASDAQ:EURN) last announced its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.13.
Institutional investors have recently bought and sold shares of the stock. Stevens Capital Management LP raised its position in Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock valued at $110,000 after buying an additional 61 shares during the period. Schroder Investment Management Group bought a new position in Euronav NV during the second quarter valued at approximately $105,000. Parametric Portfolio Associates LLC raised its position in Euronav NV by 27.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,724 shares of the company’s stock valued at $135,000 after buying an additional 3,152 shares during the period. Bremer Trust National Association raised its position in Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock valued at $118,000 after buying an additional 495 shares during the period. Finally, KCG Holdings Inc. raised its position in Euronav NV by 166.5% in the second quarter. KCG Holdings Inc. now owns 27,611 shares of the company’s stock valued at $253,000 after buying an additional 17,249 shares during the period.
The business also recently announced a special dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 20th.
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