Seaport Global Securities Brokers Decrease Earnings Estimates for Euronav NV (EURN)
Euronav NV (NASDAQ:EURN) – Seaport Global Securities dropped their Q1 2017 EPS estimates for shares of Euronav NV in a report released on Tuesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will earn $0.15 per share for the quarter, down from their previous forecast of $0.23. Seaport Global Securities also issued estimates for Euronav NV’s Q2 2017 earnings at $0.16 EPS and Q3 2017 earnings at $0.15 EPS.
Euronav NV (NASDAQ:EURN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.38 by $0.13.
Several other analysts have also recently commented on EURN. Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 price objective on shares of Euronav NV in a research note on Friday, August 26th. Zacks Investment Research downgraded shares of Euronav NV from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $9.50 target price (down from $11.00) on shares of Euronav NV in a report on Thursday, August 25th. Citigroup Inc. restated a “buy” rating and set a $9.00 target price (down from $11.00) on shares of Euronav NV in a report on Saturday, October 8th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Euronav NV in a report on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $11.17.
Shares of Euronav NV (NASDAQ:EURN) remained flat at $7.75 during trading on Wednesday. The company had a trading volume of 752,098 shares. The firm’s 50-day moving average price is $8.42 and its 200 day moving average price is $9.42. The company has a market cap of $1.23 billion and a price-to-earnings ratio of 3.73. Euronav NV has a 52 week low of $7.39 and a 52 week high of $16.23.
The company also recently declared 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.
Several large investors have recently modified their holdings of EURN. Stevens Capital Management LP increased its stake in shares of Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock worth $110,000 after buying an additional 61 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Euronav NV during the second quarter worth approximately $105,000. Parametric Portfolio Associates LLC increased its stake in shares of Euronav NV by 27.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,724 shares of the company’s stock worth $135,000 after buying an additional 3,152 shares during the period. Bremer Trust National Association increased its stake in shares of Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock worth $118,000 after buying an additional 495 shares during the period. Finally, KCG Holdings Inc. increased its stake in shares of Euronav NV by 166.5% in the second quarter. KCG Holdings Inc. now owns 27,611 shares of the company’s stock worth $253,000 after buying an additional 17,249 shares during the period.
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