Q3 2018 EPS Estimates for Euronav NV (EURN) Raised by Analyst
Euronav NV (NASDAQ:EURN) – Equities researchers at Seaport Global Securities increased their Q3 2018 earnings per share estimates for shares of Euronav NV in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.02.
A number of other brokerages also recently issued reports on EURN. Zacks Investment Research downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub downgraded shares of Euronav NV from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. ValuEngine downgraded shares of Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $8.00 price target on shares of Euronav NV in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.50.
Shares of Euronav NV (EURN) opened at 7.20 on Monday. The firm has a 50-day moving average of $7.80 and a 200 day moving average of $7.83. The stock has a market capitalization of $1.14 billion and a PE ratio of 18.85. Euronav NV has a 52-week low of $6.65 and a 52-week high of $9.51.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 25th. This represents a dividend yield of 1.61%.
Several hedge funds have recently modified their holdings of EURN. DekaBank Deutsche Girozentrale bought a new stake in shares of Euronav NV during the second quarter valued at $8,403,000. FMR LLC increased its stake in shares of Euronav NV by 45.3% in the first quarter. FMR LLC now owns 3,083,015 shares of the shipping company’s stock valued at $24,658,000 after buying an additional 961,865 shares in the last quarter. Doheny Asset Management CA increased its stake in shares of Euronav NV by 161.3% in the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock valued at $8,835,000 after buying an additional 690,370 shares in the last quarter. City Financial Investment Co Ltd bought a new stake in shares of Euronav NV during the first quarter valued at $5,066,000. Finally, Lingohr & Partner Asset Management GmbH increased its stake in shares of Euronav NV by 25.8% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,640,365 shares of the shipping company’s stock valued at $12,959,000 after buying an additional 336,932 shares in the last quarter.
About Euronav NV
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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