Euronav NV (EURN) Forecasted to Earn Q1 2017 Earnings of $0.15 Per Share
Euronav NV (NASDAQ:EURN) – Investment analysts at Seaport Global Securities lowered their Q1 2017 earnings per share estimates for shares of Euronav NV in a research report issued on Tuesday. Seaport Global Securities analyst M. Fyhr now expects that the firm will earn $0.15 per share for the quarter, down from their previous estimate 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 released its quarterly earnings data 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.
EURN has been the topic of several other reports. Wells Fargo & Co. reissued an “outperform” rating on shares of Euronav NV in a research note on Friday, August 26th. Citigroup Inc. cut their target price on shares of Euronav NV from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Credit Suisse Group AG reissued a “buy” rating and set a $15.00 target price on shares of Euronav NV in a research note on Friday, August 26th. Morgan Stanley reissued an “equal weight” rating and set a $9.50 target price (down from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Euronav NV in a research note on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $11.17.
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Shares of Euronav NV (NASDAQ:EURN) traded down 2.50% during mid-day trading on Wednesday, hitting $7.80. 508,128 shares of the company traded hands. Euronav NV has a one year low of $7.39 and a one year high of $16.23. The stock has a market capitalization of $1.23 billion and a price-to-earnings ratio of 3.75. The firm has a 50-day moving average of $8.46 and a 200-day moving average of $9.43.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new position in Euronav NV during the second quarter worth $105,000. 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 valued at $110,000 after buying an additional 61 shares in the last quarter. 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 valued at $118,000 after buying an additional 495 shares in the last quarter. 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 valued at $135,000 after buying an additional 3,152 shares in the last quarter. 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 valued at $253,000 after buying an additional 17,249 shares in the last quarter.
The firm also recently disclosed a special dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.
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