Q3 2016 EPS Estimates for Euronav NV Cut by Analyst (EURN)
Euronav NV (NASDAQ:EURN) – Stock analysts at Seaport Global Securities cut their Q3 2016 earnings per share estimates for Euronav NV in a report released on Tuesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will earn ($0.05) per share for the quarter, down from their previous estimate 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.
Euronav NV (NASDAQ:EURN) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.13.
Other equities research analysts have also issued reports about the stock. Morgan Stanley reissued an “equal weight” rating and issued a $9.50 target price (down from $11.00) on shares of Euronav NV in a report on Thursday, August 25th. Zacks Investment Research raised shares of Euronav NV from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Credit Suisse Group AG reissued a “buy” rating and issued a $15.00 target price on shares of Euronav NV in a report on Friday, August 26th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Euronav NV in a report on Wednesday, July 6th. Finally, Citigroup Inc. cut their price objective on shares of Euronav NV from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.17.
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Euronav NV (NASDAQ:EURN) traded down 0.65% during midday trading on Thursday, reaching $7.70. 292,696 shares of the company were exchanged. The firm has a market capitalization of $1.22 billion and a PE 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 has a 52 week low of $7.39 and a 52 week high of $16.23.
The business also recently disclosed a special dividend, which was paid on Friday, September 30th. Shareholders 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.
A number of large investors have recently made changes to their positions in EURN. 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 worth $110,000 after buying an additional 61 shares during the period. Schroder Investment Management Group acquired a new position in Euronav NV during the second quarter worth $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 worth $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 worth $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 worth $253,000 after buying an additional 17,249 shares during the period.
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