Euronav NV (eurn) to Issue Dividend of $0.22
Euronav NV (NASDAQ:eurn) declared a dividend on Wednesday, May 3rd. Investors of record on Tuesday, May 23rd will be paid a dividend of 0.22 per share by the shipping company on Wednesday, May 31st. The ex-dividend date of this dividend is Monday, May 22nd.
Shares of Euronav NV (NASDAQ:EURN) traded up 1.92% during trading on Wednesday, reaching $7.95. 217,943 shares of the company were exchanged. Euronav NV has a 1-year low of $6.65 and a 1-year high of $10.90. The company has a market capitalization of $1.26 billion and a price-to-earnings ratio of 10.08. The stock’s 50 day moving average is $7.92 and its 200 day moving average is $7.83.
Euronav NV (NASDAQ:EURN) last released its quarterly earnings data on Wednesday, April 26th. The shipping company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $164.16 million for the quarter, compared to the consensus estimate of $153.13 million. Equities analysts anticipate that Euronav NV will post $1.88 earnings per share for the current year.
Several research firms have commented on EURN. Credit Suisse Group AG reiterated an “outperform” rating on shares of Euronav NV in a research report on Wednesday, February 22nd. Zacks Investment Research raised shares of Euronav NV from a “strong sell” rating to a “hold” rating in a research note on Monday, March 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $10.13.
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Several large investors have recently made changes to their positions in EURN. Parametric Portfolio Associates LLC increased its stake in shares of Euronav NV by 88.2% in the first quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock valued at $223,000 after buying an additional 13,247 shares in the last quarter. Morgan Stanley increased its stake in shares of Euronav NV by 2.9% in the first quarter. Morgan Stanley now owns 524,025 shares of the shipping company’s stock valued at $4,140,000 after buying an additional 14,688 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Euronav NV during the first quarter valued at $233,000. Renaissance Technologies LLC purchased a new stake in shares of Euronav NV during the first quarter valued at $285,000. Finally, Vanguard Group Inc. increased its stake in shares of Euronav NV by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,671,573 shares of the shipping company’s stock valued at $21,105,000 after buying an additional 91,190 shares in the last quarter.
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