Euronav NV (NYSE:EURN) – Equities research analysts at Seaport Global Securities decreased their Q1 2018 earnings estimates for shares of Euronav in a research note issued on Thursday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings per share of ($0.29) for the quarter, down from their prior forecast of ($0.10). Seaport Global Securities also issued estimates for Euronav’s Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.20) EPS and FY2018 earnings at ($0.68) EPS.
A number of other analysts also recently commented on EURN. UBS Group boosted their price objective on Euronav from $8.75 to $9.25 and gave the stock a “neutral” rating in a research note on Friday. Zacks Investment Research downgraded Euronav from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. TheStreet downgraded Euronav from a “c-” rating to a “d+” rating in a research note on Tuesday, November 14th. ValuEngine raised Euronav from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus set a $8.00 price objective on Euronav and gave the stock a “hold” rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.19.
Euronav (NYSE:EURN) last posted its quarterly earnings data on Tuesday, October 31st. The shipping company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.07. Euronav had a return on equity of 0.49% and a net margin of 5.90%.
Several institutional investors have recently made changes to their positions in EURN. Lasry Marc acquired a new stake in shares of Euronav during the third quarter worth $14,203,000. Dimensional Fund Advisors LP raised its position in shares of Euronav by 20.3% during the third quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock worth $773,000 after purchasing an additional 16,120 shares during the period. FNY Partners Fund LP raised its position in shares of Euronav by 6.3% during the fourth quarter. FNY Partners Fund LP now owns 251,894 shares of the shipping company’s stock worth $2,330,000 after purchasing an additional 15,000 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Euronav by 5.3% during the third quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after purchasing an additional 10,072 shares during the period. 22.69% of the stock is currently owned by institutional investors.
Euronav Company Profile
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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