Euronav NV (NYSE:EURN) – Equities researchers at Seaport Global Securities cut their Q4 2018 earnings estimates for shares of Euronav in a research report issued on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will earn $0.02 per share for the quarter, down from their prior estimate of $0.06. Seaport Global Securities also issued estimates for Euronav’s Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.13 EPS.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. BidaskClub upgraded shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Stifel Nicolaus set a $9.00 price objective on shares of Euronav and gave the company a “hold” rating in a report on Friday, December 22nd. Deutsche Bank set a $10.00 price objective on shares of Euronav and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, TheStreet lowered shares of Euronav from a “c-” rating to a “d+” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.19.
Shares of Euronav (NYSE EURN) traded up $0.25 during midday trading on Monday, reaching $8.65. 214,378 shares of the company were exchanged, compared to its average volume of 872,438. The company has a market cap of $1,401.04, a price-to-earnings ratio of 40.00 and a beta of 0.78. Euronav has a 1-year low of $6.90 and a 1-year high of $9.65.
Euronav (NYSE:EURN) last issued its quarterly earnings data on Tuesday, October 31st. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. Euronav had a net margin of 5.90% and a return on equity of 0.49%.
A number of institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its holdings in Euronav by 5.3% during the 3rd 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 last quarter. FNY Partners Fund LP raised its holdings in Euronav by 6.3% during the 4th 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Euronav by 20.3% during the 3rd 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 last quarter. Finally, Lasry Marc bought a new position in Euronav during the 3rd quarter worth approximately $14,203,000. Hedge funds and other institutional investors own 21.76% of the company’s stock.
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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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