The Euronav NV (EURN) Expected to Post Q3 2016 Earnings of ($0.05) Per Share

The Euronav NV (EURN) Expected to Post Q3 2016 Earnings of ($0.05) Per Share

Euronav NV (NASDAQ:EURN) – Equities research analysts at Seaport Global Securities dropped their Q3 2016 earnings per share (EPS) estimates for Euronav NV in a research note issued on Tuesday. Seaport Global Securities analyst M. Fyhr now expects that the brokerage 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.

Other equities analysts have also recently issued reports about the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $11.00 price objective on shares of Euronav NV in a research report on Sunday, August 28th. Wells Fargo & Co. reissued a “buy” rating on shares of Euronav NV in a research report on Tuesday, September 27th. Credit Suisse Group AG reissued a “buy” rating and issued a $15.00 target price on shares of Euronav NV in a research report on Friday, August 26th. Morgan Stanley reissued an “equal weight” rating and issued a $9.50 target price (down previously from $11.00) on shares of Euronav NV in a research report on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Euronav NV in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.17.

Shares of Euronav NV (NASDAQ:EURN) opened at 7.90 on Thursday. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 3.80. Euronav NV has a one year low of $7.39 and a one year high of $16.23. The firm’s 50-day moving average is $8.35 and its 200-day moving average is $9.40.

Euronav NV (NASDAQ:EURN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.13.

The firm also recently announced a special dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.

Several large investors have recently made changes to their positions in EURN. Bremer Trust National Association boosted 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 worth $118,000 after buying an additional 495 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Euronav NV by 733.3% in the second quarter. Royal Bank of Canada now owns 176,093 shares of the company’s stock worth $1,614,000 after buying an additional 154,961 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Euronav NV during the second quarter worth about $963,000. Stifel Financial Corp acquired a new stake in shares of Euronav NV during the second quarter worth about $552,000. Finally, American Century Companies Inc. boosted its stake in shares of Euronav NV by 4.7% in the second quarter. American Century Companies Inc. now owns 432,845 shares of the company’s stock worth $3,969,000 after buying an additional 19,532 shares during the last quarter.

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