Euronav NV to Post Q4 2018 Earnings of $0.02 Per Share, Seaport Global Securities Forecasts (EURN)
Euronav NV (NYSE:EURN) – Equities researchers at Seaport Global Securities cut their Q4 2018 earnings per share (EPS) estimates for shares of Euronav in a report released on Thursday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will post earnings of $0.02 per share for the quarter, down from their previous forecast 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.
Several other equities research analysts have also recently commented on the company. Stifel Nicolaus set a $9.00 price objective on Euronav and gave the company a “hold” rating in a research report on Friday, December 22nd. Deutsche Bank set a $10.00 price objective on Euronav and gave the company a “buy” rating in a research report on Thursday, December 21st. TheStreet cut Euronav from a “c-” rating to a “d+” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub raised Euronav from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.17.
Euronav (NYSE:EURN) traded down $0.10 during trading on Monday, hitting $9.00. The company had a trading volume of 991,812 shares, compared to its average volume of 1,042,450. Euronav has a 12 month low of $6.90 and a 12 month high of $9.65. The stock has a market capitalization of $1,450.00 and a PE ratio of 43.34.
A number of hedge funds have recently bought and sold shares of the business. Lasry Marc bought a new position in Euronav in the third quarter valued at about $14,203,000. Allianz Asset Management GmbH lifted its holdings in Euronav by 5.3% in the third quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock valued at $1,649,000 after acquiring an additional 10,072 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Euronav by 20.3% in the third quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock valued at $773,000 after acquiring an additional 16,120 shares during the period. 22.69% of the stock is currently owned by institutional investors.
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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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