Research Analysts Issue Forecasts for Euronav NV’s Q4 2019 Earnings (NYSE:EURN)

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Euronav NV (NYSE:EURN) – Equities research analysts at Jefferies Financial Group dropped their Q4 2019 earnings estimates for shares of Euronav in a report issued on Thursday, August 8th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.05. Jefferies Financial Group also issued estimates for Euronav’s FY2020 earnings at $0.46 EPS.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI reiterated a “buy” rating and issued a $16.00 target price on shares of Euronav in a report on Monday. Zacks Investment Research upgraded Euronav from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine cut Euronav from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Euronav currently has a consensus rating of “Buy” and an average price target of $11.86.

Shares of NYSE:EURN opened at $7.54 on Monday. Euronav has a one year low of $6.77 and a one year high of $10.22. The business’s 50 day simple moving average is $8.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.29. The firm has a market cap of $1.71 billion, a PE ratio of -11.60 and a beta of 0.96.

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Euronav in the 4th quarter valued at $30,706,000. MARSHALL WACE ASIA Ltd lifted its stake in Euronav by 12.8% during the first quarter. MARSHALL WACE ASIA Ltd now owns 2,718,735 shares of the shipping company’s stock valued at $22,158,000 after purchasing an additional 308,432 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Euronav by 1.6% during the second quarter. Deprince Race & Zollo Inc. now owns 2,176,450 shares of the shipping company’s stock valued at $20,546,000 after purchasing an additional 34,812 shares during the last quarter. Deutsche Bank AG lifted its stake in Euronav by 29.8% during the fourth quarter. Deutsche Bank AG now owns 1,987,696 shares of the shipping company’s stock valued at $13,773,000 after purchasing an additional 456,406 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Euronav by 249.5% during the second quarter. Renaissance Technologies LLC now owns 1,615,704 shares of the shipping company’s stock valued at $15,202,000 after purchasing an additional 1,153,365 shares during the last quarter. Institutional investors own 29.93% of the company’s stock.

About Euronav

Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.

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Earnings History and Estimates for Euronav (NYSE:EURN)

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