Euronav NV (NASDAQ:eurn) declared a dividend on Wednesday, May 3rd, NASDAQ reports. Investors of record on Tuesday, May 23rd will be given a dividend of 0.22 per share by the shipping company on Wednesday, May 31st. The ex-dividend date of this dividend is Monday, May 22nd.
Euronav NV (NASDAQ EURN) traded up 0.69% during trading on Friday, reaching $7.25. 571,741 shares of the company traded hands. The company’s 50-day moving average price is $7.65 and its 200 day moving average price is $7.84. Euronav NV has a 52 week low of $6.65 and a 52 week high of $9.68. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of 9.19.
Euronav NV (NASDAQ:EURN) last released its quarterly earnings results on Wednesday, April 26th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $164.16 million for the quarter, compared to the consensus estimate of $153.13 million. On average, equities research analysts expect that Euronav NV will post $1.88 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Euronav NV during the first quarter worth about $285,000. Morgan Stanley increased its position in shares of Euronav NV by 2.9% in the first quarter. Morgan Stanley now owns 524,025 shares of the shipping company’s stock worth $4,140,000 after buying an additional 14,688 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Euronav NV during the first quarter worth about $233,000. Vanguard Group Inc. increased its position in shares of Euronav NV by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,671,573 shares of the shipping company’s stock worth $21,105,000 after buying an additional 91,190 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Euronav NV by 88.2% in the first quarter. Parametric Portfolio Associates LLC now owns 28,265 shares of the shipping company’s stock worth $223,000 after buying an additional 13,247 shares during the period.
EURN has been the subject of a number of recent research reports. Credit Suisse Group restated an “outperform” rating on shares of Euronav NV in a research note on Wednesday, February 22nd. Zacks Investment Research upgraded Euronav NV from a “strong sell” rating to a “hold” rating in a research note on Monday, March 13th. Finally, ValuEngine downgraded Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.13.
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