Euronav NV (NASDAQ:EURN) to Issue $0.06 Semiannual Dividend
Euronav NV (NASDAQ:EURN) declared a semiannual dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Tuesday, September 26th will be given a dividend of 0.06 per share by the shipping company on Thursday, October 5th. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, September 25th.
Euronav NV (EURN) traded down 1.32% on Thursday, hitting $7.45. 739,754 shares of the stock traded hands. The firm’s 50 day moving average is $7.80 and its 200 day moving average is $7.84. The stock has a market cap of $1.18 billion and a price-to-earnings ratio of 9.44. Euronav NV has a 52 week low of $6.65 and a 52 week high of $9.51.
Euronav NV (NASDAQ:EURN) last issued its quarterly earnings data on Thursday, August 10th. The shipping company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.11. Equities analysts anticipate that Euronav NV will post $1.88 earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. TheStreet raised shares of Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $8.00 price objective on shares of Euronav NV in a research report on Friday, July 7th. BidaskClub lowered shares of Euronav NV from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Finally, ValuEngine lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.50.
About Euronav NV
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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