Equities research analysts forecast that Euronav NV (NYSE:EURN) will report $117.80 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Euronav’s earnings, with the lowest sales estimate coming in at $103.98 million and the highest estimate coming in at $135.45 million. Euronav posted sales of $104.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.4%. The company is expected to announce its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Euronav will report full-year sales of $433.80 million for the current fiscal year, with estimates ranging from $398.00 million to $453.97 million. For the next fiscal year, analysts anticipate that the business will post sales of $675.48 million, with estimates ranging from $603.81 million to $779.75 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Euronav.

Euronav (NYSE:EURN) last announced its earnings results on Thursday, August 9th. The shipping company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.05. The business had revenue of $78.14 million for the quarter, compared to the consensus estimate of $65.60 million. Euronav had a negative return on equity of 6.82% and a negative net margin of 14.17%.

Several brokerages have recently commented on EURN. Zacks Investment Research raised Euronav from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday. Pareto Securities raised Euronav from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Wells Fargo & Co reduced their target price on Euronav from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, August 14th. BTIG Research began coverage on Euronav in a report on Thursday, September 27th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Euronav from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $10.31.

Shares of EURN traded down $0.10 on Monday, hitting $9.07. The company’s stock had a trading volume of 22,679 shares, compared to its average volume of 575,958. The company has a market capitalization of $1.39 billion, a P/E ratio of -100.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 1.49. Euronav has a fifty-two week low of $7.50 and a fifty-two week high of $10.10.

A number of large investors have recently bought and sold shares of EURN. BlueMountain Capital Management LLC bought a new stake in shares of Euronav during the 2nd quarter valued at $52,471,000. FMR LLC raised its position in shares of Euronav by 43.5% during the 2nd quarter. FMR LLC now owns 4,357,144 shares of the shipping company’s stock valued at $40,053,000 after acquiring an additional 1,320,660 shares during the last quarter. BlackRock Inc. raised its position in shares of Euronav by 1,003,395.9% during the 2nd quarter. BlackRock Inc. now owns 3,883,529 shares of the shipping company’s stock valued at $35,729,000 after acquiring an additional 3,883,142 shares during the last quarter. Marshall Wace LLP raised its position in shares of Euronav by 1,778.4% during the 2nd quarter. Marshall Wace LLP now owns 987,658 shares of the shipping company’s stock valued at $9,077,000 after acquiring an additional 935,077 shares during the last quarter. Finally, GAM Holding AG raised its position in shares of Euronav by 1,107.0% during the 2nd quarter. GAM Holding AG now owns 653,239 shares of the shipping company’s stock valued at $6,010,000 after acquiring an additional 599,119 shares during the last quarter. 44.97% of the stock is currently owned by hedge funds and other institutional investors.

About Euronav

Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

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