Analysts Rating Review: Scorpio Tankers Inc (STNG)

Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Finally, Jefferies Group reiterated a "buy" rating and set a $5.50 target price on shares of Scorpio Tankers in a report on Tuesday, October 31st. BidaskClub upgraded shares of Scorpio Tankers from a "strong sell" rating to a "sell" rating in a report on Friday, August 25th. ABN Amro raised shares of Scorpio Tankers from a hold rating to a buy rating and set a $7.50 price objective for the company in a research report on Wednesday, February 22nd. Analysts mean recommendation for the stock is 1.80. The company now has an average volume of 3.65 Million.

Media headlines about Scorpio Tankers (NYSE:STNG) have been trending somewhat positive this week, according to Accern Sentiment.

STNG has been the topic of several other reports. Narrowing in further, the stock has been recently noted at -16.90% away from the 30 day high and +0.33% separated from the 30 day low. Scorpio Tankers earned a daily sentiment score of 0.09 on Accern's scale. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. Scorpio Tankers has a 52-week low of $2.99 and a 52-week high of $4.93.

Whereas its latest closing price kept its distance from the SMA20 at 5.16% and 0.05% from SMA 50 while it was knocked up -0.42% from the simple moving average price of 200 days. The company has market cap of $2.11 billion. Scorpio Tankers (NASDAQ:STNG) last released its earnings results on Thursday, April 27th.

BANK OF NEW YORK MELLON CORP lowered its stake in Athene Holding Ltd. (NYSE:ATH) by 1.82% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Scorpio Tankers Inc (NYSE:STNG)'s revenue estimates for the current quarter are $154.26 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $174.4 Million in contradiction of low revenue estimates of $142.4 Million. Scorpio Tankers had a negative net margin of 9.39% and a negative return on equity of 3.53%. Scorpio Tankers's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. They expect $0.55 EPS, up 14.58% or $0.07 from last year's $0.48 per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.01 per share. The shipping company reported ($0.15) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.11) by ($0.04).

The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq. The Portolan Capital Management Llc holds 2.18 million shares with $8.65 million value, down from 2.55M last quarter. Jane Street Group LLC purchased a new stake in shares of Scorpio Tankers during the first quarter valued at $129,000. The co's performance for 6 months was moved down of -22.28%, 1-year performance stands at -33.18% and year to date showing reduced performance of -33.77%.

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the worldwide shipping markets.

Related Articles

  • Day care in downtown Miami closes after deaths of 2 children

    Day care in downtown Miami closes after deaths of 2 children

    The cause of death has also not been determined for the second child, and it is not yet known if the child had meningitis. Both of the children attended the YWCA Carol Glassman Donaldson Center Daycare, according to our NBC affiliate in Miami .

    Hot Stocks Among Investors: Micron Technology, Inc. (MU), Gevo, Inc. (GEVO)

    QUANTRES ASSET MANAGEMENT Ltd's holdings in Micron Technology were worth $838,000 as of its most recent filing with the SEC. Shine Investment Advisory Services Inc. bought a new stake in Micron Technology in the second quarter worth about $141,000.
    Amit Shah condemns Congress' desperate attempts to defame PM Modi

    Amit Shah condemns Congress' desperate attempts to defame PM Modi

    Modi had insinuated that his predecessor had colluded with Pakistan for BJP's defeat at the polls. He said, "Amused to see the Congress party so desperate before the Gujarat elections".
  • Man United 'far more boring' under Mourinho, says LVG

    Man United 'far more boring' under Mourinho, says LVG

    The Dutchman admits he still bears a grudge towards United chief executive Ed Woodward over the manner of his dismissal. I think Jose has done a very good job over the last 18 months but his biggest problem is the way City are playing.
    Analyst's Trends to observe: Workday, Inc. (WDAY)

    Analyst's Trends to observe: Workday, Inc. (WDAY)

    The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . The Average Earnings Estimate for the Current Fiscal quarter is $-0.01 per share, according to consensus of 35 analysts.
    The Nokia 9 And Nokia 6 Both Could Launch In January

    The Nokia 9 And Nokia 6 Both Could Launch In January

    CES 2018 is just a few weeks away, we may get to see some glimpses of these upcoming Nokia based smartphones from HMD Global . A smartphone model, TA-1054, which is touted to be the Nokia 6 (2018 ), recently passed TENAA certification in China.
  • Adrian Peterson May Not Return This Season

    Adrian Peterson May Not Return This Season

    Peterson's neck injury won't require surgery, but it only adds his plethora of missed games throughout his career. Coach Bruce Arians said he has " no idea " if Adrian Peterson (neck) will play again this season.

    Axiom International Investors LLC DE Raises Holdings in YPF Sociedad Anonima (YPF)

    ValuEngine raised shares of YPF Sociedad Anonima from a "sell" rating to a "hold" rating in a report on Thursday, August 17th. Mckinley Cap Mngmt Ltd Liability Co Delaware accumulated 45,938 shares. 21,259 were reported by Whittier Co Of Nevada.
    'Sheep' steals baby Jesus, 'Mary' rescues him in Christmas performance

    'Sheep' steals baby Jesus, 'Mary' rescues him in Christmas performance

    An adorable Nativity scene in an East Tennessee church took a hilarious turn when the little girl playing a sheep chose to play with baby Jesus.
  • Burger King employee praised for helping diabetic customer

    Burger King employee praised for helping diabetic customer

    Rebecca Boening, 61, said she was driving on the interstate when her blood sugar dropped to a risky level. As of December 13, the post has been liked more than 524,000 times and shared more than 221,4000 times.
    Two Reuters journalists arrested in Myanmar: government spokesman

    Two Reuters journalists arrested in Myanmar: government spokesman

    A lawyer involved in the case told the BBC that the reporters could face 14 years in prison. Several Myanmar reporters have been arrested in recent months.

    Investec Asset Management LTD Reduces Position in eBay Inc. (NASDAQ:EBAY)

    Following the completion of the sale, the vice president now owns 33,604 shares of the company's stock, valued at $1,128,086.28. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of eBay by 8.3% in the 3rd quarter.