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.

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