Analysts Set Scorpio Tankers Inc. (NASDAQ:STNG) PT at $6.83
Scorpio Tankers Inc. (NASDAQ:STNG) has earned an average recommendation of “Hold” from the seven research firms that are covering the company. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.83.
STNG has been the topic of several recent research reports. Zacks Investment Research lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. ABN Amro lowered Scorpio Tankers from a “buy” rating to a “sell” rating in a research report on Thursday, June 30th. Deutsche Bank AG reiterated a “buy” rating and set a $9.00 price objective on shares of Scorpio Tankers in a research report on Wednesday, July 6th. Jefferies Group set a $7.00 price objective on Scorpio Tankers and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $4.50 price objective (down from $6.00) on shares of Scorpio Tankers in a research report on Friday, August 26th.
A number of large investors have recently modified their holdings of STNG. IBM Retirement Fund bought a new stake in shares of Scorpio Tankers during the second quarter valued at $108,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Scorpio Tankers during the second quarter valued at $113,000. FDx Advisors Inc. boosted its stake in shares of Scorpio Tankers by 49.9% in the second quarter. FDx Advisors Inc. now owns 30,344 shares of the company’s stock valued at $127,000 after buying an additional 10,105 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Scorpio Tankers during the second quarter valued at $135,000. Finally, Putnam FL Investment Management Co. boosted its stake in shares of Scorpio Tankers by 19.3% in the second quarter. Putnam FL Investment Management Co. now owns 33,695 shares of the company’s stock valued at $142,000 after buying an additional 5,460 shares in the last quarter.
Shares of Scorpio Tankers (NASDAQ:STNG) opened at 4.88 on Wednesday. Scorpio Tankers has a one year low of $4.05 and a one year high of $10.11. The firm has a 50-day moving average price of $4.86 and a 200-day moving average price of $5.22. The company has a market capitalization of $787.54 million and a P/E ratio of 5.60.
Scorpio Tankers (NASDAQ:STNG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by $0.03. The firm earned $137.21 million during the quarter, compared to analysts’ expectations of $146.20 million. The company’s revenue was down 27.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Equities analysts forecast that Scorpio Tankers will post $0.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend was Tuesday, September 13th.
Scorpio Tankers Company Profile
Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.
Receive News & Stock Ratings for Scorpio Tankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers Inc. and related stocks with our FREE daily email newsletter.