Scorpio Tankers Inc. (STNG) Given Consensus Rating of “Buy” by Analysts
Scorpio Tankers Inc. (NYSE:STNG) has received an average rating of “Buy” from the nine analysts that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.80.
Several research firms have commented on STNG. ABN Amro upgraded Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Deutsche Bank AG restated a “buy” rating and issued a $9.00 target price on shares of Scorpio Tankers in a research note on Monday, August 1st.
Shares of Scorpio Tankers (NYSE:STNG) traded down 1.61% during mid-day trading on Monday, reaching $4.29. 1,646,225 shares of the company were exchanged. The firm has a market capitalization of $692.32 million, a price-to-earnings ratio of 4.92 and a beta of 1.96. The company’s 50-day moving average is $4.78 and its 200 day moving average is $5.18. Scorpio Tankers has a 12 month low of $4.05 and a 12 month high of $9.76.
Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Scorpio Tankers by 9.6% in the first quarter. Wellington Management Group LLP now owns 17,409,431 shares of the company’s stock valued at $101,497,000 after buying an additional 1,524,120 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Scorpio Tankers by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,683,394 shares of the company’s stock valued at $15,644,000 after buying an additional 31,050 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Scorpio Tankers by 3.4% in the first quarter. Royce & Associates LP now owns 1,528,326 shares of the company’s stock valued at $8,910,000 after buying an additional 50,000 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Scorpio Tankers by 125.5% in the first quarter. Prudential Financial Inc. now owns 710,182 shares of the company’s stock valued at $4,140,000 after buying an additional 395,300 shares during the last quarter. Finally, HBK Investments L P boosted its stake in shares of Scorpio Tankers by 1,821.1% in the first quarter. HBK Investments L P now owns 445,700 shares of the company’s stock valued at $2,598,000 after buying an additional 422,500 shares during the last quarter. Hedge funds and other institutional investors own 81.44% of the company’s stock.
Scorpio Tankers Company Profile
Scorpio Tankers Inc is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Company’s fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers).
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