Scorpio Tankers Inc. (NYSE:STNG) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They currently have a $4.00 price target on the stock, down from their prior price target of $9.00. Deutsche Bank AG’s price objective suggests a potential downside of 8.26% from the stock’s current price.

Analyst Recommendations for Scorpio Tankers (NYSE:STNG)

Scorpio Tankers (NYSE:STNG) opened at 4.36 on Tuesday. The stock’s 50 day moving average is $4.31 and its 200 day moving average is $4.86. The stock has a market capitalization of $703.62 million, a PE ratio of 5.00 and a beta of 2.00. Scorpio Tankers has a 12-month low of $3.61 and a 12-month high of $9.13.

Hedge funds and other institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC increased its position in Scorpio Tankers by 449.5% in the first quarter. A.R.T. Advisors LLC now owns 381,037 shares of the company’s stock valued at $2,221,000 after buying an additional 311,700 shares in the last quarter. UBS Group AG increased its position in Scorpio Tankers by 140.5% in the first quarter. UBS Group AG now owns 221,399 shares of the company’s stock valued at $1,290,000 after buying an additional 129,324 shares in the last quarter. JPMorgan Chase & Co. increased its position in Scorpio Tankers by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 387,458 shares of the company’s stock valued at $2,259,000 after buying an additional 20,658 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in 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 in the last quarter. Finally, BlackRock Group LTD increased its position in Scorpio Tankers by 16.5% in the first quarter. BlackRock Group LTD now owns 202,441 shares of the company’s stock valued at $1,180,000 after buying an additional 28,652 shares in the last quarter. 81.97% of the stock is currently owned by institutional investors.

About Scorpio Tankers

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).

5 Day Chart for NYSE:STNG

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