Scorpio Tankers (STNG) Receiving Somewhat Positive News Coverage, Report Finds
Press coverage about Scorpio Tankers (NASDAQ:STNG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scorpio Tankers earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.0761250184216 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Scorpio Tankers Inc. (STNG) has a value of $4.02 per share While AerCap Holdings NV (AER) is stand at $50.39 – Stocks Gallery (stocksgallery.com)
- Scorpio Tankers Inc. (STNG) Daily Technical Review & Outlook – StockNewsGazette (stocknewsgazette.com)
- Marvell Technology Group Ltd. (MRVL) Describing Technical Facts through Ratio Views- Scorpio Tankers Inc. (STNG) – Investing News Update (investingbizz.com)
- Trading summary on Scorpio Tankers Inc. (STNG) – Wall Street Morning (wallstreetmorning.com)
- What Are Analysts Opinions On Scorpio Tankers Inc. (STNG) (techkenyot.com)
Scorpio Tankers (NASDAQ STNG) traded down 0.54% during trading on Wednesday, hitting $3.70. The stock had a trading volume of 2,364,775 shares. The firm has a 50 day moving average of $3.65 and a 200-day moving average of $3.95. The company’s market cap is $602.03 million. Scorpio Tankers has a one year low of $3.20 and a one year high of $5.33.
Several equities analysts have commented on the company. Bank of America Corporation raised Scorpio Tankers from an “underperform” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Friday, May 12th. Credit Suisse Group set a $7.00 price objective on Scorpio Tankers and gave the company a “buy” rating in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Scorpio Tankers in a research report on Thursday, May 25th. Stifel Nicolaus set a $8.00 price objective on Scorpio Tankers and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Scorpio Tankers in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $6.44.
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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, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).
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