Scorpio Tankers Inc. (STNG) Set to Announce Earnings on Monday
Scorpio Tankers Inc. (NASDAQ:STNG) is scheduled to release its earnings data before the market opens on Monday, September 18th. Analysts expect Scorpio Tankers to post earnings of ($0.05) per share for the quarter.
Shares of Scorpio Tankers Inc. (NASDAQ:STNG) opened at 3.53 on Monday. The company’s market cap is $574.37 million. Scorpio Tankers Inc. has a 52-week low of $3.20 and a 52-week high of $5.18. The stock’s 50 day moving average is $3.63 and its 200 day moving average is $3.94.
STNG has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $5.50 target price (down from $6.00) on shares of Scorpio Tankers in a research note on Saturday, July 22nd. BidaskClub raised Scorpio Tankers from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Seaport Global Securities reaffirmed a “buy” rating and set a $7.50 target price on shares of Scorpio Tankers in a research note on Thursday, May 25th. Finally, Stifel Nicolaus set a $8.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Scorpio Tankers has an average rating of “Buy” and an average target price of $6.44.
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About Scorpio Tankers
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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