Shares of Scorpio Tankers Inc. (NASDAQ:STNG) have received an average recommendation of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.93.

STNG has been the subject of several recent research reports. Seaport Global Securities reissued a “buy” rating and issued a $7.50 price target on shares of Scorpio Tankers in a research note on Thursday, May 25th. Credit Suisse Group set a $7.00 price target on Scorpio Tankers and gave the company a “buy” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $5.50 target price (down from $6.00) on shares of Scorpio Tankers in a report on Saturday, July 22nd. BidaskClub lowered Scorpio Tankers from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Stifel Nicolaus set a $8.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a report on Monday, August 28th.

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Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Scorpio Tankers by 5.1% during the second quarter. Principal Financial Group Inc. now owns 27,152 shares of the shipping company’s stock worth $108,000 after buying an additional 1,316 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Scorpio Tankers during the first quarter valued at approximately $129,000. MML Investors Services LLC increased its position in shares of Scorpio Tankers by 137.2% during the second quarter. MML Investors Services LLC now owns 36,743 shares of the shipping company’s stock valued at $146,000 after purchasing an additional 21,250 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Scorpio Tankers during the second quarter valued at approximately $154,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Scorpio Tankers during the first quarter valued at approximately $158,000.

Scorpio Tankers (NASDAQ:STNG) opened at 3.45 on Wednesday. The stock’s market cap is $561.35 million. Scorpio Tankers has a 12-month low of $3.20 and a 12-month high of $5.01. The company has a 50-day moving average of $3.62 and a 200 day moving average of $3.93.

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).

Analyst Recommendations for Scorpio Tankers (NASDAQ:STNG)

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