ValuEngine lowered shares of Scorpio Tankers (NYSE:STNG) from a sell rating to a strong sell rating in a research report released on Sunday.

A number of other research firms have also weighed in on STNG. Zacks Investment Research lowered shares of Scorpio Tankers from a hold rating to a sell rating in a research report on Saturday, October 21st. Stifel Nicolaus set a $7.00 target price on shares of Scorpio Tankers and gave the stock a buy rating in a research report on Sunday, October 29th. Jefferies Group reissued a buy rating and set a $5.50 target price on shares of Scorpio Tankers in a research report on Tuesday, October 31st. BidaskClub lowered shares of Scorpio Tankers from a sell rating to a strong sell rating in a research report on Friday, October 27th. Finally, UBS Group raised shares of Scorpio Tankers from a neutral rating to a buy rating and set a $5.50 target price for the company in a research report on Monday, November 13th. Three analysts have rated the stock with a sell rating and twelve have given a buy rating to the company. Scorpio Tankers currently has a consensus rating of Buy and an average target price of $6.28.

Shares of Scorpio Tankers (STNG) traded up $0.08 during trading hours on Friday, reaching $3.23. 3,519,676 shares of the company were exchanged, compared to its average volume of 3,001,592. The company has a market capitalization of $1,020.00, a PE ratio of -4.09 and a beta of 1.59. Scorpio Tankers has a 12-month low of $2.99 and a 12-month high of $4.93. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.03 and a quick ratio of 0.99.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.04). The business had revenue of $123.20 million during the quarter, compared to the consensus estimate of $129.54 million. Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) earnings per share. equities analysts anticipate that Scorpio Tankers will post -0.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, December 12th. Scorpio Tankers’s dividend payout ratio is currently -5.06%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Scorpio Tankers by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company’s stock valued at $57,839,000 after buying an additional 875,100 shares during the last quarter. Monarch Alternative Capital LP acquired a new position in shares of Scorpio Tankers during the third quarter valued at about $32,371,000. FMR LLC raised its position in shares of Scorpio Tankers by 160.9% during the second quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock valued at $29,710,000 after buying an additional 4,615,440 shares during the last quarter. Lasry Marc acquired a new position in shares of Scorpio Tankers during the third quarter valued at about $19,205,000. Finally, Bank of New York Mellon Corp raised its position in shares of Scorpio Tankers by 656.7% during the third quarter. Bank of New York Mellon Corp now owns 4,850,603 shares of the shipping company’s stock valued at $16,637,000 after buying an additional 4,209,596 shares during the last quarter. 59.04% of the stock is owned by institutional investors and hedge funds.

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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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Analyst Recommendations for Scorpio Tankers (NYSE:STNG)

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