Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Scorpio Tankers (STNG) Stock Price
News coverage about Scorpio Tankers (NYSE:STNG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 assigned news headlines about the shipping company an impact score of 46.3331414327244 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Brokers Offer Predictions for Scorpio Tankers Inc.’s Q3 2018 Earnings (STNG) (americanbankingnews.com)
- -$0.06 EPS Expected for Scorpio Tankers Inc. (STNG) This Quarter (americanbankingnews.com)
- Scorpio Tankers’ (STNG) CEO Emanuele Lauro on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Comparing Scorpio Tankers (STNG) & Tsakos Energy Navigation (TNP) (americanbankingnews.com)
- Scorpio Tankers (STNG) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS (americanbankingnews.com)
Scorpio Tankers (NYSE:STNG) traded up $0.03 on Thursday, hitting $2.43. The stock had a trading volume of 1,587,705 shares, compared to its average volume of 4,307,906. The company has a market cap of $754.27, a price-to-earnings ratio of -3.09 and a beta of 1.29. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Scorpio Tankers has a 1-year low of $2.24 and a 1-year high of $4.79.
Several equities research analysts have recently weighed in on STNG shares. Zacks Investment Research lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. ValuEngine lowered Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Stifel Nicolaus set a $7.00 price objective on Scorpio Tankers and gave the stock a “buy” rating in a research note on Sunday, October 29th. UBS Group raised Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Monday, November 13th. Finally, BidaskClub lowered Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $6.00.
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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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