The stock of Scorpio Tankers Inc. (NYSE:STNG) is a huge mover today! About 2.71 million shares traded hands or 3.44% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 11.84% since March 8, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.
The move comes after 8 months negative chart setup for the $792.87 million company. It was reported on Oct, 11 by Barchart.com. We have $4.25 PT which if reached, will make NYSE:STNG worth $63.43 million less.
Analysts await Scorpio Tankers Inc. (NYSE:STNG) to report earnings on November, 2. They expect $-0.05 EPS, down 110.87% or $0.51 from last year’s $0.46 per share. After $0.04 actual EPS reported by Scorpio Tankers Inc. for the previous quarter, Wall Street now forecasts -225.00% negative EPS growth.
Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage
Out of 5 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Scorpio Tankers Inc. has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS downgraded it to “Neutral” rating and $5 target price in Tuesday, July 26 report. The company was maintained on Wednesday, July 27 by Jefferies. The firm has “Hold” rating by ABN Amro given on Friday, July 1. The firm has “Buy” rating given on Tuesday, July 21 by Bank of America. The company was upgraded on Thursday, February 18 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, December 15 by Deutsche Bank.
According to Zacks Investment Research, “Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. The Company’s initial fleet consists of three modern panamax tankers. Its vessels carry petroleum products and crude oil for integrated oil companies, oil traders, and other customers. Scorpio Tankers Inc. is headquartered in Monaco, Scorpio.”
Another recent and important Scorpio Tankers Inc. (NYSE:STNG) news was published by Seekingalpha.com which published an article titled: “Scorpio Tankers: A 10% Yield And 75% Potential Upside” on August 18, 2016.
STNG Company Profile
Scorpio Tankers Inc. (Scorpio Tankers), incorporated on July 1, 2009, is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Firm operates through four divisions: Handymax, MR, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.
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