Stock Buzzer: Is Buying Stock Like Scorpio Tankers Inc. After Such Increase Winning Strategy?

Stock Buzzer: Is Buying Stock Like Scorpio Tankers Inc. After Such Increase Winning Strategy?

The stock of Scorpio Tankers Inc. (NYSE:STNG) is a huge mover today! About 2.41M shares traded hands. Scorpio Tankers Inc. (NYSE:STNG) has declined 32.69% since April 8, 2016 and is downtrending. It has underperformed by 38.34% the S&P500.
The move comes after 9 months positive chart setup for the $715.28M company. It was reported on Nov, 10 by Barchart.com. We have $5.92 PT which if reached, will make NYSE:STNG worth $321.88M more.

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. The firm earned “Buy” rating on Thursday, February 18 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, December 15 by Deutsche Bank. Jefferies maintained Scorpio Tankers Inc. (NYSE:STNG) on Wednesday, July 27 with “Buy” rating. The firm has “Neutral” rating by UBS given on Tuesday, July 26. Bank of America initiated the stock with “Buy” rating in Tuesday, July 21 report. ABN Amro upgraded the shares of STNG in a report on Friday, July 1 to “Hold” rating.

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.”

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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