Could Scorpio Tankers Inc. (STNG) Go Up After Reaching All-Time Low?

March 14, 2018 - By Vivian Currie

The stock of Scorpio Tankers Inc. (NYSE:STNG) reached all time low today, Mar, 14 and still has $2.19 target or 3.00 % below today’s $2.26 share price. This indicates more downside for the $737.91 million company. This technical setup was reported by If the $2.19 PT is reached, the company will be worth $22.14M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock increased 2.73% or $0.06 during the last trading session, reaching $2.26. About 6.38M shares traded or 61.35% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since March 14, 2017 and is downtrending. It has underperformed by 40.50% the S&P500.

Analysts await Scorpio Tankers Inc. (NYSE:STNG) to report earnings on April, 25. They expect $-0.05 EPS, up 28.57 % or $0.02 from last year’s $-0.07 per share. After $-0.14 actual EPS reported by Scorpio Tankers Inc. for the previous quarter, Wall Street now forecasts -64.29 % EPS growth.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage

Among 10 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Scorpio Tankers Inc. had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Buy” rating given on Thursday, November 16 by Jefferies. The firm earned “Hold” rating on Tuesday, December 15 by Deutsche Bank. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, February 14. Morgan Stanley maintained the stock with “Overweight” rating in Monday, February 12 report. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, January 24. As per Tuesday, May 30, the company rating was maintained by Jefferies. Jefferies maintained the shares of STNG in report on Friday, September 29 with “Buy” rating. The firm earned “Neutral” rating on Tuesday, July 26 by UBS. Seaport Global maintained it with “Buy” rating and $7.50 target in Friday, May 26 report. Deutsche Bank upgraded the shares of STNG in report on Thursday, February 18 to “Buy” rating.

More news for Scorpio Tankers Inc. (NYSE:STNG) were recently published by:, which released: “Scorpio Tankers Inc. (STNG) Ex-Dividend Date Scheduled for March 09, 2018” on March 08, 2018.‘s article titled: “Scorpio Tankers’ (STNG) CEO Emanuele Lauro on Q4 2017 Results – Earnings Call …” and published on February 14, 2018 is yet another important article.

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The company has market cap of $737.91 million. As of March 15, 2017, it owned 78 tankers comprising 22 LR2 tankers, 14 Handymax tankers, and 42 MR tankers with an average age of approximately 2.3 years; and 19 time chartered-in tankers, including 9 Handymax, 8 MR, 1 LR1, and 1 LR2 tankers. It currently has negative earnings.

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