Scorpio Tankers Inc. (NYSE:STNG) – Equities researchers at Seaport Global Securities reduced their Q4 2018 EPS estimates for Scorpio Tankers in a research report issued on Thursday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.14. Seaport Global Securities also issued estimates for Scorpio Tankers’ Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.54 EPS.
STNG has been the topic of several other reports. Credit Suisse Group reiterated a “buy” rating and issued a $7.00 price target on shares of Scorpio Tankers in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. ValuEngine lowered shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $7.00 price target (down from $8.00) on shares of Scorpio Tankers in a research report on Wednesday, September 20th. Finally, UBS Group upgraded shares of Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Monday, November 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $6.28.
Scorpio Tankers (NYSE STNG) traded down $0.01 during mid-day trading on Monday, hitting $3.29. 2,741,856 shares of the stock traded hands, compared to its average volume of 3,600,000. The firm has a market capitalization of $1,040.00, a price-to-earnings ratio of -4.16 and a beta of 1.59. Scorpio Tankers has a twelve month low of $2.99 and a twelve month high of $4.84. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.59.
Scorpio Tankers (NYSE:STNG) last issued its earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $123.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 1.22%. Scorpio Tankers’s dividend payout ratio (DPR) is currently -5.06%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Scorpio Tankers by 5.1% during the second quarter. Principal Financial Group Inc. now owns 27,152 shares of the shipping company’s stock worth $108,000 after acquiring an additional 1,316 shares during the last quarter. MML Investors Services LLC boosted its position in Scorpio Tankers by 137.2% during the second quarter. MML Investors Services LLC now owns 36,743 shares of the shipping company’s stock worth $146,000 after acquiring an additional 21,250 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Scorpio Tankers during the second quarter worth approximately $154,000. BlueCrest Capital Management Ltd boosted its position in Scorpio Tankers by 498.3% during the second quarter. BlueCrest Capital Management Ltd now owns 70,897 shares of the shipping company’s stock worth $281,000 after acquiring an additional 59,048 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Scorpio Tankers by 66.2% during the third quarter. Legal & General Group Plc now owns 85,648 shares of the shipping company’s stock worth $296,000 after acquiring an additional 34,129 shares during the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/10/seaport-global-securities-weighs-in-on-scorpio-tankers-inc-s-q4-2018-earnings-stng.html.
Scorpio Tankers Company Profile
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).
Receive News & Ratings for Scorpio Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers and related companies with MarketBeat.com's FREE daily email newsletter.