Scorpio Tankers Inc. (NYSE:STNG) – Investment analysts at Jefferies Group issued their FY2017 earnings estimates for shares of Scorpio Tankers in a research note issued to investors on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings per share of ($0.34) for the year. Jefferies Group currently has a “Buy” rating and a $5.00 target price on the stock. Jefferies Group also issued estimates for Scorpio Tankers’ Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at $0.52 EPS.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group restated a “buy” rating and issued a $7.00 target price on shares of Scorpio Tankers in a report on Tuesday, September 19th. BidaskClub lowered shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Stifel Nicolaus lowered their target price on shares of Scorpio Tankers from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 29th. Finally, Morgan Stanley lowered their target price on shares of Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Three analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $6.28.
Scorpio Tankers (NYSE STNG) traded down $0.07 during mid-day trading on Wednesday, reaching $3.22. 2,412,248 shares of the company’s stock traded hands, compared to its average volume of 2,806,756. Scorpio Tankers has a fifty-two week low of $2.99 and a fifty-two week high of $4.79. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $1,040.00, a price-to-earnings ratio of -4.08 and a beta of 1.59.
Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Thursday, November 16th. The shipping company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). Scorpio Tankers had a negative net margin of 30.01% and a negative return on equity of 9.70%. The business had revenue of $123.20 million for the quarter, compared to the consensus estimate of $129.54 million. During the same quarter last year, the business earned ($0.11) EPS. Scorpio Tankers’s revenue for the quarter was up 7.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were issued 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 1.24%. Scorpio Tankers’s payout ratio is -5.06%.
A number of institutional investors and hedge funds have recently made changes to their positions in STNG. Principal Financial Group Inc. lifted its holdings in Scorpio Tankers by 5.1% during the 2nd quarter. Principal Financial Group Inc. now owns 27,152 shares of the shipping company’s stock valued at $108,000 after buying an additional 1,316 shares in the last quarter. MML Investors Services LLC lifted its holdings in Scorpio Tankers by 137.2% during the 2nd quarter. MML Investors Services LLC now owns 36,743 shares of the shipping company’s stock valued at $146,000 after buying an additional 21,250 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Scorpio Tankers during the 2nd quarter valued at about $154,000. BlueCrest Capital Management Ltd lifted its holdings in Scorpio Tankers by 498.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 70,897 shares of the shipping company’s stock valued at $281,000 after buying an additional 59,048 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Scorpio Tankers by 66.2% during the 3rd quarter. Legal & General Group Plc now owns 85,648 shares of the shipping company’s stock valued at $296,000 after buying an additional 34,129 shares in the last quarter. Institutional investors own 59.04% of the company’s stock.
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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).
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