Scorpio Tankers Inc. (NYSE:STNG) – Equities research analysts at Seaport Global Securities cut their Q4 2018 EPS estimates for shares of Scorpio Tankers in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings of $0.13 per share for the quarter, down from their previous estimate 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.
Scorpio Tankers (NYSE:STNG) last announced its earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). The company had revenue of $123.20 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned ($0.11) EPS.
Other analysts have also recently issued research reports about the stock. Jefferies Group started coverage on shares of Scorpio Tankers in a research report on Monday, December 18th. They set a “buy” rating and a $5.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Scorpio Tankers from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 29th. Credit Suisse Group reissued a “buy” rating and set a $7.00 price target on shares of Scorpio Tankers in a research report on Tuesday, September 19th. UBS Group raised 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. Finally, Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $6.28.
Shares of Scorpio Tankers (NYSE STNG) traded down $0.08 on Monday, hitting $3.06. 3,140,658 shares of the stock traded hands, compared to its average volume of 3,200,000. The firm has a market capitalization of $965.72, a PE ratio of -3.87 and a beta of 1.59. Scorpio Tankers has a 1-year low of $2.99 and a 1-year high of $4.79. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.03 and a quick ratio of 0.99.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.04 annualized dividend and a yield of 1.31%. Scorpio Tankers’s dividend payout ratio (DPR) is -5.06%.
A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Scorpio Tankers by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company’s stock valued at $57,839,000 after acquiring an additional 875,100 shares in the last quarter. Monarch Alternative Capital LP acquired a new stake in Scorpio Tankers in the third quarter valued at approximately $32,371,000. FMR LLC raised its holdings in Scorpio Tankers by 160.9% in the second quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock valued at $29,710,000 after acquiring an additional 4,615,440 shares in the last quarter. Lasry Marc acquired a new stake in Scorpio Tankers in the third quarter valued at approximately $19,205,000. Finally, Bank of New York Mellon Corp raised its holdings in Scorpio Tankers by 656.7% in the third quarter. Bank of New York Mellon Corp now owns 4,850,603 shares of the shipping company’s stock valued at $16,637,000 after acquiring an additional 4,209,596 shares in the last quarter. 59.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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