Scorpio Tankers (NYSE:STNG) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Scorpio Tankers to post earnings of $0.01 per share for the quarter.
Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The company had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $129.54 million. During the same quarter in the previous year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect Scorpio Tankers to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Scorpio Tankers (STNG) opened at $2.36 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.03. Scorpio Tankers has a one year low of $2.24 and a one year high of $4.79. The stock has a market cap of $744.81, a P/E ratio of -2.99 and a beta of 1.29.
Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Scorpio Tankers from $5.00 to $3.50 and set an “overweight” rating for the company in a research note on Monday. UBS Group upgraded shares of Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Monday, November 13th. Jefferies Group assumed coverage on shares of Scorpio Tankers in a research note on Monday, December 18th. They set a “buy” rating and a $5.00 price target for the company. ValuEngine lowered shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus set a $5.00 price target on shares of Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Scorpio Tankers currently has a consensus rating of “Buy” and an average target price of $6.00.
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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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