Scorpio Tankers Inc. (NYSE:STNG) – Analysts at Seaport Global Securities decreased their Q1 2018 earnings per share (EPS) estimates for Scorpio Tankers in a research note issued on Wednesday. Seaport Global Securities analyst M. Fyhr now forecasts that the shipping company will earn ($0.02) per share for the quarter, down from their prior estimate of $0.04. Seaport Global Securities also issued estimates for Scorpio Tankers’ FY2018 earnings at $0.09 EPS.
Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). Scorpio Tankers had a negative return on equity of 6.73% and a negative net margin of 30.86%. The firm had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $148.90 million. During the same period last year, the firm posted ($0.18) earnings per share. Scorpio Tankers’s revenue for the quarter was up 39.9% on a year-over-year basis.
A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group reduced their price target on shares of Scorpio Tankers from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Morgan Stanley reduced 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 report on Monday, February 12th. ValuEngine cut shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Stifel Nicolaus set a $5.00 price target on shares of Scorpio Tankers and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research cut shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $5.67.
Shares of Scorpio Tankers (NYSE:STNG) opened at $2.36 on Monday. Scorpio Tankers has a 1 year low of $2.24 and a 1 year high of $4.79. The firm has a market cap of $744.81, a price-to-earnings ratio of -3.15 and a beta of 1.29. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 1.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Monday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. Scorpio Tankers’s dividend payout ratio is presently -5.33%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in Scorpio Tankers in the second quarter valued at $154,000. Voya Investment Management LLC increased its stake in Scorpio Tankers by 10.1% in the second quarter. Voya Investment Management LLC now owns 79,987 shares of the shipping company’s stock valued at $318,000 after purchasing an additional 7,329 shares during the period. OppenheimerFunds Inc. increased its stake in Scorpio Tankers by 35.0% in the fourth quarter. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company’s stock valued at $254,000 after purchasing an additional 21,562 shares during the period. Legal & General Group Plc increased its stake in Scorpio Tankers by 66.2% in the third quarter. Legal & General Group Plc now owns 85,648 shares of the shipping company’s stock valued at $296,000 after purchasing an additional 34,129 shares during the period. Finally, Private Advisor Group LLC increased its stake in Scorpio Tankers by 24.5% in the third quarter. Private Advisor Group LLC now owns 88,128 shares of the shipping company’s stock valued at $310,000 after purchasing an additional 17,318 shares during the period. Institutional investors own 66.77% of the company’s stock.
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About Scorpio Tankers
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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