Scorpio Tankers (NYSE:STNG) – Seaport Global Securities decreased their Q4 2018 EPS estimates for shares of Scorpio Tankers in a report issued on Tuesday, April 17th. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.11.
STNG has been the topic of a number of other research reports. ValuEngine downgraded Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Deutsche Bank reaffirmed a “buy” rating on shares of Scorpio Tankers in a research report on Tuesday, April 10th. Bank of America cut their price target on Scorpio Tankers from $3.85 to $2.75 and set a “buy” rating for the company in a research note on Monday, March 19th. Zacks Investment Research cut Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus set a $5.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.03.
Shares of Scorpio Tankers stock opened at $2.39 on Wednesday. Scorpio Tankers has a one year low of $1.85 and a one year high of $4.60. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.34 and a quick ratio of 1.29.
Scorpio Tankers (NYSE:STNG) last posted its earnings results on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). The business had revenue of $148.40 million for the quarter, compared to the consensus estimate of $148.90 million. Scorpio Tankers had a negative return on equity of 6.73% and a negative net margin of 30.86%. The business’s revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Monday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.04 annualized dividend and a dividend yield of 1.67%. Scorpio Tankers’s payout ratio is currently -8.51%.
Hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. grew its stake in Scorpio Tankers by 35.0% in the 4th quarter. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company’s stock valued at $254,000 after buying an additional 21,562 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Scorpio Tankers by 66.2% during the 3rd 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. American International Group Inc. lifted its holdings in shares of Scorpio Tankers by 37.2% during the 3rd quarter. American International Group Inc. now owns 140,336 shares of the shipping company’s stock worth $481,000 after acquiring an additional 38,025 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Scorpio Tankers by 867.2% in the fourth quarter. Renaissance Technologies LLC now owns 182,800 shares of the shipping company’s stock worth $558,000 after purchasing an additional 163,900 shares during the last quarter. Finally, Caxton Associates LP lifted its stake in Scorpio Tankers by 125.0% in the fourth quarter. Caxton Associates LP now owns 225,000 shares of the shipping company’s stock worth $686,000 after purchasing an additional 125,000 shares during the last quarter. Institutional investors own 64.76% of the company’s stock.
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Scorpio Tankers Company Profile
Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 22, 2018, its fleet consisted of 109 tankers, including 38 LR2, 12 LR1, 45 MR, and 14 Handymax tankers with an average age of approximately 2.6 years; and 20 time or bareboat chartered-in tankers, which include 2 LR2, 10 MR, and 8 Handymax tankers.
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