Shares of Scorpio Tankers (NYSE:STNG) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.21.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. DNB Markets raised Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Wednesday, April 25th. Morgan Stanley lowered their target price on Scorpio Tankers from $3.50 to $3.00 and set an “overweight” rating for the company in a report on Wednesday, April 25th. Credit Suisse Group lowered their target price on Scorpio Tankers from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, ValuEngine raised Scorpio Tankers from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Scorpio Tankers by 11.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 196,351 shares of the shipping company’s stock worth $385,000 after buying an additional 20,833 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Scorpio Tankers by 35.0% in the 4th quarter. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company’s stock worth $254,000 after buying an additional 21,562 shares in the last quarter. California State Teachers Retirement System grew its holdings in Scorpio Tankers by 9.6% in the 4th quarter. California State Teachers Retirement System now owns 377,205 shares of the shipping company’s stock worth $1,150,000 after buying an additional 33,062 shares in the last quarter. SG Americas Securities LLC grew its holdings in Scorpio Tankers by 321.5% in the 1st quarter. SG Americas Securities LLC now owns 60,854 shares of the shipping company’s stock worth $119,000 after buying an additional 46,417 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Scorpio Tankers by 24.4% in the 1st quarter. New York State Common Retirement Fund now owns 291,800 shares of the shipping company’s stock worth $572,000 after buying an additional 57,300 shares in the last quarter. 57.95% of the stock is owned by institutional investors.
Scorpio Tankers traded down $0.02, hitting $2.78, on Monday, according to Marketbeat. 1,764,311 shares of the stock traded hands, compared to its average volume of 2,943,300. Scorpio Tankers has a twelve month low of $1.85 and a twelve month high of $4.20. The stock has a market capitalization of $928.56 million, a P/E ratio of -5.91 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.55.
Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Wednesday, April 25th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). The firm had revenue of $156.50 million for the quarter, compared to analyst estimates of $154.72 million. Scorpio Tankers had a negative net margin of 32.67% and a negative return on equity of 7.61%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. analysts anticipate that Scorpio Tankers will post -0.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 6th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, June 5th. Scorpio Tankers’s dividend payout ratio (DPR) is presently -8.51%.
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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