Media stories about Scorpio Tankers (NYSE:STNG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scorpio Tankers earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave press coverage about the shipping company an impact score of 46.2072608583919 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Several brokerages have recently issued reports on STNG. Deutsche Bank reissued a “buy” rating on shares of Scorpio Tankers in a report on Tuesday, April 10th. Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. Bank of America reduced their price target on shares of Scorpio Tankers from $3.85 to $2.75 and set a “buy” rating for the company in a report on Monday, March 19th. 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 report on Thursday, February 15th. Finally, 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 report on Monday, February 12th. Two investment 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. Scorpio Tankers currently has a consensus rating of “Buy” and an average target price of $5.03.
Shares of NYSE STNG traded down $0.01 during midday trading on Monday, reaching $2.35. 408,977 shares of the company traded hands, compared to its average volume of 4,237,486. Scorpio Tankers has a 52 week low of $1.85 and a 52 week high of $4.60. 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 stock has a market cap of $770.56, a P/E ratio of -5.02 and a beta of 1.39.
Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Scorpio Tankers had a negative net margin of 30.86% and a negative return on equity of 6.73%. The company had revenue of $148.40 million for the quarter, compared to the consensus estimate of $148.90 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Scorpio Tankers’s revenue for the quarter was up 39.9% compared to the same quarter last year. sell-side analysts anticipate that Scorpio Tankers will post -0.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Monday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 9th. Scorpio Tankers’s dividend payout ratio is currently -8.51%.
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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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