Scorpio Tankers Inc. (NYSE:STNG) has earned an average rating of “Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.03.
Several brokerages recently weighed in on STNG. ValuEngine downgraded Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Stifel Nicolaus set a $5.00 target price on Scorpio Tankers and gave the company a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Deutsche Bank set a $4.00 target price on Scorpio Tankers and gave the company a “buy” rating in a research note on Wednesday, October 10th. Finally, BTIG Research began coverage on Scorpio Tankers in a research note on Thursday, September 27th. They set a “buy” rating and a $3.00 target price for the company.
Shares of STNG traded down $0.01 during trading hours on Thursday, hitting $1.74. 2,334,534 shares of the company were exchanged, compared to its average volume of 5,222,519. Scorpio Tankers has a 52 week low of $1.72 and a 52 week high of $3.71. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.51.
Scorpio Tankers (NYSE:STNG) last released its quarterly earnings results on Tuesday, July 31st. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $144.35 million. Scorpio Tankers had a negative return on equity of 9.08% and a negative net margin of 31.44%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. As a group, equities research analysts forecast that Scorpio Tankers will post -0.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 20th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.04 annualized dividend and a yield of 2.30%. Scorpio Tankers’s payout ratio is -8.51%.
A number of institutional investors have recently bought and sold shares of STNG. Schwab Charles Investment Management Inc. raised its holdings in Scorpio Tankers by 48.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,363,492 shares of the shipping company’s stock valued at $2,673,000 after acquiring an additional 443,436 shares in the last quarter. Northern Trust Corp raised its holdings in Scorpio Tankers by 9.1% in the 1st quarter. Northern Trust Corp now owns 2,428,848 shares of the shipping company’s stock valued at $4,760,000 after acquiring an additional 201,712 shares in the last quarter. BlackRock Inc. raised its holdings in Scorpio Tankers by 8.9% in the 1st quarter. BlackRock Inc. now owns 12,131,850 shares of the shipping company’s stock valued at $23,779,000 after acquiring an additional 993,468 shares in the last quarter. New York State Common Retirement Fund raised 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 valued at $572,000 after acquiring an additional 57,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Scorpio Tankers by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,792,389 shares of the shipping company’s stock valued at $42,713,000 after acquiring an additional 2,743,205 shares in the last quarter. 61.28% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: Earnings Per Share
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