Scorpio Tankers Inc. (NASDAQ:STNG) Receives Average Recommendation of "Buy" from Brokerages

Xavier Trudeau
Juillet 18, 2017

The firm acquired 29,105 shares of the shipping company's stock, valued at approximately $129,000.

The volume of the particular stock is the shares bought and sold in a single trading day.

Scorpio Tankers Inc. (STNG) has a market capitalization of 876.06 Million which suggests the company is a huge company further suggesting that the shares of Scorpio Tankers Inc. Boston Partners now owns 4,782,108 shares of the shipping company's stock valued at $21,233,000 after buying an additional 1,542,838 shares in the last quarter. Karp Capital Management Corp purchased a new position in Scorpio Tankers during the first quarter valued at $164,000. Finally, Jefferies Group LLC reaffirmed a "buy" rating and issued a $6.00 target price on shares of Scorpio Tankers in a report on Thursday, May 25th. UBS Oconnor LLC increased its stake in shares of Scorpio Tankers by 401.8% in the first quarter. Principal Financial Group Inc. now owns 25,836 shares of the shipping company's stock valued at $115,000 after buying an additional 3,377 shares during the period. Nisa Investment Advisors LLC bought a new position in Scorpio Tankers during the first quarter worth approximately $158,000.

The Target Price for Scorpio Tankers Inc (NYSE:STNG) is $5.95/share according to the consensus analysis of analysts working on the stock.

Shares of Scorpio Tankers (STNG) traded up 2.36% during mid-day trading on Friday, reaching $3.90. 1,509,419 shares of the company's stock were exchanged. Scorpio Tankers Inc. The company's market cap is $634.57 million. Scorpio Tankers has a one year low of $3.42 and a one year high of $5.53. (STNG) shows a double bottom with $3.72 target or 4.00 % below today's $3.88 share price.

Scorpio Tankers (NASDAQ:STNG) last released its quarterly earnings results on Thursday, April 27th. The company reported the earnings of $-0.07/Share in the last quarter where the estimated EPS by analysts was $-0.1/share. The company had revenue of $122.80 million during the quarter, compared to the consensus estimate of $119.80 million.

Scorpio Tankers Inc (NYSE:STNG) now has a trailing P/E of -9.77 while its forward P/E according to Thomson Reuters is 8.3. The firm's quarterly revenue was down 25.6% on a year-over-year basis. During the same quarter a year ago, the company posted $0.19 EPS. Scorpio Tankers Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 8.16.

Among 9 analysts covering Scorpio Tankers Inc. "(NASDAQ:STNG)" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/17/nuveen-asset-management-llc-has-11-96-million-stake-in-scorpio-tankers-inc-nasdaqstng-updated.html.

A number of equities research analysts have issued reports on the stock. Seaport Global Securities reissued a "buy" rating and set a $7.50 price objective on shares of Scorpio Tankers in a research report on Thursday, May 25th. Stifel Nicolaus restated a "buy" rating and set a $8.00 target price on shares of Scorpio Tankers in a report on Thursday, May 25th. Credit Suisse Group set a $7.00 price target on shares of Scorpio Tankers and gave the stock a "buy" rating in a research note on Wednesday, May 24th. The company now has an average rating of "Buy" and a consensus target price of $6.50. The company presently has a consensus rating of "Buy" and a consensus price target of $6.35.

Among 2 analysts covering Midstates Petroleum (NYSE:MPO), 0 have Buy rating, 0 Sell and 2 Hold. Royce & Associates LP now owns 1,435,826 shares of the shipping company's stock valued at $6,375,000 after buying an additional 82,500 shares during the period.

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the worldwide shipping markets.

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