Scorpio Tankers (STNG) Earns News Impact Score of 0.07

Bessie Dean
January 14, 2018

(NYSE:NOW) or 6.66M shares. Credit Suisse Group reiterated a "buy" rating and set a $7.00 price target on shares of Scorpio Tankers in a research report on Monday, October 17th.

Looking into last 5 trades, the stock observed a return of nearly 3.93%. About 2.42 million shares traded or 123.51% up from the average.

The company's ATR (Average True Range) is 0.24. It has underperformed by 17.65% the S&P500. On average, equities analysts expect that Scorpio Tankers Inc. will post ($0.06) earnings per share for the current fiscal year. For the current quarter Scorpio Tankers Inc (NYSE:STNG) has high EPS estimates of $-0.04 in contradiction of low EPS estimates of $-0.14. Therefore 85% are positive.

Stock analysts at Jefferies Group issued their FY2017 earnings per share estimates for Scorpio Tankers in a research report issued on Monday, Zacks Investment Research reports. The firm has "Buy" rating given on Monday, September 18 by Jefferies. Ladenburg Thalmann maintained the shares of MPLX in report on Tuesday, May 3 with "Buy" rating. The stock of Scorpio Tankers Inc. (NYSE:STNG) are $3.16 and $3.51. Scorpio Tankers has an average rating of "Buy" and a consensus price target of $6.28. Jefferies maintained it with "Buy" rating and $600 target in Tuesday, May 30 report. The rating was maintained by Jefferies on Friday, September 29 with "Buy". The stock has "Buy" rating by Jefferies on Thursday, November 16. The stock of Scorpio Tankers Inc. (NYSE:STNG) rating on Tuesday, December 15. Putnam FL Investment Management Co. boosted its position in shares of Scorpio Tankers by 4.9% in the third quarter. Scorpio Tankers Inc now has $1.04 billion valuation. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. A negative earnings surprise will usually result in a decline in share price. During the same period in the prior year, the business earned ($0.11) EPS. It has underperformed by 40.50% the S&P500.

Investors sentiment increased to 0.74 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It improved, as 27 investors sold VOYA shares while 131 reduced holdings. The hedge fund run by Christopher Pucillo held 7.06 million shares of the marine transportation company at the end of 2017Q3, valued at $24.22M, up from 1.25M at the end of the previous reported quarter. Barrett Asset Limited Com invested 3.45% of its portfolio in Facebook, Inc. 44,565 are held by Paradigm Financial Advisors Limited Liability Corp. Portolan Capital Mngmt Ltd Liability Corp has 49,415 shares for 0.23% of their portfolio. Cadinha & Ltd Co reported 0.33% stake. (NYSE:VOYA). 259,888 are owned by Prudential Financial Inc. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Amalgamated Bancorporation, New York-based fund reported 458,009 shares. There has been an observed change of 0.00% in the ownership of the shares in the past six months. 5,077 were accumulated by Mcrae Capital Mgmt. Noting its average daily volume at 3.28 million shares each day over the month, this signifies a pretty significant change over the norm. Therefore 100% are positive.

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For the current quarter Scorpio Tankers Inc (NYSE:STNG) has average revenue estimates of $153.34 Million, a total number of 12 analysts provided estimations over revenues. The firm earned "Hold" rating on Thursday, January 4 by Jefferies. The rating was maintained by Wood with "Outperform" on Monday, August 15. On Monday, March 20 the stock rating was upgraded by Stifel Nicolaus to "Buy". Morgan Stanley downgraded The Coca-Cola Company (NYSE:KO) on Friday, December 16 to "Equal-Weight" rating. The rating was downgraded by Evercore to "Hold" on Tuesday, October 13. The firm has "Buy" rating given on Friday, May 26 by Stifel Nicolaus. The company was upgraded on Thursday, February 18 by Deutsche Bank.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th.

Capital Returns Management Llc, which manages about $343.50 million US Long portfolio, upped its stake in Old Rep Intl Corp (NYSE:ORI) by 354,975 shares to 1.31 million shares, valued at $25.82 million in 2017Q3, according to the filing. It also reduced S&P Mid (IJJ) stake by 22,625 shares and now owns 122,314 shares. (NYSE:VOYA). Employees Retirement Systems Of Texas stated it has 0.12% in Voya Financial, Inc.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $1.22 million activity. The Stock shows P/E value of 7.92 and Forward P/E of 11.36. The company has market cap of $365.37 million. (NYSE:NOW) was sold by Slootman Frank on Tuesday, August 8.

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