Scorpio Tankers Inc. (NYSE:STNG) – Investment analysts at Seaport Global Securities cut their Q1 2018 earnings per share (EPS) estimates for Scorpio Tankers in a research note issued on Wednesday. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will earn ($0.02) per share for the quarter, down from their previous forecast of $0.04. Seaport Global Securities also issued estimates for Scorpio Tankers’ FY2018 earnings at $0.09 EPS.
Several other research analysts have also recently weighed in on STNG. Morgan Stanley lowered their price target on shares of Scorpio Tankers from $5.00 to $3.50 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Credit Suisse Group lowered their price target on shares of Scorpio Tankers from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday. ValuEngine cut shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and set a $5.50 price target on shares of Scorpio Tankers in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $7.00 price target on shares of Scorpio Tankers and gave the company a “buy” rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.67.
Scorpio Tankers (STNG) opened at $2.33 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The firm has a market cap of $724.85, a PE ratio of -3.07 and a beta of 1.29. Scorpio Tankers has a 1 year low of $2.24 and a 1 year high of $4.79.
Scorpio Tankers (NYSE:STNG) last released its earnings results on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). The business had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $148.90 million. Scorpio Tankers had a negative return on equity of 6.99% and a negative net margin of 30.86%. Scorpio Tankers’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Monday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.04 dividend on an annualized basis and a yield of 1.72%. Scorpio Tankers’s payout ratio is currently -5.26%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Scorpio Tankers by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 124,670 shares of the shipping company’s stock valued at $495,000 after buying an additional 1,315 shares during the last quarter. Wells Fargo & Company MN lifted its position in Scorpio Tankers by 0.8% in the second quarter. Wells Fargo & Company MN now owns 558,058 shares of the shipping company’s stock valued at $2,215,000 after buying an additional 4,320 shares during the last quarter. Nationwide Fund Advisors lifted its position in Scorpio Tankers by 4.0% in the second quarter. Nationwide Fund Advisors now owns 131,118 shares of the shipping company’s stock valued at $521,000 after buying an additional 5,041 shares during the last quarter. Teachers Advisors LLC lifted its position in Scorpio Tankers by 2.0% in the second quarter. Teachers Advisors LLC now owns 295,678 shares of the shipping company’s stock valued at $1,174,000 after buying an additional 5,871 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Scorpio Tankers by 10.1% in the second quarter. Voya Investment Management LLC now owns 79,987 shares of the shipping company’s stock valued at $318,000 after buying an additional 7,329 shares during the last quarter. 60.00% of the stock is currently owned by institutional investors.
Scorpio Tankers Company Profile
Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).
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