Are Analysts Bearish Scorpio Tankers Inc. (NYSE:STNG) After Last Week?

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27 May, 2017

Scorpio Tankers Inc. on 04/26/2017 reported its EPS as $-0.07 with the analysts projecting the EPS of the stock as $-0.1. Jefferies Group also issued estimates for Scorpio Tankers' Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at $0.13 EPS and Q4 2017 earnings at $0.27 EPS. Seekingalpha.com's article titled: "Scorpio Tankers' (STNG) CEO Emanuele Lauro on Q1 2017 Results - Earnings Call ..." and published on April 27, 2017 is yet another important article. Bank of America Corp raised shares of Scorpio Tankers from an "underperform" rating to a "buy" rating and set a $6.00 price objective for the company in a research report on Friday, May 12th.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Equities research analysts anticipate that Scorpio Tankers will post $0.02 EPS for the current fiscal year.

News coverage about Scorpio Tankers (NASDAQ:STNG) has been trending somewhat positive recently, according to AlphaOne. The shipping company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.03.

The High Revenue estimate is predicted as 140.4 Million, while the Low Revenue Estimate prediction stands at 125 Million. While in the same Quarter Previous year, the Actual EPS was $0.04. The company's quarterly revenue was down 25.6% on a year-over-year basis.

A number of other research analysts also recently weighed in on the company. As per Tuesday, July 26, the company rating was downgraded by UBS. (NYSE:STNG) on Tuesday, January 17 to "Underperform" rating. This Beta value of Scorpio Tankers Inc. (STNG) is -0.07 while the analysts predicted the EPS of the stock to be -0.1 suggesting the company fell short of the analysts' expectations. The company was upgraded on Friday, July 1 by ABN Amro. Jefferies has "Buy" rating and $7 target.

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the global shipping markets. If you are reading this article on another website, it was stolen and republished in violation of global copyright laws.

05/04/2016 - Scorpio Tankers Inc. was downgraded to "neutral" by analysts at Seaport Global Securities. 1,956,820 shares of the stock traded hands. The 1-year High price of the stock is $5.65, while the 1-year low price is $3.48. The firm has a 50 day moving average price of $4.24 and a 200 day moving average price of $4.20. The company has market cap of $752.54 million. Shareholders of record on Thursday, May 11th will be paid a $0.01 dividend. It has a dividend yield of 0.98%. The ex-dividend date is Tuesday, May 9th. Finally, Zacks Investment Research raised shares of Scorpio Tankers from a "strong sell" rating to a "hold" rating in a research note on Saturday, February 18th. Teachers Advisors LLC boosted its position in shares of Scorpio Tankers by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 19,933,081 shares of the shipping company's stock valued at $88,503,000 after buying an additional 684,099 shares during the last quarter.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.25 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. DIAM Co. Ltd. now owns 146,900 shares of the shipping company's stock valued at $680,000 after buying an additional 11,800 shares during the period. Impala Asset Management LLC purchased a new position in Scorpio Tankers during the first quarter valued at approximately $14,042,000. Synovus Financial Corp raised its position in Scorpio Tankers by 52.3% in the third quarter. 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 during the last quarter.

Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since May 22, 2016 and is downtrending. The Firm operates through two divisions: United Kingdom and Ireland, and Central and Eastern Europe and Israel.


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