Scorpio Tankers (NYSE:STNG – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 16th. Analysts expect Scorpio Tankers to post earnings of $4.74 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Scorpio Tankers Stock Performance
Scorpio Tankers stock opened at $55.39 on Thursday. Scorpio Tankers has a 52 week low of $14.31 and a 52 week high of $57.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.23 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.17 and a beta of 0.50. The stock has a 50 day moving average of $51.59 and a 200-day moving average of $47.00.
Analysts Set New Price Targets
Several brokerages have weighed in on STNG. StockNews.com raised shares of Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Tuesday, October 18th. Stifel Nicolaus increased their target price on shares of Scorpio Tankers from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 14th. TheStreet raised shares of Scorpio Tankers from a “c” rating to a “b-” rating in a research report on Wednesday, November 2nd. Jefferies Financial Group raised their target price on shares of Scorpio Tankers from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, December 14th. Finally, BTIG Research lifted their target price on Scorpio Tankers from $60.00 to $70.00 in a research note on Friday, December 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.71.
Institutional Investors Weigh In On Scorpio Tankers
A number of institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in Scorpio Tankers by 243.8% during the second quarter. Captrust Financial Advisors now owns 2,255 shares of the shipping company’s stock valued at $78,000 after buying an additional 1,599 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in shares of Scorpio Tankers by 834.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,279 shares of the shipping company’s stock worth $79,000 after purchasing an additional 2,035 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Scorpio Tankers in the 2nd quarter worth approximately $201,000. LPL Financial LLC acquired a new stake in Scorpio Tankers during the fourth quarter valued at approximately $392,000. Finally, Balyasny Asset Management LLC boosted its holdings in Scorpio Tankers by 12.0% during the third quarter. Balyasny Asset Management LLC now owns 7,550 shares of the shipping company’s stock worth $317,000 after buying an additional 806 shares in the last quarter. 54.53% of the stock is currently owned by institutional investors and hedge funds.
About Scorpio Tankers
Scorpio Tankers, Inc engages in the provision of marine transportation of petroleum products. Its consists of wholly owned, finance leased, and bareboat chartered-in tankers. It operates through the following segments: MR, LR2, Handymax, and LR1. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.