Published: Sun, April 30, 2017
Money | By Armando Alvarado

Stock to Keep Your Eyes on: Scorpio Tankers Inc. (NYSE:STNG)


Cowen and Company's price objective would suggest a potential upside of 70.32% from the stock's current price. On Thursday, February 18 the stock rating was upgraded by Deutsche Bank to "Buy". Deutsche Bank initiated the shares of STNG in report on Tuesday, December 15 with "Hold" rating. Finally, Clarkson Capital upgraded shares of Scorpio Tankers from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 15th. Jefferies maintained it with "Buy" rating and $7 target in Wednesday, July 27 report. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. The company now has an average rating of "Buy" and an average price target of $6.25. Scorpio Tankers Inc. (NYSE:STNG) shares were trading -26.22% below from the 52-week high mark of $6.19 and 30.88% above from the 52-week bottom of $3.49. Overall, 5.89 Million shares exchanged hands versus its average trading volume of 2.85 Million shares.

Scorpio Tankers Inc. has a 50 day moving average of 4.20 and a 200 day moving average of 4.22. The company's market cap is $712.87 million. In this case, shares are down -26.22% from $6.5, the 52-week high touched on April. 28, 2016, but are collecting gains at -22.51% for the past 12 months. Scorpio Tankers Inc. got Upgrade on 14-Feb-17 where investment firm Morgan Stanley Upgrade the stock from Equal-Weight to Overweight. The company reported the earnings of $-0.18/Share in the last quarter where the estimated EPS by analysts was $-0.19/share.

The company's expected revenue in the current quarter to be 119.86 Million, seeing a projected current quarter growth of -152.6%, and per annum growth estimates over the next 5 year period of around -8.98%.

Southwestern Energy Company (NYSE:SWN) traded at a yearly high level of $15.59 during the last trading session. During the same period past year, the business posted $0.19 earnings per share. After having $-0.18 EPS previously, Scorpio Tankers Inc.'s analysts see -55.56% EPS growth.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. The average true range of the stock is observed at 0.20 and the relative strength index of the stock is recorded at 44.51. The ex-dividend date is Tuesday, May 9th. This represents a $0.04 annualized dividend and a yield of 1.00%.

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According to Finviz reported data, The SMA20 of the stock is at -4.91 percent, SMA50 is -2.73 percent, while SMA200 is -6.24 percent. Analysts set a 12-month price target of $30.73 a share. Synovus Financial Corp now owns 21,675 shares of the shipping company's stock worth $100,000 after buying an additional 7,445 shares during the period. State Street Corp boosted its position in Scorpio Tankers by 4.9% in the fourth quarter.

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

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