Scorpio Tankers Inc. (STNG) Stock Rating Reaffirmed by Cowen and Company
- Author: Zachary Reyes Jun 02, 2017,
Jun 02, 2017, 21:23
Taking a broader look brokerage firms' analysts on the street with an expectant view have Scorpio Tankers Inc (NYSE:STNG) high price target of $8 and with a conservative view have low price target of $4.2.
Kinross Gold Corporation (USA) (NYSE:KGC) have shown a high EPS growth of 46.00% in the last 5 years and has earnings growth of 262.40% yoy. Closing price generally refers to the last price at which a stock trades during a regular trading session.
A number of other equities research analysts have also issued reports on STNG. Jefferies maintained the shares of STNG in report on Tuesday, May 30 with "Buy" rating. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.
Scorpio Tankers Inc. (NYSE:STNG) is another stock that is grabbing investors attention these days. The rating was upgraded by Bank of America on Friday, May 12 to "Buy". The firm has "Buy" rating given on Wednesday, July 27 by Jefferies.
Scorpio Tankers Inc (NYSE:STNG)'s trailing twelve month revenues are $480.4 Million, whereas its price to sales ratio for the same period is 1.42. But the stock was ranked Underweight by none of analysts in current phase while overall the consensus rank was for Buy.
Scorpio Tankers Inc. (STNG) shows its Return on Assets (ROA) value of -2 percent, while the Return on Equity (ROE) value is -4.8 percent and Return on Investment (ROI) value stands at 2.4 percent. The last session's volume of 10.26 million shares was lower than its average volume of 13.87 million shares. The company's market capitalization is $615.05 million.
The stock's 50 day moving average is 4.13 and its 200 day moving average is 4.21.
Scorpio Tankers Inc. shares decreased -11.43 percent over the past week and fell -13.69 percent over the previous month. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since June 1, 2016 and is downtrending. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.03. The company had revenue of $122.80 million for the quarter, compared to analyst estimates of $119.80 million. During the same period in the previous year, the business posted $0.19 earnings per share. Scorpio Tankers's quarterly revenue was down 25.6% compared to the same quarter past year.
Currently, EPS of Scorpio Tankers Inc. The stock of Scorpio Tankers Inc. "(STNG) Stock Rating Reaffirmed by Cowen and Company" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another site, it was stolen and reposted in violation of United States and global copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/05/31/scorpio-tankers-stng-outperform-rating-reiterated-at-cowen-and-company-updated-updated-updated.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Thursday, May 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, May 9th. The stock's Dividend Yield stands at 1.06%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STNG. Boston Partners boosted its position in Scorpio Tankers by 47.6% in the first quarter. (STNG) now has a value of $3.72 while the company's 52 week low is at $3.50, the shares dropped to the 52 week low on 02/08/17. (NYSE:STNG) earned "Hold" rating by Deutsche Bank on Tuesday, December 15. Finally, Two Sigma Securities LLC bought a new position in Scorpio Tankers during the first quarter worth $223,000. After having $-0.07 EPS previously, Scorpio Tankers Inc.'s analysts see -42.86 % EPS growth. TheStreet downgraded shares of Scorpio Tankers from a "c" rating to a "d+" rating in a research note on Monday, February 13th.