Scorpio Tankers (NYSE:STNG) had its price target decreased by stock analysts at Morgan Stanley from $5.00 to $3.50 in a research note issued on Monday. The firm presently has an “overweight” rating on the shipping company’s stock. Morgan Stanley’s price target would suggest a potential upside of 50.86% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. UBS Group raised shares of Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Monday, November 13th. Jefferies Group initiated coverage on shares of Scorpio Tankers in a research note on Monday, December 18th. They issued a “buy” rating and a $5.00 target price on the stock. ValuEngine downgraded shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Stifel Nicolaus set a $5.00 target price on shares of Scorpio Tankers and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Scorpio Tankers presently has an average rating of “Buy” and an average target price of $6.00.

Shares of Scorpio Tankers (NYSE:STNG) opened at $2.32 on Monday. Scorpio Tankers has a fifty-two week low of $2.24 and a fifty-two week high of $4.79. The stock has a market cap of $736.92, a PE ratio of -2.94 and a beta of 1.29. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.03 and a quick ratio of 0.99.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The firm had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $129.54 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. research analysts predict that Scorpio Tankers will post -0.4 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Scorpio Tankers by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company’s stock valued at $57,839,000 after purchasing an additional 875,100 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Scorpio Tankers by 232.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,105,736 shares of the shipping company’s stock valued at $49,123,000 after purchasing an additional 11,255,133 shares in the last quarter. BlackRock Inc. raised its stake in Scorpio Tankers by 13.2% in the fourth quarter. BlackRock Inc. now owns 11,138,382 shares of the shipping company’s stock valued at $33,972,000 after purchasing an additional 1,302,536 shares in the last quarter. Monarch Alternative Capital LP purchased a new stake in Scorpio Tankers in the third quarter valued at approximately $32,371,000. Finally, FMR LLC raised its stake in shares of Scorpio Tankers by 160.9% during the second quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock worth $29,710,000 after acquiring an additional 4,615,440 shares in the last quarter. 60.00% of the stock is currently owned by institutional investors and hedge funds.

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About Scorpio Tankers

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).

Analyst Recommendations for Scorpio Tankers (NYSE:STNG)

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