Scorpio Tankers (NYSE:STNG)‘s stock had its “buy” rating reiterated by Evercore ISI in a research report issued to clients and investors on Monday, AnalystRatings.com reports.

A number of other equities analysts have also recently weighed in on STNG. B. Riley set a $40.00 price target on shares of Scorpio Tankers and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Stifel Nicolaus cut shares of Scorpio Tankers from a “buy” rating to a “hold” rating and upped their price target for the stock from $32.00 to $37.00 in a research note on Thursday, October 17th. Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, ValuEngine cut shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Scorpio Tankers has a consensus rating of “Buy” and a consensus price target of $36.33.

Shares of NYSE:STNG traded up $0.35 on Monday, reaching $31.54. 670,500 shares of the company were exchanged, compared to its average volume of 797,634. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 1.38. Scorpio Tankers has a 1-year low of $15.00 and a 1-year high of $36.85. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -6.92 and a beta of 1.04. The company has a 50-day moving average of $32.74 and a 200-day moving average of $28.45.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings results on Thursday, November 7th. The shipping company reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.06). Scorpio Tankers had a negative return on equity of 4.13% and a negative net margin of 12.03%. The company had revenue of $136.07 million for the quarter, compared to analyst estimates of $142.53 million. During the same period last year, the company earned ($0.21) earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts forecast that Scorpio Tankers will post -0.73 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Nuveen Asset Management LLC acquired a new stake in Scorpio Tankers in the 2nd quarter valued at about $13,497,000. Waddell & Reed Financial Inc. acquired a new stake in Scorpio Tankers in the 2nd quarter valued at about $11,117,000. Russell Investments Group Ltd. grew its stake in Scorpio Tankers by 153.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 578,309 shares of the shipping company’s stock valued at $17,209,000 after acquiring an additional 350,188 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Scorpio Tankers in the 2nd quarter valued at about $6,330,000. Finally, Renaissance Technologies LLC grew its stake in Scorpio Tankers by 76.3% in the 2nd quarter. Renaissance Technologies LLC now owns 413,320 shares of the shipping company’s stock valued at $12,201,000 after acquiring an additional 178,900 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers.

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Analyst Recommendations for Scorpio Tankers (NYSE:STNG)

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