Scorpio Tankers Stock Rating Reaffirmed by Jefferies Group (STNG)
Scorpio Tankers (NASDAQ:STNG)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Tuesday, Analyst RN reports.
A number of other analysts have also recently weighed in on STNG. Analysts at Zacks upgraded shares of Scorpio Tankers from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $9.70 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Scorpio Tankers from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, August 26th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Scorpio Tankers has a consensus rating of “Buy” and an average price target of $11.52.
Scorpio Tankers (NASDAQ:STNG) traded down 0.96% on Tuesday, hitting $11.2801. The stock had a trading volume of 161,843 shares. Scorpio Tankers has a 52-week low of $5.30 and a 52-week high of $11.41. The stock’s 50-day moving average is $10.00 and its 200-day moving average is $9.42. The company’s market cap is $2.083 billion.
Scorpio Tankers (NASDAQ:STNG) last announced its earnings results on Monday, July 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02. The company had revenue of $51.53 million for the quarter, compared to the consensus estimate of $27.50 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 87.3% on a year-over-year basis.
Scorpio Tankers Inc is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.