Share on StockTwits
 

Equities researchers at Maxim Group started coverage on shares of Scorpio Tankers (NASDAQ:STNG) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

Shares of Scorpio Tankers (NASDAQ:STNG) traded down 2.46% on Thursday, hitting $11.52. 182,022 shares of the company’s stock traded hands. Scorpio Tankers has a 52 week low of $7.23 and a 52 week high of $12.48. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $10.5. The company has a market cap of $2.162 billion and a P/E ratio of 231.57.

Scorpio Tankers (NASDAQ:STNG) last announced its earnings results on Monday, October 28th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $57.80 million for the quarter, compared to the consensus estimate of $28.67 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 101.4% on a year-over-year basis.

A number of other firms have also recently commented on STNG. Analysts at Zacks downgraded shares of Scorpio Tankers from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $11.20 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Scorpio Tankers in a research note to investors on Tuesday, October 29th. They now have a $15.00 price target on the stock, up previously from $13.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Scorpio Tankers in a research note to investors on Tuesday, October 22nd. They now have a $14.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.63.

Scorpio Tankers Inc is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets.

The Fly On The Wall

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.