Scorpio Tankers Inc. (STNG) Issues Q1 Earnings Guidance
Scorpio Tankers Inc. (NASDAQ:STNG) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of profitable for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05, AmericanBankingNews.com reports.
Shares of Scorpio Tankers Inc. (NASDAQ:STNG) opened at 9.42 on Monday. Scorpio Tankers Inc. has a 52-week low of $7.55 and a 52-week high of $12.48. The stock has a 50-day moving average of $10.42 and a 200-day moving average of $10.62. The company has a market cap of $1.768 billion and a price-to-earnings ratio of 184.71.
A number of research firms have recently commented on STNG. Analysts at Zacks upgraded shares of Scorpio Tankers from an underperform rating to a neutral rating in a research note on Wednesday, January 29th. They now have a $10.70 price target on the stock. On a related note, analysts at UBS AG initiated coverage on shares of Scorpio Tankers in a research note on Thursday, January 9th. They set a hold rating on the stock. They noted that the move was a valuation call. Finally, analysts at Maxim Group initiated coverage on shares of Scorpio Tankers in a research note on Thursday, January 9th. They set a hold rating on the stock. Six analysts have rated the stock with 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 $12.58.
Scorpio Tankers Inc is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets.
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