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Scorpio Tankers Inc. (NASDAQ:STNG) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.06-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01, AR Network reports.

Scorpio Tankers Inc. (NASDAQ:STNG) traded down 2.03% during mid-day trading on Thursday, hitting $9.15. The stock had a trading volume of 746,755 shares. Scorpio Tankers Inc. has a 1-year low of $8.23 and a 1-year high of $12.48. The stock’s 50-day moving average is $9.0 and its 200-day moving average is $10.03. The company has a market cap of $1.827 billion and a price-to-earnings ratio of 25.80.

Scorpio Tankers (NASDAQ:STNG) last announced its earnings results on Monday, April 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The company had revenue of $76.73 million for the quarter, compared to the consensus estimate of $44.92 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 70.8% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, May 22nd. This is a boost from Scorpio Tankers’s previous quarterly dividend of $0.08.

Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Scorpio Tankers from a hold rating to a buy rating in a research note on Thursday, May 1st. Analysts at Jefferies Group reiterated a buy rating on shares of Scorpio Tankers in a research note on Monday, April 21st. They now have a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $12.28.

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

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