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Scorpio Tankers (NASDAQ:STNG) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.20.

A number of research firms have recently commented on STNG. Analysts at Credit Suisse upgraded shares of Scorpio Tankers from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. Separately, analysts at Zacks upgraded shares of Scorpio Tankers from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $9.80 price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Scorpio Tankers in a research note on Tuesday, July 8th. They set a “hold” rating and a $9.00 price target on the stock.

Scorpio Tankers (NASDAQ:STNG) traded down 0.74% during mid-day trading on Wednesday, hitting $9.45. The stock had a trading volume of 148,637 shares. Scorpio Tankers has a one year low of $8.57 and a one year high of $12.48. The stock’s 50-day moving average is $9.5 and its 200-day moving average is $9.46. The company has a market cap of $1.781 billion and a P/E ratio of 29.94.

Scorpio Tankers (NASDAQ:STNG) last announced its earnings results on Monday, July 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.02. The company had revenue of $57.40 million for the quarter, compared to the consensus estimate of $63.48 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that Scorpio Tankers will post $0.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, August 20th. This is a boost from Scorpio Tankers’s previous quarterly dividend of $0.09.

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

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