Shares of Scorpio Tankers Inc. (NASDAQ:STNG) have been given a consensus rating of “Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.93.

STNG has been the topic of several research analyst reports. Seaport Global Securities restated a “buy” rating and set a $7.50 target price on shares of Scorpio Tankers in a research note on Thursday, May 25th. Credit Suisse Group set a $7.00 price target on shares of Scorpio Tankers and gave the company a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $5.50 price target (down previously from $6.00) on shares of Scorpio Tankers in a research report on Saturday, July 22nd. BidaskClub lowered shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $7.00 price target (down previously from $10.00) on shares of Scorpio Tankers in a research report on Thursday, April 27th.

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Scorpio Tankers (NASDAQ:STNG) opened at 3.51 on Friday. The stock has a 50 day moving average of $3.67 and a 200 day moving average of $3.96. Scorpio Tankers has a 1-year low of $3.20 and a 1-year high of $5.40. The stock’s market cap is $571.12 million.

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Scorpio Tankers by 3.6% in the first quarter. Wellington Management Group LLP now owns 19,933,081 shares of the shipping company’s stock valued at $88,503,000 after buying an additional 684,099 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Scorpio Tankers by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 15,987,443 shares of the shipping company’s stock valued at $63,471,000 after buying an additional 1,247,930 shares in the last quarter. FMR LLC raised its stake in Scorpio Tankers by 160.9% in the second quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock valued at $29,710,000 after buying an additional 4,615,440 shares in the last quarter. Boston Partners raised its stake in Scorpio Tankers by 47.6% in the first quarter. Boston Partners now owns 4,782,108 shares of the shipping company’s stock valued at $21,233,000 after buying an additional 1,542,838 shares in the last quarter. Finally, Investec Asset Management LTD raised its stake in Scorpio Tankers by 6.3% in the second quarter. Investec Asset Management LTD now owns 4,080,901 shares of the shipping company’s stock valued at $16,201,000 after buying an additional 241,429 shares in the last quarter.

About Scorpio Tankers

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).

Analyst Recommendations for Scorpio Tankers (NASDAQ:STNG)

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