Scorpio Tankers Inc. (STNG) Set to Announce Earnings on Monday
Scorpio Tankers Inc. (NASDAQ:STNG) is scheduled to release its earnings data before the market opens on Monday, September 18th. Analysts expect Scorpio Tankers to post earnings of ($0.05) per share for the quarter.
Shares of Scorpio Tankers Inc. (NASDAQ:STNG) opened at 3.53 on Monday. The company’s market cap is $574.37 million. Scorpio Tankers Inc. has a 52-week low of $3.20 and a 52-week high of $5.18. The stock’s 50 day moving average is $3.63 and its 200 day moving average is $3.94.
STNG has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $5.50 target price (down from $6.00) on shares of Scorpio Tankers in a research note on Saturday, July 22nd. BidaskClub raised Scorpio Tankers from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Seaport Global Securities reaffirmed a “buy” rating and set a $7.50 target price on shares of Scorpio Tankers in a research note on Thursday, May 25th. Finally, Stifel Nicolaus set a $8.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Scorpio Tankers has an average rating of “Buy” and an average target price of $6.44.
COPYRIGHT VIOLATION WARNING: “Scorpio Tankers Inc. (STNG) Set to Announce Earnings on Monday” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/11/scorpio-tankers-inc-stng-set-to-announce-earnings-on-monday.html.
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).
Receive News & Ratings for Scorpio Tankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.