Press coverage about Scorpio Tankers (NYSE:STNG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scorpio Tankers earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 46.5120025648187 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Investors Alert on Unusual Volume with Scorpio Tankers Inc. (STNG) – Wall Street Morning (wallstreetmorning.com)
- Could Scorpio Tankers Inc. (STNG) Gain Strenght After Forming Wedge Down Pattern? (gamesworlditalia.com)
- Scorpio Tankers Inc. (STNG) Tries to Set Long-Term Obligations for Passive Momentum – Stock News Stop (stockmarketstop.com)
- Scorpio Tankers Inc. Announces Fourth Quarter 2017 Earnings Release and Conference Call on February 14, 2018 (finance.yahoo.com)
- Equities Analysts Issue Forecasts for Scorpio Tankers Inc.’s Q2 2018 Earnings (STNG) (americanbankingnews.com)
Several analysts have recently weighed in on STNG shares. Stifel Nicolaus set a $5.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Group began coverage on Scorpio Tankers in a research report on Monday, December 18th. They set a “buy” rating and a $5.00 target price for the company. UBS Group upgraded Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Monday, November 13th. Zacks Investment Research upgraded Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Morgan Stanley decreased their price objective on Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.17.
Scorpio Tankers (NYSE:STNG) last issued its earnings results on Thursday, November 16th. The shipping company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.04). The firm had revenue of $123.20 million during the quarter, compared to analysts’ expectations of $129.54 million. Scorpio Tankers had a negative net margin of 31.12% and a negative return on equity of 6.47%. Scorpio Tankers’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. equities analysts expect that Scorpio Tankers will post -0.4 earnings per share for the current year.
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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).
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