Press coverage about Scorpio Tankers (NYSE:STNG) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Scorpio Tankers earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 47.3136095069477 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks Movement Analysis: Fairmount Santrol Holdings Inc. (NYSE:FMSA), Scorpio Tankers Inc. (NYSE:STNG) – The Oracle Examiner (oracleexaminer.com)
- Scorpio Tankers Inc. (NYSE:STNG) – Is P/E Ratio Alarming? – Nasdaq Journal (nasdaqjournal.com)
- Experts Analysis: Scorpio Tankers Inc (STNG) – ExpertGazette (expertgazette.com)
- Scorpio Tankers Inc. (STNG) estimated to achieve -375.50% EPS growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Scorpio Tankers Inc. (STNG) stock is now worth at $2.30 while Analyst mean rating stands at 1.90 – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several brokerages recently weighed in on STNG. Morgan Stanley dropped their price objective on Scorpio Tankers from $5.00 to $3.50 and set an “overweight” rating for the company in a research report on Monday, February 12th. ValuEngine cut Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group assumed coverage on Scorpio Tankers in a research note on Monday, December 18th. They issued a “buy” rating and a $5.00 price target for the company. Credit Suisse Group decreased their target price on Scorpio Tankers from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Stifel Nicolaus set a $5.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.44.
Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings results on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). Scorpio Tankers had a negative net margin of 30.86% and a negative return on equity of 6.73%. The company had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $148.90 million. During the same quarter last year, the firm posted ($0.18) earnings per share. Scorpio Tankers’s revenue for the quarter was up 39.9% compared to the same quarter last year. analysts forecast that Scorpio Tankers will post 0.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Monday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, March 9th. Scorpio Tankers’s dividend payout ratio (DPR) is presently -5.33%.
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Scorpio Tankers Company Profile
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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