Scorpio Tankers (NYSE:STNG) Receiving Somewhat Positive Press Coverage, Report Finds

Press coverage about Scorpio Tankers (NYSE:STNG) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive 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 gave news stories about the shipping company an impact score of 47.3136095069477 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

NYSE:STNG traded up $0.04 during trading hours on Thursday, hitting $1.96. The company’s stock had a trading volume of 8,348,185 shares, compared to its average volume of 4,270,906. The stock has a market capitalization of $653.02, a price-to-earnings ratio of -2.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.29 and a current ratio of 1.34. Scorpio Tankers has a 52-week low of $1.92 and a 52-week high of $4.65.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $148.90 million. Scorpio Tankers had a negative return on equity of 6.73% and a negative net margin of 30.86%. The company’s revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. analysts predict that Scorpio Tankers will post -0.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Monday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, March 9th. Scorpio Tankers’s payout ratio is -5.26%.

Several equities analysts have weighed in on the company. ValuEngine downgraded Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Stifel Nicolaus lowered their price target on Scorpio Tankers from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 29th. Bank of America reduced their price objective on Scorpio Tankers from $3.85 to $2.75 and set a “buy” rating for the company in a research note on Monday, March 19th. Zacks Investment Research cut Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, Credit Suisse Group reduced their price objective 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. Three analysts have rated the stock with a sell rating and eight have given a buy rating to the stock. Scorpio Tankers presently has a consensus rating of “Hold” and a consensus price target of $5.03.

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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).

Insider Buying and Selling by Quarter for Scorpio Tankers (NYSE:STNG)

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