Scorpio Tankers Inc. (NASDAQ:STNG) – Equities research analysts at Seaport Global Securities raised their FY2016 earnings per share (EPS) estimates for Scorpio Tankers in a report issued on Wednesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will post earnings per share of ($0.14) for the year, up from their previous forecast of ($0.18). Seaport Global Securities also issued estimates for Scorpio Tankers’ Q4 2016 earnings at ($0.26) EPS, Q1 2017 earnings at ($0.02) EPS, Q2 2017 earnings at ($0.07) EPS, Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at $0.10 EPS and FY2017 earnings at ($0.08) EPS.

Scorpio Tankers (NASDAQ:STNG) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The business had revenue of $114.34 million for the quarter, compared to analysts’ expectations of $118.30 million. The business’s revenue was down 49.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS.

ILLEGAL ACTIVITY NOTICE: “FY2016 EPS Estimates for Scorpio Tankers Inc. (STNG) Increased by Analyst” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at http://www.watchlistnews.com/fy2016-eps-estimates-for-scorpio-tankers-inc-stng-increased-by-analyst/1061039.html.

Earnings History and Estimates for Scorpio Tankers (NASDAQ:STNG)

Other analysts have also issued reports about the stock. Credit Suisse Group reiterated a “buy” rating and set a $7.00 target price on shares of Scorpio Tankers in a research report on Monday, October 17th. Jefferies Group restated a “buy” rating and issued a $6.00 price target on shares of Scorpio Tankers in a research report on Wednesday, November 16th. Zacks Investment Research upgraded shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, December 14th. Deutsche Bank AG lowered shares of Scorpio Tankers from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $4.00 in a research report on Tuesday, November 15th. Finally, Clarkson Capital lowered shares of Scorpio Tankers from a “buy” rating to a “neutral” rating in a research report on Monday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.21.

Scorpio Tankers (NASDAQ:STNG) opened at 4.58 on Friday. The firm has a 50-day moving average of $4.45 and a 200 day moving average of $4.57. Scorpio Tankers has a 52-week low of $3.61 and a 52-week high of $6.70. The firm has a market cap of $736.67 million and a price-to-earnings ratio of 19.00.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Friday, November 25th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 10.92%.

ILLEGAL ACTIVITY NOTICE: “FY2016 EPS Estimates for Scorpio Tankers Inc. (STNG) Increased by Analyst” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at http://www.watchlistnews.com/fy2016-eps-estimates-for-scorpio-tankers-inc-stng-increased-by-analyst/1061039.html.

Several institutional investors have recently made changes to their positions in STNG. Dimensional Fund Advisors LP raised its position in shares of Scorpio Tankers by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 14,295,416 shares of the company’s stock worth $60,042,000 after buying an additional 320,647 shares during the last quarter. FMR LLC raised its position in shares of Scorpio Tankers by 151.0% in the second quarter. FMR LLC now owns 7,555,147 shares of the company’s stock worth $31,732,000 after buying an additional 4,545,067 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Scorpio Tankers by 15.6% in the second quarter. Vanguard Group Inc. now owns 6,258,979 shares of the company’s stock worth $26,288,000 after buying an additional 844,186 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Scorpio Tankers by 8.4% in the third quarter. BlackRock Fund Advisors now owns 4,146,312 shares of the company’s stock worth $19,197,000 after buying an additional 319,881 shares during the last quarter. Finally, Carlson Capital L P bought a new position in shares of Scorpio Tankers during the second quarter worth about $16,968,000.

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, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.

5 Day Chart for NASDAQ:STNG

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