Scorpio Tankers Inc. (NYSE:STNG) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 19,575,050 shares, an increase of 18.1% from the January 12th total of 16,574,941 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average trading volume of 4,072,084 shares, the short-interest ratio is currently 4.8 days.

Shares of Scorpio Tankers (NYSE STNG) traded up $0.08 during mid-day trading on Wednesday, hitting $2.40. The company’s stock had a trading volume of 5,060,691 shares, compared to its average volume of 4,440,597. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.03 and a quick ratio of 0.99. Scorpio Tankers has a 52 week low of $2.24 and a 52 week high of $4.79. The company has a market cap of $784.26, a P/E ratio of -3.04 and a beta of 1.29.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Wednesday, February 14th. The shipping company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $148.90 million. During the same quarter in the prior year, the business posted ($0.18) EPS. Scorpio Tankers’s revenue was up 39.9% compared to the same quarter last year. equities analysts expect that Scorpio Tankers will post -0.4 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Scorpio Tankers by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company’s stock worth $57,839,000 after buying an additional 875,100 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Scorpio Tankers by 232.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,105,736 shares of the shipping company’s stock worth $49,123,000 after buying an additional 11,255,133 shares during the period. BlackRock Inc. lifted its position in shares of Scorpio Tankers by 13.2% during the 4th quarter. BlackRock Inc. now owns 11,138,382 shares of the shipping company’s stock worth $33,972,000 after buying an additional 1,302,536 shares during the period. Monarch Alternative Capital LP bought a new position in shares of Scorpio Tankers during the 3rd quarter worth approximately $32,371,000. Finally, FMR LLC lifted its position in shares of Scorpio Tankers by 160.9% during the 2nd quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock worth $29,710,000 after buying an additional 4,615,440 shares during the period. Institutional investors and hedge funds own 60.00% of the company’s stock.

STNG has been the topic of a number of analyst reports. ValuEngine lowered Scorpio Tankers from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Stifel Nicolaus lowered their target price on Scorpio Tankers from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. BidaskClub lowered Scorpio Tankers from a “sell” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, Morgan Stanley lowered their target price on Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Three analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Scorpio Tankers presently has a consensus rating of “Buy” and an average target price of $6.00.

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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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