Scorpio Tankers Inc. (STNG) Sees Significant Growth in Short Interest
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.
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.
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).
Receive News & Ratings for Scorpio Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers and related companies with MarketBeat.com's FREE daily email newsletter.