Scorpio Tankers (STNG) Receiving Somewhat Positive News Coverage, Study Finds
Media headlines about Scorpio Tankers (NYSE:STNG) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.08 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 48.4635361596978 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Hot Tickers: Scorpio Tankers Inc. (STNG), Athene Holding Ltd. (ATH) – Market Movers (financialqz.com)
- Scorpio Tankers Inc. (STNG) Ex-Dividend Date Scheduled for December 12, 2017 – Nasdaq (nasdaq.com)
- Financial Analysis: Scorpio Tankers (STNG) vs. Dorian LPG (LPG) (americanbankingnews.com)
- Hot Stock under Review – Scorpio Tankers Inc., (NYSE: STNG) – Stock Watch (stocksnewstimes.com)
- Shares of Scorpio Tankers Inc. (STNG) are value at $3.01 – Wall Street Morning (wallstreetmorning.com)
Shares of Scorpio Tankers (NYSE STNG) opened at $3.19 on Wednesday. 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 $2.99 and a 52 week high of $4.93.
Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Scorpio Tankers had a negative net margin of 31.12% and a negative return on equity of 6.47%. The business had revenue of $123.20 million during the quarter, compared to analyst estimates of $129.54 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. analysts forecast that Scorpio Tankers will post -0.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, December 12th. Scorpio Tankers’s dividend payout ratio (DPR) is presently -5.06%.
STNG has been the topic of several analyst reports. Stifel Nicolaus cut their target price on shares of Scorpio Tankers from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. Morgan Stanley cut their target price on shares of Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. UBS upgraded shares of Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Monday, November 13th. Zacks Investment Research upgraded shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Jefferies Group restated a “buy” rating and set a $5.50 price objective on shares of Scorpio Tankers in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $6.33.
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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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