Jefferies Group assumed coverage on shares of Scorpio Tankers (NYSE:STNG) in a research report released on Monday. The brokerage issued a buy rating and a $5.00 price objective on the shipping company’s stock. Jefferies Group also issued estimates for Scorpio Tankers’ Q4 2017 earnings at ($0.04) EPS, FY2017 earnings at ($0.34) EPS and FY2018 earnings at $0.52 EPS.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price objective on Scorpio Tankers from $7.00 to $6.00 and set a buy rating on the stock in a report on Wednesday, November 29th. Credit Suisse Group restated a buy rating and issued a $7.00 target price on shares of Scorpio Tankers in a research note on Tuesday, September 19th. UBS upgraded Scorpio Tankers from a neutral rating to a buy rating and set a $5.50 target price on the stock in a research note on Monday, November 13th. Zacks Investment Research upgraded Scorpio Tankers from a sell rating to a hold rating in a research note on Thursday, November 9th. Finally, Morgan Stanley decreased their target price on Scorpio Tankers from $5.50 to $5.00 and set an overweight rating on the stock in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $6.28.

Shares of Scorpio Tankers (NYSE:STNG) opened at $3.24 on Monday. 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 1-year low of $2.99 and a 1-year high of $4.93.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The company had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $129.54 million. Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. equities analysts predict that Scorpio Tankers will post -0.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 1.23%. Scorpio Tankers’s dividend payout ratio is currently -5.06%.

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Scorpio Tankers by 5.1% during the 2nd quarter. Principal Financial Group Inc. now owns 27,152 shares of the shipping company’s stock valued at $108,000 after purchasing an additional 1,316 shares during the last quarter. MML Investors Services LLC increased its position in shares of Scorpio Tankers by 137.2% during the 2nd quarter. MML Investors Services LLC now owns 36,743 shares of the shipping company’s stock valued at $146,000 after purchasing an additional 21,250 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Scorpio Tankers during the 2nd quarter valued at about $154,000. BlueCrest Capital Management Ltd increased its position in shares of Scorpio Tankers by 498.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 70,897 shares of the shipping company’s stock valued at $281,000 after purchasing an additional 59,048 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Scorpio Tankers by 66.2% during the 3rd quarter. Legal & General Group Plc now owns 85,648 shares of the shipping company’s stock valued at $296,000 after purchasing an additional 34,129 shares during the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.

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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).

Analyst Recommendations for Scorpio Tankers (NYSE:STNG)

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