Somewhat Positive Media Coverage Somewhat Unlikely to Affect Scorpio Tankers (STNG) Stock Price
Media stories about Scorpio Tankers (NYSE:STNG) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scorpio Tankers earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 46.4661113805982 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Scorpio Tankers Inc. (NYSE:STNG) – Calculate PEG Before Making Any Investment Decision – Nasdaq Journal (nasdaqjournal.com)
- What Analysts say About Scorpio Tankers Inc (STNG)? – AppsforPCdaily (appsforpcdaily.com)
- Investors Alert on Unusual Volume with Scorpio Tankers Inc. (STNG) – Wall Street Morning (wallstreetmorning.com)
- Could Scorpio Tankers Inc. (STNG) Gain Strenght After Forming Wedge Down Pattern? (gamesworlditalia.com)
- Scorpio Tankers Inc. (STNG) Tries to Set Long-Term Obligations for Passive Momentum – Stock News Stop (stockmarketstop.com)
STNG has been the subject of a number of recent research reports. Stifel Nicolaus set a $5.00 price objective on Scorpio Tankers and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Jefferies Group initiated coverage on Scorpio Tankers in a research note on Monday, December 18th. They set a “buy” rating and a $5.00 price objective for the company. UBS Group upgraded Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price objective for the company 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 lowered their price objective on Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $6.17.
Scorpio Tankers (NYSE:STNG) last released its quarterly earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). Scorpio Tankers had a negative return on equity of 6.47% and a negative net margin of 31.12%. The business had revenue of $123.20 million during the quarter, compared to the consensus estimate of $129.54 million. During the same period in the previous year, the company posted ($0.11) EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts anticipate that Scorpio Tankers will post -0.4 earnings per share for the current year.
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Scorpio Tankers Company Profile
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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