Yet another important factor while evaluating a good buy/sell decision for Scorpio Tankers Inc.
The deal makes Scorpio the largest product tanker firm on a US securites exchange, and Scorpio expects that the increased scale of its operations will reduce costs and increase vessel utilization. The fund owned 289,807 shares of the shipping company’s stock after buying an additional 18,139 shares during the period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. For the current quarter Scorpio Tankers Inc (NYSE:STNG) has high EPS estimates of $-0.03 in contradiction of low EPS estimates of $-0.26.
Shares of the company are trading at $4.00 quite a bit higher than the 50 day moving average of $3.63 and which is marginally over the 200 day moving average of $3.95. Finally, Nisa Investment Advisors LLC purchased a new position in Scorpio Tankers during the first quarter worth $158,000. Karp Capital Management Corp acquired a new position in shares of Scorpio Tankers during the first quarter valued at about $164,000. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since August 30, 2016 and is downtrending. Finally, Blair William & Co.
Scorpio Tankers Inc (NYSE:STNG) has average revenue estimates of $130.8 Million, compared to low analyst estimates of $121 Million and high estimates of $165.6 Million for the current quarter. Under the terms of the agreement, Scorpio Tankers will acquire Navig8 Product Tankers’ 27 eco-designed product tanker fleet.
Shares of Scorpio Tankers (NASDAQ:STNG) opened at 3.99 on Monday.
Looking about the past performance history, the company jumped 17.01% for the last five trades and expanded 7.55% in one month period.
The stock’s 50 day moving average is 3.63 and its 200 day moving average is 3.95.
Consequently Scorpio Tankers Inc (NYSE:STNG)’s weekly and monthly volatility is 4.66%, 3.85% respectively. On Wednesday, July 29 the stock rating was maintained by Topeka Capital Markets with “Buy”.
02/21/2017 – Scorpio Tankers Inc. had its “neutral” rating reiterated by analysts at Credit Suisse.
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In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Scorpio Tankers in a research report on Thursday, May 25th. $8.31’s average target is 108.27% above currents $3.99 stock price.
Scorpio Tankers Inc. (NYSE:STNG)’s earnings per share has been growing at a 44.3 percent rate over the past 5 year when average revenue increase was noted as 44.8 percent. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Scorpio Tankers has a consensus rating of “Buy” and a consensus target price of $6.44.