Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Scorpio Tankers (STNG) Stock Price
Media coverage about Scorpio Tankers (NASDAQ:STNG) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scorpio Tankers earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 45.9497296991329 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Scorpio Tankers (NASDAQ:STNG) Receiving Somewhat Positive News Coverage, Accern Reports (campdesrecrues.com)
- Analysts recommend to Buy stock: Vipshop Holdings Limited (VIPS) ,Scorpio Tankers Inc. (STNG) – Street Observer (press release) (streetobserver.com)
- Scorpio Tankers Inc. (STNG) Stake Increased by Dimensional Fund Advisors Lp – Modern Readers (modernreaders.com)
- Scorpio Tankers Inc (STNG) Moves -2.25% – Evergreen Caller (evergreencaller.com)
- Scorpio Tankers Inc. (STNG) Higher EPS Growth Rate Is Indicators of Profitability – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of equities analysts have issued reports on the company. BidaskClub upgraded Scorpio Tankers from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Credit Suisse Group set a $7.00 price target on Scorpio Tankers and gave the stock a “buy” rating in a report on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and set a $8.00 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating and set a $6.00 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Finally, Seaport Global Securities restated a “buy” rating and set a $7.50 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Scorpio Tankers presently has an average rating of “Buy” and a consensus target price of $6.44.
Scorpio Tankers (NASDAQ:STNG) traded down 1.75% during trading on Friday, hitting $3.36. The company’s stock had a trading volume of 2,317,858 shares. Scorpio Tankers has a 12 month low of $3.32 and a 12 month high of $5.53. The firm’s market cap is $754.76 million. The firm has a 50 day moving average of $3.76 and a 200 day moving average of $3.98.
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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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