Scorpio Tankers Inc. (NYSE:STNG) shares gapped down before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.82. Scorpio Tankers shares last traded at $1.81, with a volume of 169888 shares traded.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. ValuEngine cut shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Morgan Stanley decreased their price objective on shares of Scorpio Tankers from $3.00 to $2.70 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus set a $5.00 price objective on shares of Scorpio Tankers and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Bank of America decreased their price objective on shares of Scorpio Tankers from $3.75 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Scorpio Tankers currently has a consensus rating of “Buy” and an average price target of $4.03.

The company has a market cap of $666.58 million, a PE ratio of -3.77 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.51.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Tuesday, July 31st. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $141.80 million during the quarter, compared to the consensus estimate of $144.35 million. Scorpio Tankers had a negative net margin of 31.44% and a negative return on equity of 9.08%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business earned ($0.09) earnings per share. Equities analysts anticipate that Scorpio Tankers Inc. will post -0.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 20th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $0.04 dividend on an annualized basis and a yield of 2.26%. Scorpio Tankers’s dividend payout ratio (DPR) is -8.51%.

Large investors have recently made changes to their positions in the stock. Bienville Capital Management LLC acquired a new stake in Scorpio Tankers in the second quarter valued at approximately $2,445,000. Price Capital Management Inc. acquired a new stake in Scorpio Tankers in the second quarter valued at approximately $688,000. Schwab Charles Investment Management Inc. boosted its position in Scorpio Tankers by 18.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,609,358 shares of the shipping company’s stock valued at $4,523,000 after buying an additional 245,866 shares in the last quarter. Rhumbline Advisers boosted its position in Scorpio Tankers by 26.6% in the second quarter. Rhumbline Advisers now owns 286,362 shares of the shipping company’s stock valued at $805,000 after buying an additional 60,183 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Scorpio Tankers in the second quarter valued at approximately $109,000. 60.65% of the stock is currently owned by institutional investors and hedge funds.

About Scorpio Tankers (NYSE:STNG)

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 22, 2018, its fleet consisted of 109 tankers, including 38 LR2, 12 LR1, 45 MR, and 14 Handymax tankers with an average age of approximately 2.6 years; and 20 time or bareboat chartered-in tankers, which include 2 LR2, 10 MR, and 8 Handymax tankers.

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