Wall Street brokerages predict that Scorpio Tankers Inc. (NYSE:STNG) will post $235.16 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Scorpio Tankers’ earnings, with the lowest sales estimate coming in at $221.51 million and the highest estimate coming in at $241.16 million. Scorpio Tankers posted sales of $167.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 40.6%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 19th.

According to Zacks, analysts expect that Scorpio Tankers will report full year sales of $715.11 million for the current year, with estimates ranging from $704.22 million to $720.19 million. For the next fiscal year, analysts expect that the company will report sales of $1.02 billion, with estimates ranging from $888.12 million to $1.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Scorpio Tankers.

Several research firms have weighed in on STNG. Evercore ISI reaffirmed a “buy” rating on shares of Scorpio Tankers in a research report on Monday, November 11th. Deutsche Bank lifted their target price on Scorpio Tankers from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Zacks Investment Research raised Scorpio Tankers from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus downgraded Scorpio Tankers from a “buy” rating to a “hold” rating and lifted their target price for the company from $32.00 to $37.00 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Scorpio Tankers has a consensus rating of “Buy” and an average target price of $36.71.

Several institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Scorpio Tankers during the fourth quarter worth about $31,000. California State Teachers Retirement System grew its position in shares of Scorpio Tankers by 1.6% during the third quarter. California State Teachers Retirement System now owns 67,784 shares of the shipping company’s stock worth $2,017,000 after buying an additional 1,041 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Scorpio Tankers by 6.6% during the second quarter. Parametric Portfolio Associates LLC now owns 31,943 shares of the shipping company’s stock worth $943,000 after buying an additional 1,967 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Scorpio Tankers during the fourth quarter worth about $79,000. Finally, Rhumbline Advisers grew its position in shares of Scorpio Tankers by 4.8% during the fourth quarter. Rhumbline Advisers now owns 72,147 shares of the shipping company’s stock worth $2,838,000 after buying an additional 3,331 shares in the last quarter. 49.93% of the stock is owned by institutional investors and hedge funds.

NYSE STNG traded down $0.40 during trading on Friday, hitting $22.82. The stock had a trading volume of 835,800 shares, compared to its average volume of 1,555,389. The company has a market capitalization of $1.34 billion, a PE ratio of -14.00 and a beta of 1.16. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average price of $30.83 and a 200 day moving average price of $30.98. Scorpio Tankers has a twelve month low of $16.77 and a twelve month high of $40.45.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers.

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