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Principale » Most Active Stock: Scorpio Tankers Inc. (STNG)

Most Active Stock: Scorpio Tankers Inc. (STNG)

10 Juin 2017

For the current quarter Scorpio Tankers Inc (NYSE:STNG) has low EPS estimates of $-0.26. The firm earned "Buy" rating on Tuesday, May 30 by Jefferies. Cowen and Company reaffirmed an "outperform" rating and set a $7.00 target price (down from $10.00) on shares of Scorpio Tankers in a research report on Thursday, April 27th.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.06 per share, according to consensus of 9 analysts.

Bowling Portfolio Management Llc, which manages about $492.89 million and $673.45M US Long portfolio, decreased its stake in Verizon Communications (NYSE:VZ) by 7,527 shares to 56,569 shares, valued at $3.02M in 2016Q4, according to the filing. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The institutional investor owned 572,218 shares of the shipping company's stock after buying an additional 95,766 shares during the period. (NYSE:STNG) earned "Buy" rating by Jefferies on Friday, May 26. Finally, Morgan Stanley upgraded Scorpio Tankers from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $4.50 to $5.50 in a report on Tuesday, February 14th. The last session's volume of 4.86 million shares was higher than its average volume of 723,134 shares. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, May 26 report.

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The underlying factor affecting all these companies' results, of course, is the health of the oil shipping market - and in particular, the rates that oil and related shippers can charge for their services, as represented by the Baltic Clean (and Dirty) Tanker Index. Bank of America initiated the stock with "Buy" rating in Tuesday, July 21 report. Bush Jonathan had sold 4,000 shares worth $504,380. The original version of this report can be accessed at https://www.thestockobserver.com/2017/06/09/scorpio-tankers-inc-stng-position-lowered-by-cipher-capital-lp-updated.html. Bank of America Corp's target price suggests a potential upside of 64.84% from the company's previous close. A stock rating will generally tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. The company was upgraded on Thursday, February 18 by Deutsche Bank. The company's market cap is $839.77 Million. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.90. Its down 0.17, from 1.31 in 2016Q3. 65 funds opened positions while 115 raised stakes. Plante Moran Fincl Advisors Lc invested in 0.03% or 427 shares. Cubist Systematic Strategies Lc reported 10,828 shares or 0.09% of all its holdings. The firm has "Buy" rating by Jefferies given on Wednesday, July 27. (NYSE:WSM). Johnson Financial Inc reported 600 shares. Bush Odonnell Advsr holds 9,280 shares. Cubist Systematic Strategies Limited Com holds 25,616 shares or 0.1% of its portfolio. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. Finally, Seaport Global Securities reissued a "buy" rating and issued a $7.50 target price on shares of Scorpio Tankers in a research report on Thursday, May 25th. 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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