Scorpio Tankers (NYSE:STNG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Scorpio Tankers (NYSE:STNG) from a "hold" to a buy rating in its Saturday report.
• Scorpio Tankers beat expectations for the quarter, reporting $1.62 EPS versus $1.37 expected and revenue of $252.65M, up 23.8% year‑over‑year.
• Analysts hold a consensus Moderate Buy with an average target of $80.50, while the stock trades around $74.53 and has a market cap of $3.86 billion.

Scorpio Tankers (NYSE:STNG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Scorpio Tankers in a report on Monday, December 29th. B. Riley Financial reiterated a "buy" rating on shares of Scorpio Tankers in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $83.00 price objective on shares of Scorpio Tankers in a report on Friday, February 13th. Moffett Nathanson upgraded Scorpio Tankers to a "neutral" rating in a report on Monday, January 12th. Finally, Evercore reiterated an "outperform" rating and issued a $83.00 price objective on shares of Scorpio Tankers in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.50.

Scorpio Tankers Trading Down 1.9%

STNG stock opened at $74.53 on Friday. The company has a market cap of $3.86 billion, a P/E ratio of 10.54 and a beta of -0.32. Scorpio Tankers has a twelve month low of $33.21 and a twelve month high of $81.85. The company has a quick ratio of 9.23, a current ratio of 9.33 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $72.29 and a 200-day moving average of $62.35.

Scorpio Tankers (NYSE:STNG - Get Free Report) last released its earnings results on Friday, February 13th. The shipping company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.25. The company had revenue of $252.65 million during the quarter, compared to the consensus estimate of $238.93 million. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.The firm's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, equities research analysts expect that Scorpio Tankers will post 5.29 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in Scorpio Tankers by 3.1% in the fourth quarter. Kestra Advisory Services LLC now owns 5,286 shares of the shipping company's stock valued at $269,000 after acquiring an additional 158 shares during the period. Versant Capital Management Inc grew its stake in Scorpio Tankers by 17.4% in the third quarter. Versant Capital Management Inc now owns 1,160 shares of the shipping company's stock valued at $65,000 after acquiring an additional 172 shares during the period. Public Employees Retirement System of Ohio grew its stake in Scorpio Tankers by 15.8% in the third quarter. Public Employees Retirement System of Ohio now owns 1,418 shares of the shipping company's stock valued at $79,000 after acquiring an additional 194 shares during the period. Clearstead Advisors LLC grew its stake in Scorpio Tankers by 67.9% in the third quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company's stock valued at $28,000 after acquiring an additional 205 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Scorpio Tankers by 1.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the shipping company's stock valued at $680,000 after acquiring an additional 223 shares during the period. 54.64% of the stock is owned by institutional investors and hedge funds.

Scorpio Tankers Company Profile

Scorpio Tankers Inc NYSE: STNG is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.

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