Analysts See $-0.05 EPS for Scorpio Tankers Inc

(NYSE:STNG) will post sales of $160.45 million for the current fiscal quarter, according to Zacks.

Investors rushed to trade on Scorpio Tankers Inc (NYSE: STNG) Friday, soon after a drastic change of 2.61% in the share price was observed and the stock become able to close its trade at $2.36. The EPS diference is $0.02 or 28.57 % up from last years number. (NYSE:STNG) to report earnings on April, 25.

Among 23 analysts covering United Rentals Inc.

Wall Street stocks finished lower on Friday (Apr 13) after a batch of earnings reports from large United States banks sparked a selloff in financial shares. Zacks Investment Research's sales averages are an average based on a survey of analysts that follow Scorpio Tankers. After $-0.14 earnings per share was reported last quarter, analysts now see EPS growth of -64.29 % for Scorpio Tankers Inc. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.01. Scorpio Tankers had a negative return on equity of 6.73% and a negative net margin of 30.86%. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company's stock worth $254,000 after purchasing an additional 21,562 shares in the last quarter. The company's quarterly revenue was up 39.9% compared to the same quarter past year. 1,944,407 shares of the stock were exchanged, compared to its average volume of 3,862,920. On Monday, October 30 Jefferies maintained the shares of STNG in report with "Buy" rating. On Monday, December 18 the rating was initiated by Jefferies with "Buy". Scorpio Tankers now has a consensus rating of "Buy" and a consensus price target of $5.03. 2,393,581 shares of the company's stock traded hands, compared to its average volume of 4,268,296. STNG reached $2.36 on during the last trading session after $0.06 change.Currently Scorpio Tankers downtrending after 52.61% change in last April 15, 2017. (NYSE:STNG) rating. Credit Suisse has "Outperform" rating and $4 target.

Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company has a consensus rating of "Buy" and a consensus target price of $5.03. For example, if a stock's beta is 1.2, it's theoretically 20% more volatile than the market. Scorpio Tankers has a 52 week low of $2.01 and a 52 week high of $4.65. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.34 and a quick ratio of 1.29.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Monday, March 12th were issued a $0.01 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.04 annualized dividend and a dividend yield of 1.69%. Scorpio Tankers's dividend payout ratio is now -8.51%. (NYSE:STNG) rating. UBS has "Buy" rating and $5.5 target. Jefferies maintained Scorpio Tankers Inc. The goal is to analyze the current trend using trendlines and then either invest with the current trend until the trendline is broken, or wait for the trendline to be broken and then invest with the new (opposite) trend.

Several hedge funds have recently bought and sold shares of the company. Finally, Lasry Marc acquired a new position in Scorpio Tankers in the 3rd quarter valued at $19,205,000.

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Solus Alternative Asset Management Lp who had been investing in Scorpio Tankers Inc for a number of months, seems to be bullish on the $770.56M market cap company. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. 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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