Scorpio Tankers (STNG) Receives Daily Coverage Optimism Rating of 0.02

News articles about Scorpio Tankers (NYSE:STNG) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scorpio Tankers earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 47.6673449920932 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

STNG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Credit Suisse Group set a $7.00 target price on shares of Scorpio Tankers and gave the stock a “buy” rating in a research report on Monday, July 31st. Morgan Stanley lowered their target price on shares of Scorpio Tankers from $5.50 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. BidaskClub lowered shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus set a $8.00 price target on Scorpio Tankers and gave the stock a “buy” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $6.44.

Shares of Scorpio Tankers (NYSE STNG) opened at $3.31 on Thursday. Scorpio Tankers has a fifty-two week low of $3.20 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.03 and a quick ratio of 0.99.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Thursday, November 16th. The shipping company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $129.54 million. Scorpio Tankers had a negative net margin of 31.12% and a negative return on equity of 6.47%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. equities research analysts anticipate that Scorpio Tankers will post -0.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 12th. Scorpio Tankers’s dividend payout ratio is currently -5.06%.

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Scorpio Tankers Company Profile

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. 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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