Scorpio Tankers Inc. (NASDAQ:STNG) is scheduled to announce its Q416 earnings results on Monday, February 13th. Analysts expect the company to announce earnings of ($0.19) per share and revenue of $103.95 million for the quarter.
Scorpio Tankers (NASDAQ:STNG) last issued its earnings results on Monday, November 14th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.01. The business earned $114.34 million during the quarter, compared to analyst estimates of $118.30 million. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue was down 49.9% compared to the same quarter last year. On average, analysts expect Scorpio Tankers to post $-0.06 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
Scorpio Tankers Inc. (NASDAQ:STNG) opened at 3.55 on Thursday. Scorpio Tankers Inc. has a 12 month low of $3.50 and a 12 month high of $6.70. The firm has a 50-day moving average price of $4.29 and a 200-day moving average price of $4.51. The stock has a market cap of $571.00 million and a price-to-earnings ratio of 14.73.
STNG has been the topic of a number of recent research reports. Zacks Investment Research downgraded Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Thursday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of Scorpio Tankers in a research report on Wednesday, November 16th. Bank of America Corporation downgraded Scorpio Tankers from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $5.75 to $4.00 in a research report on Tuesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $7.00 price objective on shares of Scorpio Tankers in a research report on Monday, October 17th. Finally, Deutsche Bank AG downgraded Scorpio Tankers from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $4.00 in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.81.
About Scorpio Tankers
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, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.