Zacks Investment Research downgraded Scorpio Tankers Inc. (NASDAQ:STNG) to Sell in a statement released earlier today.
- Updated: October 2, 2016
Boasting a price of $4.64, Scorpio Tankers Inc. (NASDAQ:STNG) traded 1.31% higher on the day. With the last stock price close down -12.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Scorpio Tankers Inc. has recorded a 50-day average of $4.92 and a two hundred day average of $5.27. Volume of trade was up over the average, with 4,964,521 shares of STNG changing hands over the typical 3,009,320
Zacks Investment Research has downgraded Scorpio Tankers Inc. (NASDAQ:STNG) to Sell in a statement released on Wednesday September 28, 2016.
With a total market value of $0, Scorpio Tankers Inc. has price-earnings ratio of 5.31 with a one year low of $4.05 and a one year high of $10.33 .
A total of 16 equity analysts have released a research note on STNG. Four equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.42.
More About Scorpio Tankers Inc. (NASDAQ:STNG)
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. In addition, the Company has contracts for the construction of approximately 12 newbuilding product tankers (over eight MR tankers and approximately four LR2 tankers), which it refers to as its Newbuilding Program.
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