Jefferies Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of ($0.06) for the quarter, up from their previous forecast of ($0.13). Jefferies maintained the shares of STNG in report on Wednesday, July 27 with "Buy" rating. (NASDAQ:VERU) to report -0.27 EPS and has got OUTPERFORM rating from 1 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating.
Several other large investors also recently modified their holdings of STNG.
Scorpio Tankers Inc (NYSE:STNG) as of recent trade, has shown weekly downbeat performance of -5.58% which was maintained at -2.65% in 1-month period. Scorpio Tankers Inc (NYSE:STNG)'s price sits -16.41% off from its SMA 50 of $2.47 and -32.73% away from the SMA 200 which is at $3.17. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Sell" signal. Jefferies has "Buy" rating and $5.5000 target. Finally, ValuEngine cut Scorpio Tankers from a "sell" rating to a "strong sell" rating in a research report on Sunday, December 31st.
Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold.More news: Global Flexible Packaging Films Market Report and Forecast to 2023
Scorpio Tankers Inc.'s 20-Day Simple Moving Average is -5.27%. The stock decreased 0.89% or $0.02 during the last trading session, reaching $2.23. The company had a trading volume of 4,022,744 shares, compared to its average volume of 4,770,000. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.34 and a quick ratio of 1.29. (NYSE:STNG) reached all time low today, Mar, 14 and still has $2.04 target or 7.00% below today's $2.19 share price. While it's Return on Investment (ROI) value is -1%.
Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Wednesday, February 14th.
While having a peek at profitability ratios Scorpio Tankers Inc (NYSE:STNG) has trailing twelve month gross margin at 40.1%, its trailing twelve month operating margin stands at -8.8% whereas its trailing twelve month net profit margin spots at -30.9%.
EPS Estimate for the next Quarter is -0.05. The firm's revenue for the quarter was up 39.9% compared to the same quarter past year.More news: Enbridge Energy Partners (EEP) Lowered to Sell at Zacks Investment Research
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th.
On 12 March 2018, Veru Inc. This represents a $0.04 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, March 9th. Scorpio Tankers's dividend payout ratio is presently -5.33%. Shares are trading price at $2.25 with move of 1.35%.
Bank of New York Mellon Corp lifted its stake in shares of Scorpio Tankers Inc. Principal Financial Group Inc. now owns 27,152 shares of the shipping company's stock valued at $108,000 after purchasing an additional 1,316 shares in the last quarter. Wells Fargo maintained American International Group, Inc. The institutional investor held 4.60M shares of the consumer services company at the end of 2017Q3, valued at $297.02M, up from 4.40 million at the end of the previous reported quarter. New York State Common Retirement Fund lifted its position in shares of Scorpio Tankers by 12.3% during the 2nd quarter. Nationwide Fund Advisors now owns 131,118 shares of the shipping company's stock valued at $521,000 after purchasing an additional 5,041 shares in the last quarter. About 1.41 million shares traded. Solus Alternative Asset Management Lp who had been investing in Scorpio Tankers Inc for a number of months, seems to be bullish on the $715.05M market cap company. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark laws. Prudential Financial Inc bought 62,850 shares as the company's stock declined 2.08% while stock markets rallied.More news: Big Bang's Seungri reveals enlistment plan