This is what analysts have to say about Scorpio Tankers Inc. (NYSE:STNG) after last week.

May 20, 2018 - By Clifton Ray

Scorpio Tankers Inc. (NYSE:STNG) Logo

Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage

Among 7 analysts covering Scorpio Tankers Inc (NYSE:STNG), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Scorpio Tankers Inc had 9 analyst reports since November 28, 2017 according to SRatingsIntel. Jefferies initiated the stock with “Buy” rating in Monday, December 18 report. As per Tuesday, November 28, the company rating was maintained by Stifel Nicolaus. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Outperform” rating given on Thursday, February 15 by Credit Suisse. The rating was maintained by Morgan Stanley with “Overweight” on Monday, February 12. The firm has “Buy” rating given on Wednesday, January 24 by Stifel Nicolaus. The rating was upgraded by DNB Markets to “Buy” on Wednesday, April 25. The stock has “Overweight” rating by Morgan Stanley on Wednesday, April 25. Bank of America maintained Scorpio Tankers Inc. (NYSE:STNG) rating on Monday, March 19. Bank of America has “Buy” rating and $2.75 target. Below is a list of Scorpio Tankers Inc. (NYSE:STNG) latest ratings and price target changes.

25/04/2018 Broker: DNB Markets Rating: Buy Upgrade
25/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $3.5 New Target: $3 Maintain
10/04/2018 Broker: Deutsche Bank Rating: Buy
19/03/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $3.85 New Target: $2.75 Maintain
15/02/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $5 New Target: $4 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $5 New Target: $3.5 Maintain
24/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $5.0 Maintain
18/12/2017 Broker: Jefferies Rating: Buy New Target: $5.0 Initiate
28/11/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $6.0 Maintain

The stock increased 1.79% or $0.05 during the last trading session, reaching $2.85. About 4.41M shares traded or 17.98% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 52.61% since May 20, 2017 and is downtrending. It has underperformed by 64.16% the S&P500.

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The company has market cap of $945.15 million. As of March 15, 2017, it owned 78 tankers comprising 22 LR2 tankers, 14 Handymax tankers, and 42 MR tankers with an average age of approximately 2.3 years; and 19 time chartered-in tankers, including 9 Handymax, 8 MR, 1 LR1, and 1 LR2 tankers. It currently has negative earnings.

More recent Scorpio Tankers Inc. (NYSE:STNG) news were published by: Globenewswire.com which released: “Scorpio Tankers Inc. Announces Offer to Exchange Existing Convertible Notes” on May 10, 2018. Also Hellenicshippingnews.com published the news titled: “DNB Markets Upgrades Scorpio Tankers (NYSE:STNG) to Buy” on May 15, 2018. Globenewswire.com‘s news article titled: “Scorpio Tankers Inc. Announces Commitments for New Loan Facilities” with publication date: May 01, 2018 was also an interesting one.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Chart

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