Noteworthy Price Action: Scorpio Tankers Inc.’s Stock Is Buy After Today’s Big Increase

Noteworthy Price Action: Scorpio Tankers Inc.'s Stock Is Buy After Today's Big Increase

The stock of Scorpio Tankers Inc. (NYSE:STNG) is a huge mover today! About 3.63M shares traded hands or 14.51% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 35.15% since April 14, 2016 and is downtrending. It has underperformed by 39.84% the S&P500.
The move comes after 5 months positive chart setup for the $792.03 million company. It was reported on Nov, 16 by We have $6.29 PT which if reached, will make NYSE:STNG worth $332.65M more.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage

Out of 5 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Scorpio Tankers Inc. has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Hold” rating by Deutsche Bank on Tuesday, November 15. As per Tuesday, July 26, the company rating was downgraded by UBS. The company was upgraded on Thursday, February 18 by Deutsche Bank. The firm has “Hold” rating by ABN Amro given on Friday, July 1. Deutsche Bank initiated Scorpio Tankers Inc. (NYSE:STNG) on Tuesday, December 15 with “Hold” rating. Bank of America initiated it with “Buy” rating and $13.5 target price in Tuesday, July 21 report. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Buy” rating given on Wednesday, July 27 by Jefferies.

According to Zacks Investment Research, “Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. The Company’s initial fleet consists of three modern panamax tankers. Its vessels carry petroleum products and crude oil for integrated oil companies, oil traders, and other customers. Scorpio Tankers Inc. is headquartered in Monaco, Scorpio.”

Another recent and important Scorpio Tankers Inc. (NYSE:STNG) news was published by which published an article titled: “Scorpio Tankers Inc. Announces the Death of Director” on November 14, 2016.

STNG Company Profile

Scorpio Tankers Inc. (Scorpio Tankers), incorporated on July 1, 2009, is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Firm operates through four divisions: 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.

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