Equities researchers at Seaport Global Securities lifted their FY2017 earnings per share estimates for shares of Scorpio Tankers in a note issued to investors on Wednesday, Zacks Investment Research reports. Monarch Alternative Capital LP acquired a new stake in shares of Scorpio Tankers in the 3rd quarter valued at $32,371,000. The stock increased 3.29% or $0.1 during the last trading session, reaching $3.14.
Insider ownership increased by a total of 0 shares, which suggests that STNG's key executives are feeling more optimistic about the outlook for the stock. Financial Architects Inc acquired 11,814 shares as Procter And Gamble Co (PG)'s stock declined 5.32%. The firm has "Buy" rating by Stifel Nicolaus given on Tuesday, November 28.
Investors sentiment decreased to 0.82 in Q2 2017. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company's stock valued at $57,839,000 after purchasing an additional 875,100 shares in the last quarter.
Pareteum Corporation (NYSE:TEUM) have diverse level of ownership with Scorpio Tankers Inc.
Currently Scorpio Tankers Inc (NYSE:STNG)'s shares owned by insiders are 3.2%, whereas shares owned by institutional owners are 61.8%. The firm has "Overweight" rating given on Friday, November 17 by Morgan Stanley.
In terms of Buy, Sell or Hold recommendations, Scorpio Tankers Inc (NYSE:STNG) has analysts' mean recommendation of 1.8. The third largest holder is Fmr Llc, which now holds $32.89 million worth of this stock and that ownership represents almost 3.26% of its market capitalization. Jefferies maintained it with "Buy" rating and $7 target in Wednesday, July 27 report. Its down 0.12, from 0.94 in 2017Q1.
Ownership trends and trading patterns can be useful tools for predicting a stock's performance, but it's also important to consider the technicals in order to form a more comprehensive view.
On the other hand the company has Relative Strength Index (RSI 14) of 38.29 along with Average True Range (ATR 14) of 0.13, Consequently Scorpio Tankers Inc (NYSE:STNG)'s weekly and monthly volatility is 3.93%, 3.99% respectively. The rating was maintained by Jefferies on Friday, September 29 with "Buy". Jefferies maintained it with "Buy" rating and $5.5 target in Monday, August 28 report. Spinnaker Tru has invested 0.09% in Equifax Inc. The firm earned "Hold" rating on Friday, July 1 by ABN Amro. (NYSE:EFX). Alliancebernstein Limited Partnership has invested 0.04% in Equifax Inc. Deutsche Bank downgraded the shares of STNG in report on Tuesday, November 15 to "Hold" rating.
Impala Asset Management Llc, which manages about $2.53B and $1.97B US Long portfolio, upped its stake in Belmond Ltd (NYSE:BEL) by 76,703 shares to 713,474 shares, valued at $9.49 million in 2017Q2, according to the filing. (NYSE:EFX). Intrust Bankshares Na, Kansas-based fund reported 2,784 shares. Qv Invsts Incorporated reported 102,789 shares. Jefferies Ltd Company accumulated 17,665 shares. This represents a $0.04 annualized dividend and a yield of 1.32%. Therefore 53% are positive. Proctor & Gamble had 71 analyst reports since August 4, 2015 according to SRatingsIntel.
Scorpio Tankers Inc (NYSE:STNG)'s trailing twelve month revenues are $470.4 Million, whereas its price to sales ratio for the same period is 2.05. Wells Fargo maintained it with "Buy" rating and $127.0 target in Friday, October 6 report. The firm has "Buy" rating by RBC Capital Markets given on Tuesday, November 7. Ploder Rodolfo O sold $250,458 worth of Equifax Inc. MML Investors Services LLC raised its holdings in shares of Scorpio Tankers by 137.2% in the second quarter. The firm has "Equal Weight" rating by Stephens given on Monday, May 1.
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.11) by ($0.04). As of March 15, 2017, the Company's fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).
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