Scorpio Tankers (STNG) : Analyst Rating Update

Scorpio Tankers (STNG) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Scorpio Tankers (STNG) : Currently there are 9 street experts covering Scorpio Tankers (STNG) stock. The most bullish and bearish price target for the stock is $13 and $7 respectively for the short term. The average price target of all the analysts comes to $9.31. The estimated standard deviation from the target is $1.78.

Scorpio Tankers (NYSE:STNG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.15 and $4.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.35, notching a gain of 3.57% for the day. The total traded volume was 4,278,630 . The stock had closed at $4.20 on the previous day.

Also, ABN Amro upgrades its rating on Scorpio Tankers (NYSE:STNG). Analysts at the ABN Amro have a current rating of Hold on the shares. The shares were previously rated Sell. The rating by the firm was issued on July 1, 2016. The company shares have dropped -58.21% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.64 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $5.16 and the 200 Day Moving Average price is recorded at $5.87.

Scorpio Tankers Inc. is a provider of seaborne transportation of refined petroleum products and crude oil to the international shipping markets. The Companys fleet consists of 66 wholly owned tankers (10 LR2 tankers, two LR1 tankers, 15 Handymax tankers and 39 MR tankers) with a weighted average age of approximately 1.1 years and 20 time chartered-in tankers, which it operate (seven Handymax tankers, three MR tankers, five LR1 tankers and five LR2 tankers). In addition, the Company has contracts for the construction of 14 newbuilding product tankers (six MR tankers and eight LR2 tankers) (Newbuilding Program). The Companys total oil tanker fleet (crude, products and product/chemical tankers) consisted of 3,138 ships with a combined capacity of 407 million deadweight tonnage.

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