Short Term Price Target on Scorpio Tankers (STNG)

Scorpio Tankers (NYSE:STNG) : Currently there are 9 street experts covering Scorpio Tankers (NYSE: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 Inc. has lost 9.68% in the last five trading days and dropped 27.59% in the last 4 weeks. Scorpio Tankers Inc. has dropped 25.21% during the last 3-month period . Year-to-Date the stock performance stands at -45.36%.

Scorpio Tankers (NYSE:STNG) : Zacks Investment Research ranks Scorpio Tankers (NYSE:STNG) as 5, which is a Strong Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.22, which indicates as a Strong Buy.

Scorpio Tankers (NYSE:STNG): The stock opened at $4.31 on Thursday but the bulls could not build on the opening and the stock topped out at $4.35 for the day. The stock traded down to $4.10 during the day, due to lack of any buying support eventually closed down at $4.20 with a loss of -4.55% for the day. The stock had closed at $4.40 on the previous day. The total traded volume was 4,514,364 shares.

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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