Scorpio Tankers (STNG) Shares are Up 9.03%

Scorpio Tankers (STNG) : Traders are bullish on Scorpio Tankers (STNG) as it has outperformed the S&P 500 by a wide margin of 19.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.03% in the last 1 week, and is up 22.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Scorpio Tankers (NYSE:STNG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.98 and $4.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.19, notching a gain of 4.85% for the day. The total traded volume was 2,480,705 . The stock had closed at $4.95 on the previous day.

The stock has recorded a 20-day Moving Average of 12.26% and the 50-Day Moving Average is 6.85%. Scorpio Tankers Inc. has dropped 8.22% during the last 3-month period . Year-to-Date the stock performance stands at -32.47%.

Scorpio Tankers (STNG) : 10 Wall Street analysts covering Scorpio Tankers (STNG) believe that the average level the stock could reach for the short term is $8.3. The maximum price target given is $13 and the minimum target for short term is around $5, hence the standard deviation is calculated at $2.31.


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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