Scorpio Tankers Inc. (NASDAQ:STNG) announced a quarterly dividend on Tuesday, February 14th. Investors of record on Thursday, February 23rd will be paid a dividend of 0.01 per share on Thursday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, February 21st.
Shares of Scorpio Tankers (NASDAQ:STNG) opened at 4.47 on Wednesday. The company has a 50 day moving average price of $4.21 and a 200 day moving average price of $4.48. Scorpio Tankers has a one year low of $3.50 and a one year high of $6.70. The company has a market cap of $718.97 million and a P/E ratio of 18.55.
Scorpio Tankers (NASDAQ:STNG) last announced its quarterly earnings results on Monday, February 13th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The company earned $105.60 million during the quarter, compared to analyst estimates of $103.95 million. During the same period in the prior year, the firm earned $0.21 EPS. Scorpio Tankers’s quarterly revenue was down 40.5% on a year-over-year basis. Equities research analysts expect that Scorpio Tankers will post $0.14 earnings per share for the current year.
Several research firms recently weighed in on STNG. Jefferies Group LLC reissued a “buy” rating and set a $6.00 price objective on shares of Scorpio Tankers in a research report on Wednesday, November 16th. Deutsche Bank AG cut Scorpio Tankers from a “buy” rating to a “hold” rating and cut their price objective for the stock from $9.00 to $4.00 in a research report on Tuesday, November 15th. Morgan Stanley raised Scorpio Tankers from an “equal weight” rating to an “overweight” rating and set a $5.50 price objective for the company in a research report on Tuesday. Zacks Investment Research raised Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Saturday, October 29th. Finally, TheStreet cut Scorpio Tankers from a “c” rating to a “d+” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.94.
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About Scorpio Tankers
Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: 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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