Scorpio Tankers (STNG) Receives Daily Media Sentiment Rating of -0.04

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News headlines about Scorpio Tankers (NYSE:STNG) have trended somewhat negative recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scorpio Tankers earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 47.9428609244276 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

NYSE:STNG traded up $0.07 during trading hours on Friday, hitting $1.91. 1,419,798 shares of the company’s stock traded hands, compared to its average volume of 2,432,910. Scorpio Tankers has a 52 week low of $1.80 and a 52 week high of $3.73. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.73 and a quick ratio of 0.71.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Tuesday, July 31st. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). Scorpio Tankers had a negative net margin of 31.44% and a negative return on equity of 9.08%. The business had revenue of $141.80 million for the quarter, compared to the consensus estimate of $144.35 million. During the same period in the prior year, the business posted ($0.09) EPS. Scorpio Tankers’s quarterly revenue was up 19.8% on a year-over-year basis. equities analysts predict that Scorpio Tankers will post -0.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 20th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.04 annualized dividend and a dividend yield of 2.09%. Scorpio Tankers’s dividend payout ratio is currently -8.51%.

STNG has been the topic of several recent research reports. ValuEngine lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Stifel Nicolaus set a $5.00 price objective on Scorpio Tankers and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Bank of America decreased their target price on Scorpio Tankers from $3.75 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Finally, Morgan Stanley decreased their target price on Scorpio Tankers from $3.00 to $2.70 and set an “overweight” rating for the company in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $4.20.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 22, 2018, its fleet consisted of 109 tankers, including 38 LR2, 12 LR1, 45 MR, and 14 Handymax tankers with an average age of approximately 2.6 years; and 20 time or bareboat chartered-in tankers, which include 2 LR2, 10 MR, and 8 Handymax tankers.

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