Scorpio Tankers Inc. (STNG) Set to Announce Quarterly Earnings on Thursday

Scorpio Tankers Inc. (NYSE:STNG) will announce its earnings results before the market opens on Thursday, November 16th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Monday, September 18th. The shipping company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The firm had revenue of $118.40 million for the quarter, compared to analyst estimates of $130.03 million. Scorpio Tankers had a negative return on equity of 19.98% and a negative net margin of 57.63%. The firm’s quarterly revenue was down 13.7% compared to the same quarter last year.

Scorpio Tankers Inc. (NYSE:STNG) opened at $3.36 on Wednesday. Scorpio Tankers Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $4.93.

STNG has been the subject of a number of recent analyst reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $7.00 price target on shares of Scorpio Tankers in a research report on Tuesday, September 19th. Stifel Nicolaus set a $8.00 price target on Scorpio Tankers and gave the company a “buy” rating in a research report on Monday, August 28th. BidaskClub upgraded Scorpio Tankers from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $5.50 price target (down previously from $6.00) on shares of Scorpio Tankers in a research report on Saturday, July 22nd. Finally, Zacks Investment Research lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $6.25.

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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, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).

Earnings History for Scorpio Tankers (NYSE:STNG)

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