Scorpio Tankers (NASDAQ:STNG) Earns News Impact Rating of 0.18

Headlines about Scorpio Tankers (NASDAQ:STNG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scorpio Tankers earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 45.5189548147317 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of Scorpio Tankers (NASDAQ STNG) opened at 3.36 on Friday. The stock’s market cap is $546.71 million. Scorpio Tankers has a one year low of $3.32 and a one year high of $5.53. The company has a 50-day moving average price of $3.76 and a 200 day moving average price of $3.98.

A number of brokerages recently issued reports on STNG. BidaskClub downgraded shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Cowen and Company reiterated an “outperform” rating and issued a $7.00 target price (down from $10.00) on shares of Scorpio Tankers in a report on Thursday, April 27th. Credit Suisse Group set a $7.00 target price on Scorpio Tankers and gave the stock a “buy” rating in a report on Monday, July 31st. Seaport Global Securities reiterated a “buy” rating and issued a $7.50 target price on shares of Scorpio Tankers in a report on Thursday, May 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $8.00 target price on shares of Scorpio Tankers in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Scorpio Tankers has an average rating of “Buy” and a consensus price target of $6.44.

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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).

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