In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on Scorpio Tankers (STNG – Research Report), with a price target of $80.00. The company’s shares opened today at $62.35.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Scorpio Tankers with a $76.67 average price target.
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STNG market cap is currently $3.34B and has a P/E ratio of 5.10.
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Scorpio Tankers (STNG) Company Description:
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.
Read More on STNG:
- Largest borrow rate increases among liquid names
- Unusually active option classes on open December 18th
- Scorpio Tankers price target lowered by $5 at BofA, here’s why
- Scorpio Tankers’ bookings update shows rates better than expected, says Stifel
- Scorpio Tankers provides update on Q4 Daily TCE Revenues and lease activity
