Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Scorpio Tankers (STNG – Research Report) yesterday and set a price target of $26.00. The company’s shares closed last Tuesday at $22.11.
According to TipRanks.com, Nolan is a 5-star analyst with an average return of 17.3% and a 60.4% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as Cheniere Energy Partners, International Seaways, and Dynagas LNG Partners.
Scorpio Tankers has an analyst consensus of Strong Buy, with a price target consensus of $26.20.
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Scorpio Tankers’ market cap is currently $1.2B and has a P/E ratio of -4.81.
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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.
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