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Scorpio Tankers (STNG) Looks Good: Stock Adds 10.3% in Session

Zacks

Scorpio Tankers Inc. STNG was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $1.88 –$2.25 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen three negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Scorpio Tankers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Scorpio Tankers Inc. Price and Consensus


Investors interested in the Transportation – Shipping industry may consider Orient Overseas International Ltd. OROVY, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.

Is STNG going up? Or down? Predict to see what others think: Up or Down

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