Scorpio Tankers Inc. (STNG) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 6.70% in the past one-month time frame.
This shipping stock witnessed one negative revision over the last 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Scorpio Tankers carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include DHT Holdings, Inc. (DHT), Paragon Shipping Inc. (PRGN) and Ship Finance International Limited (SFL). All these stocks sport a Zacks Rank #1 (Strong Buy).
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SCORPIO TANKERS INC (STNG): Free Stock Analysis Report
DHT HOLDINGS INC (DHT): Free Stock Analysis Report
PARAGON SHIPPING CL A (PRGN): Free Stock Analysis Report
SHIP FINANCE INTERNATIONAL LTD (SFL): Free Stock Analysis Report
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