Scorpio Tankers Inc. STNG was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.86 to $23.80 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Scorpio Tankers currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Scorpio Tankers Inc. Price
Scorpio Tankers Inc. price | Scorpio Tankers Inc. Quote
Investors interested in the Transportation - Shipping industry may consider DHT Holdings, Inc. DHT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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