Jefferies (NYSE:JEF) analyst Randy Giveans maintained a Buy rating on Scorpio Tankers (NYSE:STNG) on Monday, setting a price target of $24, which is approximately 32.52% above the present share price of $18.11.
Giveans expects Scorpio Tankers to post earnings per share (EPS) of -$1.41 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Scorpio Tankers, with an average price target of $23.
The analysts price targets range from a high of $28 to a low of $17.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $138.24 million and a net profit of -$25.62 million. The company's market cap is $1.06 billion.
According to TipRanks.com, Jefferies analyst Randy Giveans is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 51.49% success rate.
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.