Scorpio Tankers Inc. (STNG) Reaches $2.41 After 4.00% Up Move; Kopernik Global Investors Raised Its Cameco (CCJ) Position

April 17, 2018 - By Linda Rogers

Cameco Corporation (NYSE:CCJ) Logo

Kopernik Global Investors Llc increased Cameco Corp (CCJ) stake by 6.48% reported in 2017Q4 SEC filing. Kopernik Global Investors Llc acquired 528,246 shares as Cameco Corp (CCJ)’s stock declined 3.93%. The Kopernik Global Investors Llc holds 8.68 million shares with $80.16 million value, up from 8.16M last quarter. Cameco Corp now has $3.94 billion valuation. The stock increased 1.07% or $0.11 during the last trading session, reaching $10.36. About 1.28 million shares traded. Cameco Corporation (NYSE:CCJ) has declined 17.95% since April 17, 2017 and is downtrending. It has underperformed by 29.50% the S&P500.

The stock of Scorpio Tankers Inc. (NYSE:STNG) is a huge mover today! The stock increased 3.43% or $0.08 during the last trading session, reaching $2.41. About 1.27M shares traded. Scorpio Tankers Inc. (NYSE:STNG) has declined 52.61% since April 17, 2017 and is downtrending. It has underperformed by 64.16% the S&P500.The move comes after 7 months positive chart setup for the $799.23 million company. It was reported on Apr, 17 by Barchart.com. We have $2.51 PT which if reached, will make NYSE:STNG worth $31.97 million more.

Analysts await Scorpio Tankers Inc. (NYSE:STNG) to report earnings on April, 25. They expect $-0.07 EPS, 0.00% or $0.00 from last year’s $-0.07 per share. After $-0.14 actual EPS reported by Scorpio Tankers Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Among 10 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Scorpio Tankers Inc. has $13.5 highest and $2.75 lowest target. $6.03’s average target is 150.21% above currents $2.41 stock price. Scorpio Tankers Inc. had 36 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, February 12, the company rating was maintained by Morgan Stanley. As per Tuesday, November 15, the company rating was downgraded by Deutsche Bank. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, February 18. The firm has “Buy” rating given on Monday, October 30 by Jefferies. The company was maintained on Monday, July 3 by Jefferies. The firm earned “Buy” rating on Friday, September 29 by Jefferies. Bank of America upgraded the stock to “Buy” rating in Friday, May 12 report. The firm earned “Buy” rating on Monday, November 13 by UBS. Bank of America downgraded the shares of STNG in report on Tuesday, January 17 to “Underperform” rating. Seaport Global maintained the shares of STNG in report on Friday, May 26 with “Buy” rating.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Chart

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