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Scorpio Tankers Inc. (STNG) [hlAlert]

Rating:
Buy STNG
up 52.39 %

Scorpio Tankers Inc. (STNG) rated Buy with price target $11.50 by Global Hunter Securities

Posted on: Wednesday,  Apr 17, 2013  10:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Scorpio Tankers Inc. (NYSE: STNG) on 04/17/2013. Previously Global Hunter Securities rated Buy Scorpio Tankers Inc. (NYSE: STNG)
on 09/13/2012., when the stock price was $6.05. Since then, Scorpio Tankers Inc. has gained 52.40% as of 12/15/2015's recent price of $9.22.
If you would have followed the previous Global Hunter Securities's recommendation on STNG, you would have gained 52.39% of your investment in 1188 days.

Scorpio Tankers Inc. (Scorpio Tankers) provides seaborne transportation of crude oil and other petroleum products worldwide. The Company owns and operates three Panamax tanker vessels, which it refers to as its initial fleet, that has an average age of 6.5 years as of January 1, 2010. Two of these tankers, Noemi and Senatore, are employed under fixed-rate, long-term time charters that, as of January 1, 2010, have remaining durations of approximately 24 and nine months, respectively. On October 1, 2009, Simon Financial Limited (Simon) transferred to Scorpio Tankers three operating subsidiary companies and its subsidiaries are engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets. The Company's vessels are commercially managed by Scorpio Commercial Management S.A.M. (SCM) which is a subsidiary of Simon. SCM's services include securing employment, in the spot market and on time charters, for the Company's vessels.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 10:25 AM Buy
None
7.97 11.50
as of 12/13/2013
1 Week down  -1.34 %
1 Month down  -7.70 %
3 Months up  14.43 %
1 YTD up  54.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2012 9:25 AM Buy
None
6.05 7.00

(*) Stock Price at the time of the recommendation.
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