Scorpio Tankers (STNG) jumps almost 10%
What’s up with Scorpio Tankers?
Scorpio Tankers (STNG) opened at $21.20, which means the stock is up 9.09% from yesterday’s closing price of 20.69. Today, the company has a high of $22.79 and a low of $21.01. The company has a market cap of $1.33 billion with a 52-week high of $40.45 and a 52-week low of $12.35.
What about the future for Scorpio Tankers?
The high forecast for Scorpio Tankers is 55.00 while the low is 25.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Scorpio Tankers has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information STNG seems to be a safe buy.
About Scorpio Tankers
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.