New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:10 EDTSTNGScorpio Tankers announces update on fleet transactions
Scorpio Tankers announced an update of its fleet. Recently, the company recorded a gain of $51M from the previously announced sale agreement of the seven VLCC newbuilding contracts, took delivery of STI Texas City, finalized the previously announced sale agreements of Noemi and Senatore and reported that the previously announced sale agreement of STI Spirit, which is expected to be finalized before the end of April. In March, the company received the proceeds from the sale of the seven VLCC newbuilding contracts and recorded a gain of $51M in Q1. At the end of March, the company took delivery of STI Texas City, an MR product tanker newbuilding from SPP Shipbuilding Co., Ltd. of South Korea, which began a two-year time charter at a current market level plus a profit sharing component upon delivery. The loss related to the sales of Noemi and Senatore, 2004 built LR1 product tankers, was recorded in 4Q13. The loss related to the sale for STI Spirit, 2008 built LR2 product tanker, was also recorded in 4Q13.
News For STNG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
06:45 EDTSTNGScorpio Tankers price target raised to $14 from $12 at Credit Suisse
Credit Suisse raised Outperform rated Scorpio Tankers' price target to $14 to reflect rising rates and asset prices. The analyst said Q1 is shaping up nicely with MR product tanker rates averaging $25k/d quarter-to-date vs. $20k/d in Q4.
January 21, 2015
10:01 EDTSTNGOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
08:04 EDTSTNGScorpio Tankers sees Q4 EPS 10c-14c, consensus 17c
Subscribe for More Information
07:45 EDTSTNGScorpio Tankers upgraded to Buy at Canaccord
As previously reported, Canaccord upgraded Scorpio Tankers to Buy from Hold due to changing product tanker supply/demand fundamentals. Canaccord raised its price target to $11 from $9 on Scorpio Tankers shares.
06:18 EDTSTNGScorpio Tankers upgraded to Buy from Hold at Canaccord

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use