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STNG

Scorpio Tankers

$2.80

0.045 (1.64%)

16:19
05/17/18
05/17
16:19
05/17/18
16:19

Scorpio Tankers to sell, leaseback five product tankers to AVIC

Scorpio Tankers announced that it has agreed to sell and leaseback three MR product tankers and two LR2 product tankers to AVIC International Leasing. Upon completion, the company's liquidity is expected to increase by $42M in aggregate after the repayment of outstanding debt. These lease financing arrangements are part of the company's new financing initiatives that were announced on April 25. As part of the agreements, the company will bareboat charter-in the vessels for a period of eight years. In addition, the company has purchase options beginning at the end of the second year of each agreement. There is also a purchase obligation for each vessel upon the expiration of each agreement. These lease financing arrangements are subject to customary conditions precedent and the execution of definitive documentation.

STNG Scorpio Tankers
$2.80

0.045 (1.64%)

11/29/17
DBAB
11/29/17
NO CHANGE
Target $5
DBAB
Buy
Scorpio equity offering a 'negative surprise,' says Deutsche Bank
Deutsche Bank analyst Amit Mehrotra says last night's equity offering from Scorpio Tankers is a "negative surprise" that tests his positive stance on the shares. The analyst estimates the deal is being done at a price "significantly below" his net asset value calculation. He would like more clarity from management on Scorpio's long-term capital structure strategy. Mehrotra at this time continues to have a Buy rating on the shares with a $5 price target. The shipping company is down 6%, or 21c, to $3.05 in premarket trading.
12/18/17
JEFF
12/18/17
INITIATION
Target $5
JEFF
Buy
Scorpio Tankers assumed with a Buy at Jefferies
Jefferies analyst Randy Giveans assumed coverage of Scorpio Tankers with a Buy rating and $5 price target. The analyst assumed coverage of 23 energy maritime shipping names saying the industry is "primed for significant improvement." For the first time in 10 years, the analyst expects capacity shortages with demand growth to outpace supply growth in every shipping sector in 2018.
04/10/18
DBAB
04/10/18
NO CHANGE
DBAB
Buy
Scorpio Tankers pullback offers 'major opportunity,' says Deutsche Bank
Deutsche Bank analyst Amit Mehrotra sees a "major opportunity" in shares of Scorpio Tankers with the stock down 38% year-to-date. Market participants are "rightfully concerned" about the expected step-function increase in cash calls related to debt repayments, Mehrotra tells investors in a research note. The negative implication is that Scorpio will have to do a highly dilutive equity offering to meet increasing cash flows, the analyst adds. However, his analysis implies "significant dislocation" if management is able to extend its run-way, which he believes is "highly probable." Mehrotra keeps a Buy rating on Scorpio Tankers.
04/25/18
DNBM
04/25/18
UPGRADE
DNBM
Buy
Scorpio Tankers upgraded to Buy from Hold at DNB Markets
DNB Markets analyst Nicolay Dyvik upgraded Scorpio Tankers to Buy from Hold.

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MSFT

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MSFT

Microsoft

$113.24

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OMAB

OMA Airports

$56.18

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CE

Celanese

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JAZZ

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$11.93

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BBY

Best Buy

$77.70

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DO

Diamond Offshore

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TSM

TSMC

$43.57

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WHD

Cactus

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ZTCOY

ZTE Corp.

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AKCA

Akcea Therapeutics

$26.58

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