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Evercore ISI Reaffirms Their Buy Rating on Scorpio Tankers (STNG)

Tipranks - Tipranks - Wed Feb 18, 7:48AM CST

In a report released today, Jonathan Chappell from Evercore ISI maintained a Buy rating on Scorpio Tankers, with a price target of $83.00.

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According to TipRanks, Chappell is a 5-star analyst with an average return of 19.2% and a 67.81% success rate. Chappell covers the Industrials sector, focusing on stocks such as XPO, FedEx, and Old Dominion Freight.

In addition to Evercore ISI, Scorpio Tankers also received a Buy from TipRanks – xAI’s xAi Oil and Gas Midstream in a report issued on February 14. However, on February 13, Bank of America Securities reiterated a Sell rating on Scorpio Tankers (NYSE: STNG).

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Based on Scorpio Tankers’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $252.65 million and a net profit of $128.12 million. In comparison, last year the company earned a revenue of $203.97 million and had a net profit of $68.56 million

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