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BTIG Sticks to Its Buy Rating for Scorpio Tankers (STNG)

Tipranks - Tipranks - Thu Feb 5, 6:10AM CST

In a report released today, Gregory Lewis from BTIG reiterated a Buy rating on Scorpio Tankers, with a price target of $80.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 17.8% and a 52.74% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and DHT Holdings.

Currently, the analyst consensus on Scorpio Tankers is a Hold with an average price target of $68.00.

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Based on Scorpio Tankers’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $241.36 million and a net profit of $84.45 million. In comparison, last year the company earned a revenue of $267.99 million and had a net profit of $158.71 million

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