Scorpio Tankers Inc. (STNG) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.13 to $8.96 in the past one-month time frame.
The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.
Scorpio Tankers currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
However, better-ranked stocks in the trans-ship industry include Rand Logistics, Inc. (RLOG), Costamare Inc. (CMRE) and Ship Finance International Limited (SFL). All of these have a Zacks Rank #1 (Strong Buy).
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