Scorpio Tankers Inc. (STNG) Is At $3.23 Formed Wedge; Loews (L) Sentiment Is 1

Scorpio Tankers Inc. (STNG) formed wedge down with $3.13 target or 3.00% below today’s $3.23 share price. Scorpio Tankers Inc. (STNG) has $1.02 billion valuation. The stock increased 0.31% or $0.01 during the last trading session, reaching $3.23. About 7.95M shares traded or 145.50% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since January 13, 2017 and is downtrending. It has underperformed by 40.50% the S&P500.

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company has market cap of $17.77 billion. The firm offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. It has a 18.38 P/E ratio. The Company’s commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workersÂ’ compensation, general and product liability, commercial auto, and umbrella coverages.

Analysts await Loews Corporation (NYSE:L) to report earnings on February, 5. They expect $0.75 earnings per share, down 5.06% or $0.04 from last year’s $0.79 per share. L’s profit will be $252.47M for 17.59 P/E if the $0.75 EPS becomes a reality. After $0.46 actual earnings per share reported by Loews Corporation for the previous quarter, Wall Street now forecasts 63.04% EPS growth.

The stock increased 2.47% or $1.27 during the last trading session, reaching $52.78. About 2.42 million shares traded or 123.51% up from the average. Loews Corporation (L) has risen 15.12% since January 13, 2017 and is uptrending. It has underperformed by 1.58% the S&P500.

America First Investment Advisors Llc holds 4.51% of its portfolio in Loews Corporation for 262,405 shares. Mraz Amerine & Associates Inc. owns 296,562 shares or 4.49% of their US portfolio. Moreover, Eubel Brady & Suttman Asset Management Inc has 3.73% invested in the company for 254,164 shares. The Texas-based St. James Investment Company Llc has invested 3.31% in the stock. Lafayette Investments Inc., a Maryland-based fund reported 165,653 shares.

Among 9 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Scorpio Tankers Inc. had 31 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, September 18, the company rating was maintained by Jefferies. Jefferies maintained Scorpio Tankers Inc. (NYSE:STNG) rating on Thursday, November 16. Jefferies has “Buy” rating and $5.0 target. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, November 28. Bank of America upgraded the shares of STNG in report on Friday, May 12 to “Buy” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, November 15. The company was maintained on Monday, October 30 by Jefferies. Jefferies maintained it with “Buy” rating and $600 target in Tuesday, May 30 report. The firm has “Buy” rating given on Friday, May 26 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of STNG in report on Friday, October 27 with “Buy” rating. The rating was maintained by Jefferies on Friday, September 29 with “Buy”.