With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.98 million shares. The 52-week range on STNG shows that it touched its highest point at $84.67 and its lowest point at $41.07 during that stretch. It currently has a 1-year price target of $67.83. With its current market cap of 2.09 billion, STNG has annualized dividend of $1.60 while the current yield stands at 3.81%. Beta for the stock currently stands at -0.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STNG was down-trending over the past week, with a drop of -4.94%, but this was down by -12.09% over a month. Three-month performance dropped to -24.69% while six-month performance fell -40.75%. The stock lost -37.01% in the past year, while it has lost -15.58% so far this year. A look at the trailing 12-month EPS for STNG yields 13.05 with Next year EPS estimates of 7.16. For the next quarter, that number is 0.87. This implies an EPS growth rate of -37.71% for this year and 14.07% for next year.
Float and Shares Shorts:
At present, 49.92 million STNG shares are outstanding with a float of 46.15 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STNG since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.941 being high and $9.64444 being low. For STNG, this leads to a yearly average estimate of $10.06333. Based on analyst estimates, the high estimate for the next quarter is $2.4 and the low estimate is $0.13. The average estimate for the next quarter is thus $1.45.
