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TheStreet Wire

Scorpio Tankers Stock Gaps Down On Today's Open (STNG)

By TheStreet Wire 12/01/11 - 09:01 AM EST

Find out if (STNG) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Scorpio Tankers (NYSE:STNG) were gapping down Thursday morning with an open price 19.4% lower than Wednesday's closing price. The stock closed at $6.66 Wednesday and opened today's trading at $5.37.

The average volume for Scorpio Tankers has been 111,300 shares per day over the past 30 days. Scorpio Tankers has a market cap of $197.5 million and is part of the services sector and transportation industry. Shares are down 34.1% year to date as of the close of trading on Wednesday.

Scorpio Tankers Inc. provides marine transportation of crude oil and refined petroleum products worldwide. As of April 26, 2011, it owned one LR2 tanker, four LR1 tankers, four Handymax tankers, and one post-Panamax tanker, as well as chartered one LR1 and four Handymax product tankers.

TheStreet Ratings rates Scorpio Tankers as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Scorpio Tankers Ratings Report.

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