Scorpio Tankers profit bodes well for product carrier sector in earnings seasons, analysts say

After a strong first-quarter performance, Scorpio Tankers is undervalued and positioned for share price gains, analysts believe.

The positive report bodes well for peers in earnings season, they said.

Clarksons predicts weaker tanker earnings next year as deliveries take their toll

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Scorpio’s Ebitda to 31 March was $106m, ahead of the Bloomberg consensus of $100m.