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$-0.02 EPS Expected for Scorpio Bulkers Inc. (SALT); METALS X LTD ORDINARY SHARES (MLXEF) Shorts Lowered By 34.87%




March 22, 2018 – By Stephen Andrade

Analysts expect Scorpio Bulkers Inc. (NYSE:SALT) to report $-0.02 EPS on April, 19.They anticipate $0.21 EPS change or 91.30% from last quarter’s $-0.23 EPS. After having $-0.01 EPS previously, Scorpio Bulkers Inc.’s analysts see 100.00% EPS growth. The stock increased 2.70% or $0.2 during the last trading session, reaching $7.6. About 337,129 shares traded. Scorpio Bulkers Inc. (NYSE:SALT) has risen 75.90% since March 22, 2017 and is uptrending. It has outperformed by 59.20% the S&P500.

METALS X LTD ORDINARY SHARES (OTCMKTS:MLXEF) had a decrease of 34.87% in short interest. MLXEF’s SI was 484,900 shares in March as released by FINRA. Its down 34.87% from 744,500 shares previously. With 3,300 avg volume, 147 days are for METALS X LTD ORDINARY SHARES (OTCMKTS:MLXEF)’s short sellers to cover MLXEF’s short positions. The SI to METALS X LTD ORDINARY SHARES’s float is 0.1%. The stock decreased 7.85% or $0.05 during the last trading session, reaching $0.61. About shares traded. Metals X Limited (OTCMKTS:MLXEF) has 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Metals X Limited engages in the operation of tin and copper mines; and exploration and development of base metals projects in Australia. The company has market cap of $369.51 million. It operates through Renison Tin Operations, Wingellina Nickel Project, Nifty Copper Operations, and Maroochydore Copper Project divisions. It currently has negative earnings. The firm holds a 50% interest in the Renison tin project located the west coast of Tasmania; and interest in the Nifty copper project and the Maroochydore copper project in Western Australia.

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. The company has market cap of $586.27 million. The Company’s vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers along worldwide shipping routes. It currently has negative earnings. As of February 28, 2017, the firm owned 47 vessels comprising 19 Kamsarmax vessels and 28 Ultramax vessels.

Among 10 analysts covering Scorpio Bulkers (NYSE:SALT), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Scorpio Bulkers had 27 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Stifel Nicolaus on Thursday, January 7 to “Hold”. The stock of Scorpio Bulkers Inc. (NYSE:SALT) has “Neutral” rating given on Thursday, October 15 by JP Morgan. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, September 25. Deutsche Bank downgraded Scorpio Bulkers Inc. (NYSE:SALT) on Wednesday, November 18 to “Hold” rating. Morgan Stanley maintained Scorpio Bulkers Inc. (NYSE:SALT) on Monday, February 12 with “Equal-Weight” rating. Deutsche Bank upgraded it to “Buy” rating and $3 target in Wednesday, July 29 report. As per Tuesday, January 3, the company rating was upgraded by Deutsche Bank. The stock of Scorpio Bulkers Inc. (NYSE:SALT) has “Buy” rating given on Monday, June 26 by Jefferies. Credit Suisse upgraded the shares of SALT in report on Monday, March 13 to “Outperform” rating. Jefferies initiated Scorpio Bulkers Inc. (NYSE:SALT) on Monday, December 18 with “Buy” rating.

By1 Stephen Andrade



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