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Scorpio Tankers has the Highest Beta in the Oil & Gas Storage & Transportation Industry (STNG, NAT, TNK, LPG, OSG)

By David Diaz

Below are the three companies in the Oil & Gas Storage & Transportation industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Scorpio Tankers ranks highest with a a beta of 1.6. Following is Nordic American with a a beta of 1.5. Teekay Tank-Cl A ranks third highest with a a beta of 1.2.

Dorian Lpg Ltd follows with a a beta of 1.2, and Overseas Shipholding Group, Inc. rounds out the top five with a a beta of 1.1.

SmarTrend recommended that its subscribers protect gains by selling shares of Scorpio Tankers on January 15th, 2020 by issuing a Downtrend alert when the shares were trading at $32.94. Since that call, shares of Scorpio Tankers have fallen 50.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta scorpio tankers nordic american teekay tank-cl a dorian lpg ltd :osg overseas shipholding group inc.