Billionaire Marc Lasry’s Top Picks Heading Into 2015: YRC Worldwide Inc (YRCW), Houghton Mifflin Harcourt Co (HMHC), Meritor Inc (MTOR), More

Scorpio Tankers Inc. (NYSE:STNG) is the final entry on our list, and fifth in value within Lasry’s equity portfolio. Lasry initiated a position on Scorpio Tankers during the second quarter of 2013, and on its sister company Scorpio Bulkers Inc (NYSE:SALT) in the fourth quarter of that same year (also the same quarter as that company’s IPO). Lasry’s position in Scorpio Tankers was unchanged, at 6.41 million shares.

Scorpio Tankers Inc. (NYSE:STNG) has not provided the same value as some of Lasry’s other investments, losing 26.42% during 2014, as the marine transportation company that transports crude oil and refined petroleum, with a fleet of 65 tankers, has been hit hard by the sliding oil prices, as must stocks in the energy sector have.

Despite a recent earnings estimate forecast that of $0.10 to $0.14 per share for the fourth quarter, below analysts estimates of $0.18, both Credit Suisse and Canaccord Genuity have raised their price targets on the stock, to $14 and $11 respectively, with Canaccord upgrading its rating on Scorpio Tankers to ‘Buy’. Scorpio Tankers Inc. (NYSE:STNG) closed on Friday at $8.29, and will announce its fourth quarter results on March 2.

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