Scorpio Tankers Inc. (NYSE:STNG) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Scorpio Tankers, with five buys, five holds and one sell among 11 firms. The average 12-month price target is $90.14, above the reported share price of $78.83.
• Scorpio Tankers reported quarterly EPS of $4.68, exceeding estimates of $4.56, while revenue rose 77.5% year over year to $408.73 million. The company posted a 67.16% net margin and analysts expect $11.06 in full-year EPS.
• Institutional investors own 54.64% of the company, with several major funds increasing their positions. Scorpio Tankers also declared a $0.45 quarterly dividend, equivalent to $1.80 annually and a 2.3% yield.

Shares of Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) have received an average recommendation of "Hold" from the eleven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $90.1429.

A number of equities research analysts recently issued reports on STNG shares. BTIG Research increased their price objective on shares of Scorpio Tankers from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Jefferies Financial Group restated a "buy" rating and issued a $100.00 target price on shares of Scorpio Tankers in a report on Tuesday, August 4th. Evercore restated an "outperform" rating and set a $94.00 target price on shares of Scorpio Tankers in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Scorpio Tankers from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 14th. Finally, Morgan Stanley set a $86.00 price target on shares of Scorpio Tankers in a report on Tuesday, August 18th.

Institutional Investors Weigh In On Scorpio Tankers

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Scorpio Tankers by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,128,150 shares of the shipping company's stock valued at $233,544,000 after purchasing an additional 122,874 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Scorpio Tankers by 12.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,223,015 shares of the shipping company's stock worth $62,166,000 after buying an additional 137,000 shares during the period. Assenagon Asset Management S.A. boosted its stake in Scorpio Tankers by 7.6% during the first quarter. Assenagon Asset Management S.A. now owns 918,223 shares of the shipping company's stock worth $68,555,000 after buying an additional 64,511 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Scorpio Tankers by 68.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 806,049 shares of the shipping company's stock valued at $45,179,000 after acquiring an additional 326,973 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Scorpio Tankers by 8.8% during the third quarter. AQR Capital Management LLC now owns 699,040 shares of the shipping company's stock valued at $39,181,000 after acquiring an additional 56,367 shares during the last quarter. 54.64% of the stock is owned by institutional investors.

Scorpio Tankers Stock Performance

NYSE:STNG opened at $78.83 on Tuesday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 4.92 and a beta of -0.22. Scorpio Tankers has a 1 year low of $48.93 and a 1 year high of $87.39. The stock's 50 day simple moving average is $76.85 and its two-hundred day simple moving average is $76.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.93 and a quick ratio of 6.89.

Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its earnings results on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $0.12. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.The firm had revenue of $408.73 million during the quarter, compared to the consensus estimate of $398.25 million. During the same period in the prior year, the company earned $1.41 EPS. The company's quarterly revenue was up 77.5% compared to the same quarter last year. As a group, equities analysts anticipate that Scorpio Tankers will post 11.06 earnings per share for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, August 17th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. Scorpio Tankers's dividend payout ratio is 11.24%.

About Scorpio Tankers

Scorpio Tankers Inc NYSE: STNG is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.

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