Scorpio Tankers Inc. (NYSE:STNG) Stock Has Average Price Target of $92.14 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Scorpio Tankers, with five Buy, five Hold and one Sell recommendation. The average 12-month price target is $92.14 versus a recent share price of $80.87.
• Scorpio Tankers reported strong quarterly results, posting $4.68 in EPS and $408.73 million in revenue, both above estimates; revenue rose 77.5% year over year. The company also pays a quarterly dividend of $0.45, representing a 2.2% yield.
• Insiders sold more than 420,000 shares worth approximately $36.6 million over the past 90 days, while institutional investors and hedge funds own 54.64% of the stock.

Shares of Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $92.14.

A number of analysts have recently issued reports on STNG shares. Weiss Ratings restated a "hold (c)" rating on shares of Scorpio Tankers in a research report on Monday, September 14th. Bank of America reaffirmed an "underperform" rating on shares of Scorpio Tankers in a research report on Tuesday, September 8th. Zacks Research lowered shares of Scorpio Tankers from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. BTIG Research boosted their price target on shares of Scorpio Tankers from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, September 18th. Finally, Evercore restated an "outperform" rating and issued a $94.00 price objective on shares of Scorpio Tankers in a research note on Wednesday, July 22nd.

Scorpio Tankers Trading Up 0.1%

Scorpio Tankers stock opened at $80.87 on Wednesday. The company's fifty day simple moving average is $82.37 and its 200-day simple moving average is $79.32. The company has a quick ratio of 6.89, a current ratio of 6.93 and a debt-to-equity ratio of 0.14. Scorpio Tankers has a 12 month low of $48.93 and a 12 month high of $90.06. The stock has a market cap of $4.08 billion, a P/E ratio of 5.05 and a beta of -0.17.

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, topping the consensus estimate of $4.56 by $0.12. Scorpio Tankers had a net margin of 67.16% and a return on equity of 16.43%. The company had revenue of $408.73 million during the quarter, compared to the consensus estimate of $398.25 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The company's revenue for the quarter was up 77.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Scorpio Tankers will post 11.28 EPS for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. Scorpio Tankers's dividend payout ratio is 11.24%.

Insider Buying and Selling

In other news, COO Cameron Mackey sold 125,000 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $89.03, for a total value of $11,128,750.00. Following the completion of the sale, the chief operating officer directly owned 739,531 shares of the company's stock, valued at $65,840,444.93. This represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Auste Adelborg sold 6,834 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $89.64, for a total transaction of $612,599.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 420,133 shares of company stock worth $36,611,311 over the last 90 days. Corporate insiders own 7.34% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STNG. Dimensional Fund Advisors LP grew 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 acquiring an additional 122,874 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Scorpio Tankers by 7.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 918,223 shares of the shipping company's stock worth $68,555,000 after purchasing an additional 64,511 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Scorpio Tankers by 9.3% during the 1st quarter. Bank of America Corp DE now owns 244,364 shares of the shipping company's stock worth $18,244,000 after purchasing an additional 20,878 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Scorpio Tankers by 20.9% during the 1st quarter. Empowered Funds LLC now owns 240,545 shares of the shipping company's stock worth $17,959,000 after purchasing an additional 41,516 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Scorpio Tankers by 9.8% in the 1st quarter. Bank of New York Mellon Corp now owns 132,975 shares of the shipping company's stock worth $9,928,000 after purchasing an additional 11,829 shares during the period. Institutional investors and hedge funds own 54.64% of the company's stock.

About Scorpio Tankers

Scorpio Tankers Inc is a marine transportation company that owns, operates and manages a fleet of product tankers. The company primarily transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as petrochemical feedstocks and other liquid products.

Its fleet has historically included medium-range, handymax and long-range product tankers, allowing Scorpio Tankers to serve both regional and long-haul trade routes. The company's vessels transport cargoes between major refining, storage and consumption centers across international markets, supporting energy companies, commodity traders and other commercial customers.

Scorpio Tankers was established in 2009 and is incorporated in the Marshall Islands, with corporate operations based in Monaco.

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