Scorpio Tankers Inc. (NYSE:STNG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Scorpio Tankers a consensus rating of "Moderate Buy" from 11 firms, with an average 12-month price target of $80.50 (ratings include 1 sell, 4 hold, 5 buy, 1 strong buy).
• The company beat quarterly expectations—EPS $1.62 vs. $1.37 est. and revenue $252.7M vs. $238.9M—showing 23.8% year‑over‑year revenue growth and a strong net margin (36.7%).
• Scorpio raised its quarterly dividend to $0.45 ($1.80 annualized, 2.4% yield) and institutional investors now own about 54.64% of the stock, with several large new or increased stakes reported.

Shares of Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.50.

A number of research analysts have issued reports on the company. Bank of America upped their price objective on Scorpio Tankers from $70.00 to $72.00 and gave the company an "underperform" rating in a research note on Tuesday. BTIG Research lifted their target price on Scorpio Tankers from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Moffett Nathanson raised shares of Scorpio Tankers to a "neutral" rating in a report on Monday, January 12th. Dnb Carnegie lowered shares of Scorpio Tankers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 12th. Finally, B. Riley Financial restated a "buy" rating on shares of Scorpio Tankers in a report on Friday, February 13th.

Hedge Funds Weigh In On Scorpio Tankers

Institutional investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new stake in Scorpio Tankers in the second quarter worth $30,890,000. Merewether Investment Management LP purchased a new position in shares of Scorpio Tankers during the 3rd quarter valued at $38,471,000. Assenagon Asset Management S.A. lifted its position in shares of Scorpio Tankers by 136.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 853,712 shares of the shipping company's stock valued at $43,394,000 after buying an additional 492,584 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Scorpio Tankers by 68.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 806,049 shares of the shipping company's stock worth $45,179,000 after acquiring an additional 326,973 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Scorpio Tankers by 91.9% during the 2nd quarter. AQR Capital Management LLC now owns 642,673 shares of the shipping company's stock worth $25,148,000 after acquiring an additional 307,815 shares during the period. Hedge funds and other institutional investors own 54.64% of the company's stock.

Scorpio Tankers Price Performance

Scorpio Tankers stock opened at $76.33 on Friday. Scorpio Tankers has a 52 week low of $30.63 and a 52 week high of $81.85. The company's 50 day moving average price is $70.86 and its two-hundred day moving average price is $61.79. The company has a quick ratio of 9.23, a current ratio of 9.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.95 billion, a P/E ratio of 10.80 and a beta of -0.32.

Scorpio Tankers (NYSE:STNG - Get Free Report) last released its earnings results on Friday, February 13th. The shipping company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.25. The company had revenue of $252.65 million during the quarter, compared to analyst estimates of $238.93 million. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.Scorpio Tankers's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. On average, equities analysts predict that Scorpio Tankers will post 5.29 earnings per share for the current year.

Scorpio Tankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, March 6th. This is an increase from Scorpio Tankers's previous quarterly dividend of $0.42. Scorpio Tankers's dividend payout ratio (DPR) is 25.46%.

Scorpio Tankers Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.