Scorpio Tankers (NYSE:STNG) Posts Earnings Results

Key Points

• Scorpio Tankers beat estimates: The company reported $3.02 EPS vs. a $2.73 consensus (a $0.29 beat) with revenue up 46.2% year‑over‑year and a net margin of 36.7%.
• Dividend increase: Scorpio raised its quarterly payout to $0.45 (from $0.42), equal to an $1.80 annualized dividend and a ~2.1% yield with a 25.5% payout ratio.
• Market and analyst positioning: The stock trades near its 52‑week high (one‑year high $85.70), has a P/E of ~12.1 and $4.4B market cap, and carries a consensus rating of “Moderate Buy” with an average target of $85.50.

Scorpio Tankers (NYSE:STNG - Get Free Report) released its quarterly earnings results on Tuesday. The shipping company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.73 by $0.29, Zacks reports. Scorpio Tankers had a net margin of 36.70% and a return on equity of 8.85%. The firm's revenue was up 46.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share.

Scorpio Tankers Trading Up 2.1%

Scorpio Tankers stock opened at $84.99 on Tuesday. Scorpio Tankers has a 1 year low of $37.96 and a 1 year high of $85.70. The firm's 50 day moving average price is $74.80 and its 200-day moving average price is $64.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 9.33 and a quick ratio of 9.23. The stock has a market cap of $4.40 billion, a P/E ratio of 12.13 and a beta of -0.24.

Scorpio Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a dividend of $0.45 per share. This is an increase from Scorpio Tankers's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Scorpio Tankers's payout ratio is 25.46%.

Analyst Ratings Changes

A number of equities research analysts have commented on STNG shares. Moffett Nathanson upgraded shares of Scorpio Tankers to a "neutral" rating in a research note on Monday, January 12th. Zacks Research upgraded shares of Scorpio Tankers from a "strong sell" rating to a "hold" rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $83.00 price objective on shares of Scorpio Tankers in a research note on Friday, February 13th. Evercore restated an "outperform" rating and set a $93.00 target price on shares of Scorpio Tankers in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group began coverage on shares of Scorpio Tankers in a report on Friday, April 24th. They issued a "buy" rating and a $90.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.50.

Institutional Trading of Scorpio Tankers

Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its holdings in shares of Scorpio Tankers by 1,645.2% during the 4th quarter. Global Retirement Partners LLC now owns 541 shares of the shipping company's stock valued at $27,000 after purchasing an additional 510 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Scorpio Tankers in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC grew its holdings in Scorpio Tankers by 154.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 646 shares of the shipping company's stock valued at $33,000 after buying an additional 392 shares in the last quarter. Quantbot Technologies LP purchased a new position in Scorpio Tankers during the 3rd quarter valued at approximately $36,000. Finally, Larson Financial Group LLC increased its stake in Scorpio Tankers by 122.8% in the 3rd quarter. Larson Financial Group LLC now owns 851 shares of the shipping company's stock worth $48,000 after acquiring an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 54.64% of the company's stock.

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.

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