About Scorpio Tankers
Scorpio Tankers Inc. (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, Panamax/LR1 and Aframax/LR2. The Company's fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet. In addition, the Company has contracts for the construction of approximately 12 newbuilding product tankers (over eight MR tankers and approximately four LR2 tankers), which it refers to as its Newbuilding Program.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: Oil & Gas Storage & Transportation
- Exchange: NASDAQ
- Symbol: STNG
- CUSIP: Y7542C10
Companies Related to Scorpio Tankers:
- Previous Close: $4.12
- 50 Day Moving Average: $4.13
- 200 Day Moving Average: $4.45
- 52-Week Range: $161,868,000.00 - $3.50
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 6.75
- P/E Growth: -7.65
- Market Cap: $666.90M
- Outstanding Shares: 161,868,000
What is Scorpio Tankers' stock symbol?
Scorpio Tankers trades on the NASDAQ under the ticker symbol "STNG."
How often does Scorpio Tankers pay dividends? What is the dividend yield for Scorpio Tankers?
Scorpio Tankers declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Thursday, February 23rd will be paid a dividend of $0.01 per share on Thursday, March 30th. This represents a $0.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, February 21st.
Where is Scorpio Tankers' stock going? Where will Scorpio Tankers' stock price be in 2017?
10 brokers have issued 12-month target prices for Scorpio Tankers' shares. Their forecasts range from $4.00 to $10.00. On average, they expect Scorpio Tankers' share price to reach $7.00 in the next year.
When will Scorpio Tankers announce their earnings?
Scorpio Tankers is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.
What are analysts saying about Scorpio Tankers stock?
Here are some recent quotes from research analysts about Scorpio Tankers stock:
According to Zacks Investment Research, "Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. The Company's initial fleet consists of three modern panamax tankers. Its vessels carry petroleum products and crude oil for integrated oil companies, oil traders, and other customers. Scorpio Tankers Inc. is headquartered in Monaco, Scorpio. " (2/18/2017)
Deutsche Bank AG analysts commented, "one of the most bullish conference call[s] we've heard in over a year."The brokerage said, "Management communicated significant confidence in product tanker fundamentals [...] and reaffirmed its commitment and confidence in its dividend (10 percent yield)."Net/net STNG continues to be our top pick and we see shares re-rating back to our $9 price target on greater confidence in the outlook," analyst Amit Mehrotra wrote in a note.Scorpio Tankers underlying second-quarter EPS of $0.04 matched Deutsche Bank's estimate and was consistent with the "sharply lowered expectations over the past month."The company disclosed that roughly half its third quarter days came in around 15 percent lower rates versus those in the second quarter, implying a potential for an even lower EPS sequentially."This should not be a surprise and we note expectations are largely already there," Mehrotra noted.Related Link: Volatile Oil Price Takes A Toll On Exxon Mobil's Q2 ResultsFinancially, Scorpio reported $165 million in cash, $2 billion in debt and $280 million in contracted capex, as of July 27."Importantly we think the company is currently active in add'l repurchase activity, providing another source of return above-and-beyond 10 precent dividend yield," Mehrotra continued.Further, Scorpio noted a 75–95 percent confidence "that rates will inflect higher in the seasonally strong back half of this year." The analyst expects "rates to remain elevated in 2017, largely on lower supply growth which should translate to higher utilization."In addition, Mehrotra sees total product tanker capacity to increase 1.9 percent by year-end 2016 and 2.7 percent in 2017, "making the product tanker market one of the few (if not only) bright spots in shipping." (8/1/2016)
Who owns Scorpio Tankers stock?
Scorpio Tankers' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.87%), FMR LLC (4.40%), Putnam Investments LLC (3.01%), Investec Asset Management LTD (2.45%), Comerica Bank (1.95%) and State Street Corp (1.88%).
Who sold Scorpio Tankers stock? Who is selling Scorpio Tankers stock?
Scorpio Tankers' stock was sold by a variety of institutional investors in the last quarter, including Putnam Investments LLC, Cipher Capital LP, AQR Capital Management LLC, Comerica Bank, Investec Asset Management LTD, Dimensional Fund Advisors LP, FMR LLC and Wall Street Access Asset Management LLC.
Who bought Scorpio Tankers stock? Who is buying Scorpio Tankers stock?
Scorpio Tankers' stock was bought by a variety of institutional investors in the last quarter, including Oxford Asset Management, Russell Investments Group Ltd., Numeric Investors LLC, Allianz Asset Management AG, Zebra Capital Management LLC, Royce & Associates LP, State Street Corp and Bowling Portfolio Management LLC.
How do I buy Scorpio Tankers stock?
Shares of Scorpio Tankers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Scorpio Tankers stock cost?
One share of Scorpio Tankers stock can currently be purchased for approximately $4.12.