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, LR1/Panamax and LR2. As of March 15, 2017, the Company's fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet). As of March 1, 2017, the Company's total oil tanker fleet (crude, products and product/chemical tankers) consisted of 4,754 ships with a combined capacity of 525.9 million deadweight tonnage. As of December 31, 2016, the Company also had contracts for the construction of one LR2 tanker and eight MR tankers. Its vessels include STI Brixton, STI Comandante, STI Finchley, STI Hammersmith, STI Larvotto, STI San Antonio and STI Regina.
Industry, Sector and Symbol:
- Sector: Energy
- Industry: Sea-Borne Tankers
- Sub-Industry: Oil & Gas Storage & Transportation
- Symbol: NASDAQ:STNG
- CUSIP: Y7542C10
- Web: www.scorpiotankers.com
- Market Cap: $602.03 million
- Outstanding Shares: 162,711,000
- 50 Day Moving Avg: $3.81
- 200 Day Moving Avg: $4.06
- 52 Week Range: $3.42 - $5.53
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.04
- P/E Growth: 0.92
- Annual Revenue: $480.42 million
- Price / Sales: 1.25
- Book Value: $8.04 per share
- Price / Book: 0.46
- EBIDTA: $144.97 million
- Net Margins: -9.39%
- Return on Equity: -3.53%
- Return on Assets: -1.41%
- Average Volume: 3.07 million shs.
- Short Ratio: 5.01
Frequently Asked Questions for Scorpio Tankers (NASDAQ:STNG)
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 Thursday, April 27th. Investors of record on Thursday, May 11th will be paid a dividend of $0.01 per share on Wednesday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, May 9th. View Scorpio Tankers' Dividend History.
How were Scorpio Tankers' earnings last quarter?
Scorpio Tankers Inc. (NASDAQ:STNG) announced its quarterly earnings results on Thursday, April, 27th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.03. The company had revenue of $122.80 million for the quarter, compared to analysts' expectations of $119.80 million. Scorpio Tankers had a negative return on equity of 3.53% and a negative net margin of 9.39%. The firm's revenue for the quarter was down 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. View Scorpio Tankers' Earnings History.
When will Scorpio Tankers make its next earnings announcement?
Where is Scorpio Tankers' stock going? Where will Scorpio Tankers' stock price be in 2017?
11 equities research analysts have issued twelve-month price objectives for Scorpio Tankers' stock. Their predictions range from $4.00 to $8.00. On average, they expect Scorpio Tankers' share price to reach $6.44 in the next year. View Analyst Ratings for Scorpio Tankers.
What are analysts saying about Scorpio Tankers stock?
Here are some recent quotes from research analysts about Scorpio Tankers stock:
- 1. 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)
- 2. 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 are some of Scorpio Tankers' key competitors?
Some companies that are related to Scorpio Tankers include Hess Midstream Partners LP (HESM), Crestwood Midstream Partners LP (CMLP), Cairn Energy PLC (CNE), Stobart Group Ltd (STOB), Crossamerica Partners LP (CAPL), Hunting plc (HTG), Nostrum Oil & Gas PLC (NOG), Fairmount Santrol Holdings (FMSA), Hoegh LNG Partners LP (HMLP), Ophir Energy Plc (OPHR), Select Energy Services (WTTR), Gener8 Maritime (GNRT), SOCO International plc (SIA), Andes Energia PLC (AEN), Solo Oil PLC (SOLO), Enquest Plc (ENQ), Hurricane Energy PLC (HUR) and Lamprell Plc (LAM).
Who are Scorpio Tankers' key executives?
Scorpio Tankers' management team includes the folowing people:
- Emanuele A. Lauro, Chairman of the Board, Chief Executive Officer
- Robert L. Bugbee, President, Director
- Brian Lee, Chief Financial Officer
- Cameron K. Mackey, Chief Operating Officer, Director
- Sergio Gianfranchi, Vice President - Vessel Operations
- Luca Forgione, General Counsel
- Anoushka Rafia Kachelo, Secretary
- Alexandre Albertini, Independent Director
- Ademaro Lanzara, Independent Director
- Marianne Okland, Independent Director
Who owns Scorpio Tankers stock?
Scorpio Tankers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.99%), Peregrine Capital Management LLC (0.95%), Gilman Hill Asset Management LLC (0.45%), Clear Harbor Asset Management LLC (0.29%), Malaga Cove Capital LLC (0.10%) and Nisa Investment Advisors LLC (0.02%). View Institutional Ownership Trends for Scorpio Tankers.
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 Clear Harbor Asset Management LLC, Russell Investments Group Ltd. and Gilman Hill Asset Management LLC. View Insider Buying and Selling for Scorpio Tankers.
Who bought Scorpio Tankers stock? Who is buying Scorpio Tankers stock?
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.
What is Scorpio Tankers' stock price today?
MarketBeat Community Rating for Scorpio Tankers (NASDAQ STNG)MarketBeat's community ratings are surveys of what our community members think about Scorpio Tankers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Scorpio Tankers stock can currently be purchased for approximately $3.70.
Consensus Ratings for Scorpio Tankers (NASDAQ:STNG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.91)|
|Consensus Price Target: ||$6.44 (74.17% upside)|
Analysts' Ratings History for Scorpio Tankers (NASDAQ:STNG)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/22/2017||Jefferies Group LLC||Reiterated Rating||Buy||$6.00 -> $5.50||Low|
|5/25/2017||Seaport Global Securities||Reiterated Rating||Buy||$7.50||High|
|5/25/2017||Stifel Nicolaus||Reiterated Rating||Buy||$8.00||High|
|5/24/2017||Credit Suisse Group||Set Price Target||Buy||$7.00||Low|
|5/12/2017||Bank of America Corporation||Upgrade||Underperform -> Buy||$6.00||Low|
|4/27/2017||Cowen and Company||Reiterated Rating||Outperform -> Outperform||$10.00 -> $7.00||High|
|2/23/2017||Pareto Securities||Upgrade||Hold -> Buy||N/A|
|2/22/2017||ABN Amro||Upgrade||Hold -> Buy||$7.50||N/A|
|2/15/2017||Morgan Stanley||Reiterated Rating||Underperform -> Equal Weight||N/A|
|2/15/2017||Clarkson Capital||Upgrade||Neutral -> Buy||N/A|
|2/13/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||N/A|
|4/7/2016||J P Morgan Chase & Co||Lower Price Target||$11.00 -> $10.00||N/A|
Earnings History for Scorpio Tankers (NASDAQ:STNG)Earnings History by Quarter for Scorpio Tankers (NASDAQ STNG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017|| || || || || || || || |
|4/27/2017||Q1||($0.10)||($0.07)||$119.80 million||$122.80 million||View||N/A|
|2/13/2017||Q416||($0.19)||($0.18)||$103.95 million||$105.60 million||View||N/A|
|11/14/2016||Q316||($0.10)||($0.11)||$118.30 million||$114.34 million||View||N/A|
|7/28/2016||Q216||$0.07||$0.04||$146.20 million||$137.21 million||View||Listen|
|4/27/2016||Q116||$0.18||$0.18||$168.95 million||$165.10 million||View||Listen|
|2/29/2016||Q415||$0.21||$0.21||$172.41 million||$178.40 million||View||Listen|
|11/4/2015||Q315||$0.43||$0.46||$218.20 million||$228.10 million||View||N/A|
|7/29/2015||Q215||$0.27||$0.32||$168.14 million||$188.50 million||View||Listen|
|4/27/2015||Q115||$0.24||$0.24||$152.50 million||$160.70 million||View||N/A|
|3/2/2015||Q414||$0.13||$0.12||$129.71 million||$125.70 million||View||N/A|
|10/27/2014||Q314||$0.02||($0.01)||$88.12 million||$82.89 million||View||Listen|
|7/28/2014||Q214||($0.04)||($0.06)||$63.48 million||$57.40 million||View||N/A|
|4/28/2014||Q114||$0.03||$0.01||$44.92 million||$76.73 million||View||N/A|
|2/24/2014||Q413||($0.08)||$30.10 million||$53.37 million||View||N/A|
|7/29/2013||Q2 2013||$0.05||$0.03||$27.50 million||$51.53 million||View||N/A|
|4/29/2013||Q1 2013||$0.06||$0.08||$44.90 million||View||N/A|
|2/25/2013||Q4 2012||($0.05)||($0.08)||$22.64 million||$30.10 million||View||N/A|
|10/29/2012||Q312||($0.15)||($0.09)||$22.80 million||$28.10 million||View||N/A|
Earnings Estimates for Scorpio Tankers (NASDAQ:STNG)
2017 EPS Consensus Estimate: $0.03
2018 EPS Consensus Estimate: $0.57
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Scorpio Tankers (NASDAQ STNG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Scorpio Tankers (NASDAQ:STNG)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Scorpio Tankers (NASDAQ:STNG)
Latest Headlines for Scorpio Tankers (NASDAQ:STNG)
|Scorpio Tankers Inc. (STNG) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - July 25 at 11:38 AM
|Scorpio Tankers Inc. (STNG) Earns "Buy" Rating from Jefferies Group LLC|
www.americanbankingnews.com - July 22 at 8:52 PM
|Analyzing Scorpio Tankers (NASDAQ:STNG) and International Seaways (INSW)|
www.americanbankingnews.com - July 19 at 6:28 PM
|Comparing Gener8 Maritime (GNRT) & Scorpio Tankers (STNG)|
www.americanbankingnews.com - July 17 at 12:18 AM
|Reviewing Gener8 Maritime (GNRT) & Scorpio Tankers (STNG)|
www.americanbankingnews.com - July 15 at 12:28 AM
| Brokerages Expect Scorpio Tankers Inc. (NASDAQ:STNG) Will Post Quarterly Sales of $139.16 Million|
www.americanbankingnews.com - July 8 at 9:32 AM
| Analysts Expect Scorpio Tankers Inc. (NASDAQ:STNG) Will Announce Earnings of -$0.03 Per Share|
www.americanbankingnews.com - July 6 at 2:32 PM
|Scorpio Tankers, Inc. breached its 50 day moving average in a Bearish Manner : STNG-US : July 6, 2017|
finance.yahoo.com - July 6 at 11:05 AM
|Contrasting Scorpio Tankers (STNG) & Nordic American Tankers Limited (NAT)|
www.americanbankingnews.com - June 29 at 7:50 AM
|Scorpio Tankers Inc. (STNG) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - June 28 at 12:05 AM
|Scorpio Tankers, Inc. – Value Analysis (NYSE:STNG) : June 27, 2017|
finance.yahoo.com - June 27 at 8:08 PM
|Scorpio Tankers, Inc. breached its 50 day moving average in a Bullish Manner : STNG-US : June 26, 2017|
finance.yahoo.com - June 27 at 8:43 AM
|International Seaways (INSW) versus Scorpio Tankers (STNG) Head to Head Comparison|
www.americanbankingnews.com - June 24 at 12:14 PM
|Reviewing Scorpio Tankers (STNG) & Nordic American Tankers Limited (NAT)|
www.americanbankingnews.com - June 18 at 7:24 AM
|Scorpio Tankers Announces Acquisition of Four LR1 Product Tankers from Navig8 Product Tankers Inc. - GlobeNewswire (press release)|
globenewswire.com - June 15 at 9:29 PM
|Scorpio Tankers Inc. (STNG) Expected to Post Quarterly Sales of $139.16 Million|
www.americanbankingnews.com - June 14 at 11:36 AM
|Scorpio Tankers Inc. (STNG) Expected to Announce Earnings of -$0.03 Per Share|
www.americanbankingnews.com - June 12 at 2:32 PM
|Scorpio Tankers (STNG) and Hoegh LNG Partners (HMLP) Financial Contrast|
www.americanbankingnews.com - June 12 at 10:50 AM
|Head to Head Survey: Scorpio Tankers (STNG) & Seaspan (SSW)|
www.americanbankingnews.com - June 7 at 6:18 PM
|Scorpio Tankers Inc. (STNG) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - June 2 at 2:36 PM
|Q2 2017 EPS Estimates for Scorpio Tankers Inc. Boosted by Analyst (STNG)|
www.americanbankingnews.com - May 29 at 7:04 AM
|Seaport Global Securities Equities Analysts Boost Earnings Estimates for Scorpio Tankers Inc. (STNG)|
www.americanbankingnews.com - May 29 at 7:02 AM
|Scorpio Tankers' (STNG) Buy Rating Reaffirmed at Jefferies Group LLC|
www.americanbankingnews.com - May 27 at 6:22 PM
|Scorpio Tankers Inc. (STNG) Forecasted to Earn Q1 2018 Earnings of $0.14 Per Share|
www.americanbankingnews.com - May 26 at 10:11 AM
|FY2017 EPS Estimates for Scorpio Tankers Inc. Lifted by Analyst (STNG)|
www.americanbankingnews.com - May 26 at 9:54 AM
|Seaport Global Securities Reiterates Buy Rating for Scorpio Tankers Inc. (STNG)|
www.americanbankingnews.com - May 26 at 12:58 AM
|Scorpio Tankers Inc. (STNG) Rating Reiterated by Stifel Nicolaus|
www.americanbankingnews.com - May 26 at 12:58 AM
|Scorpio Tankers Inc. (STNG) Given a $7.00 Price Target by Credit Suisse Group AG Analysts|
www.americanbankingnews.com - May 25 at 4:57 PM
|Scorpio Tankers Inc. Announces Pricing of Public Offering of 50 Million Common Shares|
finance.yahoo.com - May 25 at 3:29 AM
|Pre-Market Most Active for May 24, 2017 : NOW, FGL, GLYC, FCAU, INO, LOW, STNG, BAC, NVDA, TTD, QQQ, ALNY - Nasdaq|
www.nasdaq.com - May 24 at 9:05 AM
|Scorpio Tankers (STNG) Reports $42.2M Merger Agreement with Navig8 Product Tankers Inc.; Announces $200M Common Offering|
www.streetinsider.com - May 23 at 7:28 PM
|Scorpio Tankers Inc. Announces Merger Agreement with Navig8 Product Tankers Inc. and the Launch of a Concurrent ... - GlobeNewswire (press release)|
globenewswire.com - May 23 at 7:27 PM
|$131.11 Million in Sales Expected for Scorpio Tankers Inc. (STNG) This Quarter|
www.americanbankingnews.com - May 21 at 8:32 PM
|Scorpio Tankers Inc. (STNG) Expected to Announce Earnings of -$0.04 Per Share|
www.americanbankingnews.com - May 16 at 10:48 AM
|ETFs with exposure to Scorpio Tankers, Inc. : May 15, 2017|
finance.yahoo.com - May 15 at 7:17 PM
|Scorpio Tankers, Inc. breached its 50 day moving average in a Bearish Manner : STNG-US : May 12, 2017|
finance.yahoo.com - May 13 at 1:24 AM
|Scorpio Tankers Inc. (STNG) Upgraded at Bank of America Corp|
www.americanbankingnews.com - May 13 at 12:32 AM
|Scorpio Tankers Inc. Announces an Agreement to Sell Two MR Product Tankers|
feeds.benzinga.com - May 8 at 7:07 AM
|ETFs with exposure to Scorpio Tankers, Inc. : May 4, 2017|
finance.yahoo.com - May 4 at 9:21 PM
|Somewhat Favorable News Coverage Very Likely to Affect Scorpio Tankers (STNG) Share Price|
www.americanbankingnews.com - May 3 at 9:18 PM
|Scorpio Tankers, Inc. :STNG-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017|
finance.yahoo.com - May 3 at 6:15 PM
|Scorpio Tankers, Inc. – Value Analysis (NYSE:STNG) : May 1, 2017|
finance.yahoo.com - May 1 at 7:14 PM
|Q2 2017 EPS Estimates for Scorpio Tankers Inc. Lifted by Jefferies Group (STNG)|
www.americanbankingnews.com - May 1 at 7:35 AM
|Scorpio Tankers (STNG) Receives Daily Coverage Optimism Rating of 0.22|
www.americanbankingnews.com - April 30 at 1:09 PM
|Scorpio Tankers, Inc. breached its 50 day moving average in a Bullish Manner : STNG-US : April 28, 2017|
finance.yahoo.com - April 28 at 3:48 PM
|Edited Transcript of STNG earnings conference call or presentation 27-Apr-17 2:00pm GMT|
finance.yahoo.com - April 28 at 3:48 PM
|FY2017 EPS Estimates for Scorpio Tankers Inc. (STNG) Boosted by Analyst|
www.americanbankingnews.com - April 28 at 3:46 PM
|Scorpio Tankers Inc. Declares Quarterly Dividend of $0.01 (STNG)|
www.americanbankingnews.com - April 27 at 9:14 PM
|Scorpio Tankers' (STNG) CEO Emanuele Lauro on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - April 27 at 8:27 PM
|Scorpio Tankers Inc. (STNG) Announces Quarterly Earnings Results|
www.americanbankingnews.com - April 27 at 7:04 PM
Scorpio Tankers (STNG) Chart for Wednesday, July, 26, 2017