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Scorpio Tankers (STNG) Stock Price, News & Analysis

$71.00
-0.64 (-0.89%)
(As of 01:46 PM ET)
Today's Range
$70.70
$72.49
50-Day Range
$64.70
$73.24
52-Week Range
$40.34
$74.04
Volume
255,628 shs
Average Volume
1.20 million shs
Market Capitalization
$3.77 billion
P/E Ratio
7.14
Dividend Yield
2.25%
Price Target
$74.00

Scorpio Tankers MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.7% Upside
$74.00 Price Target
Short Interest
Healthy
4.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.95
Upright™ Environmental Score
News Sentiment
0.61mentions of Scorpio Tankers in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.54%
From $12.30 to $10.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.08 out of 5 stars

Transportation Sector

241st out of 351 stocks

Deep Sea Foreign Transportation Of Freight Industry

61st out of 84 stocks

STNG stock logo

About Scorpio Tankers Stock (NYSE:STNG)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years. Scorpio Tankers Inc. was incorporated in 2009 and is headquartered in Monaco.

STNG Stock Price History

STNG Stock News Headlines

This Freight Stock Just Got an Upgrade and Institutional Buyers (STNG)
Shipping and freight quotes are on the rise, futures traders are leading the way to a highly expected earnings cycle for the space. ZIM Integrated is a top pick
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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
STNG Mar 2024 72.000 call
STNG Mar 2024 73.000 put
STNG Oct 2024 77.500 call
STNG Nov 2024 77.500 call
STNG Mar 2024 90.000 call
STNG Mar 2024 50.000 put
STNG Mar 2024 80.000 call
STNG Mar 2024 50.000 call
STNG Mar 2024 66.000 put
STNG Jan 2026 30.000 call
STNG Jul 2024 30.000 call
STNG Mar 2024 62.000 call
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Ex-Dividend for 3/27 Dividend
3/07/2024
Dividend Payable
3/27/2024
Today
4/12/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y7542C10
Fax
N/A
Employees
24
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$74.00
High Stock Price Target
$91.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$546.90 million
Pretax Margin
40.78%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$14.31 per share
Book Value
$46.03 per share

Miscellaneous

Free Float
49,210,000
Market Cap
$3.79 billion
Optionable
Optionable
Beta
0.21
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Key Executives

  • Mr. Emanuele A. Lauro (Age 45)
    Founder, Chairman & CEO
  • Mr. Robert L. Bugbee (Age 64)
    President & Director
  • Mr. Christopher Avella (Age 44)
    Chief Financial Officer
  • Mr. Cameron Mackey (Age 56)
    COO & Director
  • James Doyle
    Head of Corporate Development & Investor Relations
  • Ms. Sujata Parekh Kumar (Age 65)
    MD & Director
  • Ms. Auste Vizbaraite (Age 34)
    Secretary
  • Mr. Lars Dencker Nielsen
    Commercial Director
  • Mr. David Rodney Morant
    Managing Director - Scorpio UK

STNG Stock Analysis - Frequently Asked Questions

Should I buy or sell Scorpio Tankers stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" STNG shares.
View STNG analyst ratings
or view top-rated stocks.

What is Scorpio Tankers' stock price target for 2024?

6 analysts have issued 12 month price targets for Scorpio Tankers' stock. Their STNG share price targets range from $45.00 to $91.00. On average, they expect the company's share price to reach $74.00 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for STNG
or view top-rated stocks among Wall Street analysts.

How have STNG shares performed in 2024?

Scorpio Tankers' stock was trading at $60.80 on January 1st, 2024. Since then, STNG stock has increased by 17.4% and is now trading at $71.39.
View the best growth stocks for 2024 here
.

Are investors shorting Scorpio Tankers?

Scorpio Tankers saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,750,000 shares, a decline of 27.7% from the February 29th total of 2,420,000 shares. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 3.7% of the shares of the stock are short sold.
View Scorpio Tankers' Short Interest
.

When is Scorpio Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our STNG earnings forecast
.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) posted its quarterly earnings results on Wednesday, February, 14th. The shipping company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.13. The shipping company had revenue of $336.30 million for the quarter, compared to analysts' expectations of $335.70 million. Scorpio Tankers had a net margin of 40.78% and a trailing twelve-month return on equity of 22.86%. The business's quarterly revenue was down 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.24 EPS.

How often does Scorpio Tankers pay dividends? What is the dividend yield for Scorpio Tankers?

Scorpio Tankers announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 8th will be given a dividend of $0.40 per share on Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for STNG
.

Is Scorpio Tankers a good dividend stock?

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.28%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 15.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

What ETFs hold Scorpio Tankers' stock?
When did Scorpio Tankers' stock split?

Shares of Scorpio Tankers reverse split on Friday, January 18th 2019. The 1-10 reverse split was announced on Tuesday, January 15th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, January 17th 2019. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What other stocks do shareholders of Scorpio Tankers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Scorpio Tankers investors own include Intelsat (I), Bank of America (BAC), AMC Entertainment (AMC), Micron Technology (MU), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), Apollo Global Management (APO) and First Data (FDC).

Who are Scorpio Tankers' major shareholders?

Scorpio Tankers' stock is owned by many different institutional and retail investors. Top institutional shareholders include International Assets Investment Management LLC (0.04%).

How do I buy shares of Scorpio Tankers?

Shares of STNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:STNG) was last updated on 4/12/2024 by MarketBeat.com Staff

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