Scorpio Tankers Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last year. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Scorpio Tankers stock.
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8 equities research analysts have issued 1-year price targets for Scorpio Tankers' shares. Their STNG stock forecasts range from $10.50 to $45.00. On average, they predict Scorpio Tankers' share price to reach $28.81 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Scorpio Tankers' stock was trading at $12.81 at the beginning of 2022. Since then, STNG shares have increased by 128.6% and is now trading at $29.29.
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Scorpio Tankers saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 3,300,000 shares, an increase of 37.5% from the May 15th total of 2,400,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.6 days. Approximately 6.4% of the company's stock are short sold.
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Scorpio Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Scorpio Tankers Inc. (NYSE:STNG) announced its quarterly earnings results on Thursday, April, 28th. The shipping company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.25. The shipping company earned $174 million during the quarter, compared to the consensus estimate of $158.43 million. Scorpio Tankers had a negative net margin of 44.17% and a negative trailing twelve-month return on equity of 10.00%. The firm's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.05) EPS.
View Scorpio Tankers' earnings history.

Scorpio Tankers declared a quarterly dividend on Wednesday, April 27th. Stockholders of record on Friday, May 20th will be paid a dividend of $0.10 per share on Wednesday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, May 19th.
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Scorpio Tankers(NYSE:STNG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%.
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Scorpio Tankers's stock reverse split before market open 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 market closes on Thursday, January 17th 2019. An investor that had 100 shares of Scorpio Tankers stock prior to the reverse split would have 10 shares after the split.

Some companies that are related to Scorpio Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Golar LNG (GLNG), Frontline (FRO), Golden Ocean Group (GOGL), SFL (SFL), Teekay Tankers (TNK), Nordic American Tankers (NAT) and Teekay (TK).
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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).

Scorpio Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "STNG."

Shares of STNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STNG stock can currently be purchased for approximately $29.29.

Scorpio Tankers (NYSE:STNG) has a market capitalization of $1.71 billion and generates $540.79 million in revenue each year. The shipping company earns $-234,430,000.00 in net income (profit) each year or ($4.66) on an earnings per share basis.

Scorpio Tankers employs 26 workers across the globe.

Scorpio Tankers' mailing address is 9 BOULEVARD CHARLES III, MONACO O9, 98000. The official website for Scorpio Tankers is www.scorpiotankers.com. The shipping company can be reached via phone at (779) 798-5716 or via email at investor.relations@scorpiotankers.com.