Scorpio Tankers (STNG) Stock Forecast, Price & News

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

7 brokers have issued 12-month target prices for Scorpio Tankers' shares. Their STNG share price forecasts range from $55.00 to $87.00. On average, they expect the company's share price to reach $74.17 in the next year. This suggests a possible upside of 59.4% from the stock's current price.
View analysts price targets for STNG or view top-rated stocks among Wall Street analysts.

Scorpio Tankers' stock was trading at $53.77 at the start of the year. Since then, STNG shares have decreased by 13.5% and is now trading at $46.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our STNG earnings forecast.

Scorpio Tankers Inc. (NYSE:STNG) issued its earnings results on Tuesday, May, 2nd. The shipping company reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.39. The shipping company earned $377.16 million during the quarter, compared to analysts' expectations of $387.37 million. Scorpio Tankers had a trailing twelve-month return on equity of 40.01% and a net margin of 51.60%. Scorpio Tankers's quarterly revenue was up 119.3% on a year-over-year basis. During the same period last year, the company posted ($0.27) EPS.

Scorpio Tankers declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Tuesday, June 13th will be given a dividend of $0.25 per share on Friday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, June 12th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for STNG.

ETFs with the largest weight of Scorpio Tankers (NYSE:STNG) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), Invesco Dynamic Oil & Gas Services ETF (PXJ), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), U.S. Global Sea to Sky Cargo ETF (SEA), Principal U.S. Small-Cap Multi-Factor ETF (PSC), Dimensional US Small Cap Value ETF (DFSV), Dimensional U.S. Targeted Value ETF (DFAT) and iShares Russell 2000 Value ETF (IWN).

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.65%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 8.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

Shares of Scorpio Tankers reverse split on the morning of 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 stock prior to the reverse split would have 10 shares after the split.

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."

Scorpio Tankers' stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.06%), BlackRock Inc. (4.60%), Rubric Capital Management LP (3.92%), FMR LLC (1.96%), Platinum Investment Management Ltd. (1.78%) and Healthcare of Ontario Pension Plan Trust Fund (1.76%).

Shares of STNG stock 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 $46.52.

Scorpio Tankers (NYSE:STNG) has a market capitalization of $2.78 billion and generates $1.56 billion in revenue each year. The shipping company earns $637.25 million in net income (profit) each year or $15.01 on an earnings per share basis.

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