Scorpio Tankers Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last twelve months. 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" Scorpio Tankers stock.
View analyst ratings for Scorpio Tankers or view top-rated stocks.

Wall Street analysts have given Scorpio Tankers a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Scorpio Tankers wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Scorpio Tankers is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Scorpio Tankers.

Scorpio Tankers Inc. (NYSE:STNG) announced its quarterly earnings results on Friday, May, 7th. The shipping company reported ($1.05) earnings per share for the quarter, beating the consensus estimate of ($1.08) by $0.03. The shipping company earned $134.17 million during the quarter, compared to the consensus estimate of $143.35 million. Scorpio Tankers had a negative net margin of 1.87% and a positive trailing twelve-month return on equity of 0.48%. The firm's revenue was down 47.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share.
View Scorpio Tankers' earnings history.

Scorpio Tankers' stock was trading at $17.59 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, STNG stock has increased by 26.1% and is now trading at $22.18.
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Scorpio Tankers announced a quarterly dividend on Monday, May 10th. Shareholders of record on Friday, May 21st will be paid a dividend of $0.10 per share on Tuesday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, May 20th.
View Scorpio Tankers' dividend history.

Scorpio Tankers pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.79%. Scorpio Tankers does not yet have a strong track record of dividend growth. The dividend payout ratio of Scorpio Tankers is 19.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Scorpio Tankers will have a dividend payout ratio of 23.26% next year. This indicates that Scorpio Tankers will be able to sustain or increase its dividend.
View Scorpio Tankers' dividend history.

Scorpio Tankers's stock 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 Scorpio Tankers stock prior to the reverse split would have 10 shares after the split.

7 equities research analysts have issued 12-month price targets for Scorpio Tankers' stock. Their forecasts range from $17.00 to $35.00. On average, they anticipate Scorpio Tankers' stock price to reach $23.57 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
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Some companies that are related to Scorpio Tankers include Kinder Morgan (KMI), The Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golden Ocean Group (GOGL), Golar LNG (GLNG), SFL (SFL), GasLog (GLOG), Nordic American Tankers (NAT), Teekay Tankers (TNK) and Teekay (TK).
View all of STNG's competitors.

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.46%), Dimensional Fund Advisors LP (4.46%), Hosking Partners LLP (1.63%), Peregrine Capital Management LLC (1.02%), Northern Trust Corp (0.91%) and Cooper Creek Partners Management LLC (0.77%).

STNG stock was sold by a variety of institutional investors in the last quarter, including Hosking Partners LLP, Stifel Financial Corp, Bank of Montreal Can, Paloma Partners Management Co, TCW Group Inc., Mirabella Financial Services LLP, Goldman Sachs Group Inc., and KBC Group NV.

STNG stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Cooper Creek Partners Management LLC, Millennium Management LLC, Russell Investments Group Ltd., Peregrine Capital Management LLC, Point72 Asset Management L.P., Scion Asset Management LLC, and HighTower Advisors LLC.

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 $22.18.

Scorpio Tankers has a market capitalization of $1.29 billion and generates $915.89 million in revenue each year. The shipping company earns $94.12 million in net income (profit) each year or $2.02 on an earnings per share basis.

Scorpio Tankers employs 25 workers across the globe.

The official website for Scorpio Tankers is www.scorpiotankers.com.

Scorpio Tankers is headquartered at 9 BOULEVARD CHARLES III, MONACO O9, 98000.

Scorpio Tankers' mailing address is 9 BOULEVARD CHARLES III, MONACO O9, 98000. The shipping company can be reached via phone at (779) 798-5716 or via email at [email protected]