Scorpio Tankers - STNG Stock Forecast, Price & News

7 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" STNG shares.
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7 Wall Street research analysts have issued 1-year target prices for Scorpio Tankers' shares. Their STNG share price forecasts range from $38.00 to $87.00. On average, they expect the company's stock price to reach $66.57 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
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Scorpio Tankers' stock was trading at $53.77 at the start of the year. Since then, STNG stock has increased by 4.7% and is now trading at $56.29.
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Scorpio Tankers saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,810,000 shares, an increase of 19.4% from the February 28th total of 3,190,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 7.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Scorpio Tankers Inc. (NYSE:STNG) announced its quarterly earnings data on Thursday, February, 16th. The shipping company reported $4.24 EPS for the quarter, missing the consensus estimate of $4.38 by $0.14. The shipping company earned $493.70 million during the quarter, compared to analysts' expectations of $446.96 million. Scorpio Tankers had a trailing twelve-month return on equity of 33.75% and a net margin of 40.78%. The business's revenue for the quarter was up 233.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.79) EPS.

Scorpio Tankers announced a quarterly dividend on Wednesday, February 15th. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.20 per share on Friday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, March 6th. This is a boost from the stock's previous quarterly dividend of $0.10.
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), Convergence Long/Short Equity ETF (CLSE), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), 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 1.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 10.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

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 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 number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.66%), Two Sigma Advisers LP (1.74%), Two Sigma Investments LP (0.00%), Renaissance Technologies LLC (1.59%), Millennium Management LLC (1.58%) and Platinum Investment Management Ltd. (1.55%).

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 $56.29.

Scorpio Tankers (NYSE:STNG) has a market capitalization of $3.29 billion and generates $1.56 billion in revenue each year. The shipping company earns $637.25 million in net income (profit) each year or $10.22 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.