Scorpio Tankers - STNG Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last twelve months. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" STNG shares.
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6 brokers have issued 12-month target prices for Scorpio Tankers' shares. Their STNG share price forecasts range from $10.50 to $50.00. On average, they expect the company's stock price to reach $37.36 in the next twelve months. This suggests that the stock has a possible downside of 11.3%.
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Scorpio Tankers' stock was trading at $12.81 at the beginning of 2022. Since then, STNG shares have increased by 228.8% and is now trading at $42.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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Scorpio Tankers Inc. (NYSE:STNG) issued its earnings results on Thursday, July, 28th. The shipping company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.28. The shipping company earned $405.80 million during the quarter, compared to the consensus estimate of $333.11 million. Scorpio Tankers had a positive trailing twelve-month return on equity of 3.32% and a negative net margin of 1.49%. The company's revenue was up 191.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.94) earnings per share.

Scorpio Tankers announced a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, August 11th will be given a dividend of $0.10 per share on Thursday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for STNG.

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.93%.
Read our dividend analysis for STNG.

Scorpio Tankers shares 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 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.

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 many different institutional and retail investors. Top institutional investors include Hosking Partners LLP (1.00%), DnB Asset Management AS (0.75%), Private Management Group Inc. (0.72%), TCW Group Inc. (0.68%), Royce & Associates LP (0.54%) and Peregrine Capital Management LLC (0.50%).

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 $42.12.

Scorpio Tankers (NYSE:STNG) has a market capitalization of $2.46 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 ($0.63) 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.