Scorpio Tankers Stock Forecast, Price & News

Scorpio Tankers' stock was trading at $17.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, STNG shares have decreased by 26.9% and is now trading at $12.85.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Scorpio Tankers is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Scorpio Tankers Inc. (NYSE:STNG) issued its quarterly earnings data on Thursday, August, 6th. The shipping company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.03. The shipping company had revenue of $346.24 million for the quarter, compared to the consensus estimate of $349.58 million. Scorpio Tankers had a return on equity of 7.80% and a net margin of 16.42%. The company's quarterly revenue was up 129.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.62) earnings per share.
View Scorpio Tankers' earnings history.

Scorpio Tankers declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.10 per share on Tuesday, September 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, September 8th.
View Scorpio Tankers' dividend history.

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 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.

9 Wall Street analysts have issued 12-month price objectives for Scorpio Tankers' stock. Their forecasts range from $15.00 to $45.00. On average, they expect Scorpio Tankers' stock price to reach $26.50 in the next year. This suggests a possible upside of 106.2% from the stock's current price.
View analysts' price targets for Scorpio Tankers.

Scorpio Tankers saw a increase in short interest in August. As of August 31st, there was short interest totaling 6,980,000 shares, an increase of 8.7% from the August 15th total of 6,420,000 shares. Based on an average daily volume of 1,890,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 14.5% of the company's stock are sold short.
View Scorpio Tankers' Short Interest.

Some companies that are related to Scorpio Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Golar LNG (GLNG), Ship Finance International (SFL), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), GasLog (GLOG) 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), Fossil Group (FOSL), AMC Entertainment (AMC), Micron Technology (MU), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), First Data (FDC) and Nordic American Tanker (nat).

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

Scorpio Tankers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Jefferies Group LLC (2.65%), Ninety One UK Ltd (2.25%), Hosking Partners LLP (2.22%), Bank of New York Mellon Corp (1.10%), TCW Group Inc. (0.86%) and Bank of America Corp DE (0.82%).

STNG stock was sold by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Ninety One UK Ltd, Russell Investments Group Ltd., Goldman Sachs Group Inc., Nuveen Asset Management LLC, Bank of Montreal Can, Envestnet Asset Management Inc., and Hodges Capital Management Inc..

STNG stock was purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., Bank of America Corp DE, Brandes Investment Partners LP, Man Group plc, Stifel Financial Corp, Evolution Wealth Advisors LLC, Hosking Partners LLP, and Prudential Financial Inc..

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

One share of STNG stock can currently be purchased for approximately $12.85.

Scorpio Tankers has a market capitalization of $753.94 million and generates $704.33 million in revenue each year. The shipping company earns $-48,490,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis. Scorpio Tankers employs 21 workers across the globe.

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

Scorpio Tankers' mailing address is 9 BOULEVARD CHARLES III, MONACO O9, 98000. The shipping company can be reached via phone at 377-9798-5716 or via email at [email protected]