NYSE:STNGScorpio Tankers Stock Price, Forecast & News

Scorpio Tankers' stock was trading at $17.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, STNG shares have decreased by 25.8% and is now trading at $13.05. View which stocks have been most impacted by Coronavirus.

8 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Scorpio Tankers.

Scorpio Tankers is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Scorpio Tankers.

Scorpio Tankers Inc. (NYSE:STNG) released its earnings results on Wednesday, May, 6th. The shipping company reported $0.82 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.32. The shipping company had revenue of $254.17 million for the quarter, compared to analyst estimates of $238.41 million. Scorpio Tankers had a negative return on equity of 0.78% and a negative net margin of 2.14%. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. View Scorpio Tankers' earnings history.

Scorpio Tankers declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.10 per share on Monday, June 15th. This represents a $0.40 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, May 29th. View Scorpio Tankers' dividend history.

Shares of Scorpio Tankers 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 market closes 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.

8 brokerages have issued twelve-month target prices for Scorpio Tankers' stock. Their forecasts range from $15.00 to $45.00. On average, they expect Scorpio Tankers' stock price to reach $30.00 in the next year. This suggests a possible upside of 129.9% from the stock's current price. View analysts' price targets for Scorpio Tankers.

News stories about STNG stock have trended negative this week, according to InfoTrie. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Scorpio Tankers earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media headlines about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Scorpio Tankers.

Scorpio Tankers saw a increase in short interest in June. As of June 15th, there was short interest totaling 6,860,000 shares, an increase of 18.5% from the May 31st total of 5,790,000 shares. Based on an average daily trading volume, of 3,120,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 14.3% of the company's shares are short sold. View Scorpio Tankers' Current Options Chain.

Some companies that are related to Scorpio Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), SemGroup (SEMG), Ship Finance International (SFL), Golar LNG (GLNG), Nordic American Tanker (NAT), Golden Ocean Group (GOGL), Teekay Tankers (TNK), Teekay (TK) and GasLog (GLOG). View all competitors.

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), Associated British Foods (ABF), Ciena (CIEN), Chaarat Gold (CGH), Nordic American Tanker (NAT), Micron Technology (MU) and First Data (FDC).

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

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 $13.05.

Scorpio Tankers has a market capitalization of $765.67 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]