About Scorpio Tankers (NYSE:STNG)
Scorpio Tankers Inc. (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company's fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet). As of March 1, 2017, the Company's total oil tanker fleet (crude, products and product/chemical tankers) consisted of 4,754 ships with a combined capacity of 525.9 million deadweight tonnage. As of December 31, 2016, the Company also had contracts for the construction of one LR2 tanker and eight MR tankers. Its vessels include STI Brixton, STI Comandante, STI Finchley, STI Hammersmith, STI Larvotto, STI San Antonio and STI Regina.
Industry, Sector and Symbol:
- Industry: Sea-Borne Tankers
- Sub-Industry: Oil & Gas Storage & Transportation
- Sector: Sea-Borne Tankers
- Symbol: NYSE:STNG
- CUSIP: Y7542C10
- Web: www.scorpiotankers.com
- Debt-to-Equity Ratio: 1.28%
- Current Ratio: 1.36%
- Quick Ratio: 1.34%
Sales & Book Value:
- Annual Sales: $522.75 million
- Price / Sales: 1.82
- Cash Flow: $0.90 per share
- Price / Cash: 3.78
- Book Value: $7.53 per share
- Price / Book: 0.45
- Annual Dividend: $0.04
- Dividend Yield: 1.2%
- Trailing EPS: ($0.80)
- Net Income: ($24,900,000.00)
- Net Margins: -29.58%
- Return on Equity: -5.63%
- Return on Assets: -2.28%
- Employees: 19
- Outstanding Shares: 280,220,000
Frequently Asked Questions for Scorpio Tankers (NYSE:STNG)
What is Scorpio Tankers' stock symbol?
Scorpio Tankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "STNG."
How often does Scorpio Tankers pay dividends? What is the dividend yield for Scorpio Tankers?
Scorpio Tankers announced a quarterly dividend on Friday, November 17th. Investors of record on Wednesday, December 13th will be given a dividend of $0.01 per share on Thursday, December 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, December 12th. View Scorpio Tankers' Dividend History.
How will Scorpio Tankers' stock buyback program work?
Scorpio Tankers announced that its board has initiated a stock repurchase program on Wednesday, November 15th 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Scorpio Tankers' earnings last quarter?
Scorpio Tankers Inc. (NYSE:STNG) issued its quarterly earnings results on Thursday, November, 16th. The shipping company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.04. The shipping company had revenue of $123.20 million for the quarter, compared to analyst estimates of $129.54 million. Scorpio Tankers had a negative net margin of 29.58% and a negative return on equity of 5.63%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. View Scorpio Tankers' Earnings History.
When will Scorpio Tankers make its next earnings announcement?
Where is Scorpio Tankers' stock going? Where will Scorpio Tankers' stock price be in 2017?
11 brokers have issued 12 month price targets for Scorpio Tankers' stock. Their predictions range from $5.00 to $7.50. On average, they anticipate Scorpio Tankers' stock price to reach $6.56 in the next year. View Analyst Ratings for Scorpio Tankers.
Who are some of Scorpio Tankers' key competitors?
Some companies that are related to Scorpio Tankers include American Assets Trust (AAT), LTC Properties (LTC), Mueller Water Products (MWA), Neustar (NSR), Gazit-Globe (GZT), Alamos Gold (AGI), Montpelier Re Holdings (MRH), Noble Midstream Partners LP (NBLX), Pitney Bowes (PBI), Horace Mann Educators (HMN), Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN), CVR Refining, LP (CVRR), Fidelity and Guaranty Life (FGL), Granite Real Estate Investment Trust (GRP), Headwaters (HW), Tumi Holdings (TUMI), World Fuel Services Corporation (INT) and Semgroup Corporation (SEMG).
Who are Scorpio Tankers' key executives?
Scorpio Tankers' management team includes the folowing people:
- Emanuele A. Lauro, Chairman of the Board, Chief Executive Officer (Age 38)
- Robert L. Bugbee, President, Director (Age 56)
- Brian Lee, Chief Financial Officer (Age 50)
- Cameron K. Mackey, Chief Operating Officer, Director (Age 48)
- Filippo Lauro, Vice President (Age 40)
- Luca Forgione, General Counsel (Age 40)
- Anoushka Rafia Kachelo, Secretary (Age 36)
- Alexandre Albertini, Independent Director (Age 40)
- Reidar C. Brekke, Independent Director (Age 55)
- Ademaro Lanzara, Independent Director (Age 74)
Who owns Scorpio Tankers stock?
Scorpio Tankers' stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.02%), Monarch Alternative Capital LP (3.37%), Lasry Marc (2.00%), Bank of New York Mellon Corp (1.73%), Boston Partners (2.53%) and Blackstone Group L.P. (1.49%). View Institutional Ownership Trends for Scorpio Tankers.
Who sold Scorpio Tankers stock? Who is selling Scorpio Tankers stock?
Scorpio Tankers' stock was sold by a variety of institutional investors in the last quarter, including Impala Asset Management LLC, Prudential Financial Inc., Allianz Asset Management GmbH, Bamco Inc. NY, Ingalls & Snyder LLC, Comerica Bank, Cedar Capital LLC and Highbridge Capital Management LLC. View Insider Buying and Selling for Scorpio Tankers.
Who bought Scorpio Tankers stock? Who is buying Scorpio Tankers stock?
Scorpio Tankers' stock was acquired by a variety of institutional investors in the last quarter, including Monarch Alternative Capital LP, Lasry Marc, Bank of New York Mellon Corp, Blackstone Group L.P., Vitol Holding SARL, Dimensional Fund Advisors LP, Boston Partners and Cubist Systematic Strategies LLC. View Insider Buying and Selling for Scorpio Tankers.
How do I buy Scorpio Tankers stock?
Shares of Scorpio Tankers 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, Scottrade, Fidelity and Charles Schwab.
What is Scorpio Tankers' stock price today?
One share of Scorpio Tankers stock can currently be purchased for approximately $3.40.
How big of a company is Scorpio Tankers?
Scorpio Tankers has a market capitalization of $935.93 million and generates $522.75 million in revenue each year. The shipping company earns ($24,900,000.00) in net income (profit) each year or ($0.80) on an earnings per share basis. Scorpio Tankers employs 19 workers across the globe.
How can I contact Scorpio Tankers?
Scorpio Tankers' mailing address is 9, BOULEVARD CHARLES III, MONACO, 98000, Monaco. The shipping company can be reached via phone at +1-212-5421616 or via email at [email protected]
MarketBeat Community Rating for Scorpio Tankers (NYSE STNG)MarketBeat's community ratings are surveys of what our community members think about Scorpio Tankers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Scorpio Tankers (NYSE:STNG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 11 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$6.56 (93.01% upside)|
Consensus Price Target History for Scorpio Tankers (NYSE:STNG)
Analysts' Ratings History for Scorpio Tankers (NYSE:STNG)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/17/2017||Morgan Stanley||Lower Price Target||Overweight||$5.50 -> $5.00||N/A|
|10/31/2017||Jefferies Group LLC||Reiterated Rating||Buy||$5.50||N/A|
|10/29/2017||Stifel Nicolaus||Set Price Target||Buy||$7.00||N/A|
|9/19/2017||Credit Suisse Group||Reiterated Rating||Buy||$7.00||High|
|5/25/2017||Seaport Global Securities||Reiterated Rating||Buy||$7.50||High|
|5/12/2017||Bank of America Corporation||Upgrade||Underperform -> Buy||$6.00||Low|
|4/27/2017||Cowen and Company||Reiterated Rating||Outperform -> Outperform||$10.00 -> $7.00||High|
|2/23/2017||Pareto Securities||Upgrade||Hold -> Buy||N/A|
|2/22/2017||ABN Amro||Upgrade||Hold -> Buy||$7.50||N/A|
|2/15/2017||Clarkson Capital||Upgrade||Neutral -> Buy||N/A|
|2/13/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||N/A|
|4/7/2016||J P Morgan Chase & Co||Lower Price Target||$11.00 -> $10.00||N/A|
Earnings History and Estimates Chart for Scorpio Tankers (NYSE:STNG)
Earnings History by Quarter for Scorpio Tankers (NYSE STNG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/16/2017||Before Market||($0.11)||($0.15)||$129.54 million||$123.20 million||View||N/A|
|9/18/2017||6/30/2017||($0.05)||($0.09)||$130.03 million||$118.40 million||View||N/A|
|4/27/2017||Q1||($0.10)||($0.07)||$119.80 million||$122.80 million||View||N/A|
|2/13/2017||Q416||($0.19)||($0.18)||$103.95 million||$105.60 million||View||N/A|
|11/14/2016||Q316||($0.10)||($0.11)||$118.30 million||$114.34 million||View||N/A|
|7/28/2016||Q216||$0.07||$0.04||$146.20 million||$137.21 million||View||Listen|
|4/27/2016||Q116||$0.18||$0.18||$168.95 million||$165.10 million||View||Listen|
|2/29/2016||Q415||$0.21||$0.21||$172.41 million||$178.40 million||View||Listen|
|11/4/2015||Q315||$0.43||$0.46||$218.20 million||$228.10 million||View||N/A|
|7/29/2015||Q215||$0.27||$0.32||$168.14 million||$188.50 million||View||Listen|
|4/27/2015||Q115||$0.24||$0.24||$152.50 million||$160.70 million||View||N/A|
|3/2/2015||Q414||$0.13||$0.12||$129.71 million||$125.70 million||View||N/A|
|10/27/2014||Q314||$0.02||($0.01)||$88.12 million||$82.89 million||View||Listen|
|7/28/2014||Q214||($0.04)||($0.06)||$63.48 million||$57.40 million||View||N/A|
|4/28/2014||Q114||$0.03||$0.01||$44.92 million||$76.73 million||View||N/A|
|2/24/2014||Q413||($0.08)||$30.10 million||$53.37 million||View||N/A|
|7/29/2013||Q2 2013||$0.05||$0.03||$27.50 million||$51.53 million||View||N/A|
|4/29/2013||Q1 2013||$0.06||$0.08||$44.90 million||View||N/A|
|2/25/2013||Q4 2012||($0.05)||($0.08)||$22.64 million||$30.10 million||View||N/A|
|10/29/2012||Q312||($0.15)||($0.09)||$22.80 million||$28.10 million||View||N/A|
Earnings Estimates for Scorpio Tankers (NYSE:STNG)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Scorpio Tankers (NYSE:STNG)
|Dividend Growth:||56.70% (3 Year Average)|
|Payout Ratio:||-5.00% (Trailing 12 Months of Earnings) |
-17.39% (Based on This Year's Estimates)
8.70% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Scorpio Tankers (NYSE STNG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Scorpio Tankers (NYSE STNG)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Scorpio Tankers (NYSE:STNG)
Latest Headlines for Scorpio Tankers (NYSE STNG)
Financials are not available for this stock.
Scorpio Tankers (NYSE STNG) Chart for Saturday, November, 18, 2017