NYSE:STNGScorpio Tankers Stock Price, Forecast & News

Scorpio Tankers' stock was trading at $17.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STNG shares have decreased by 31.0% and is now trading at $12.14.
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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."
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Scorpio Tankers is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Scorpio Tankers.

Scorpio Tankers Inc. (NYSE:STNG) posted its quarterly earnings results on Thursday, August, 6th. The shipping company reported $2.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.37 by $0.03. The shipping company earned $346.24 million during the quarter, compared to analyst estimates of $349.58 million. Scorpio Tankers had a net margin of 16.42% and a return on equity of 7.80%. Scorpio Tankers's revenue for the quarter was up 129.6% compared to the same quarter last year. During the same quarter last year, the business earned ($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 given a dividend of $0.10 per share on Tuesday, September 29th. This represents a $0.40 annualized dividend and a yield of 3.29%. 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.

8 equities research analysts have issued 1 year price targets for Scorpio Tankers' stock. Their forecasts range from $15.00 to $45.00. On average, they expect Scorpio Tankers' share price to reach $27.86 in the next year. This suggests a possible upside of 129.5% from the stock's current price.
View analysts' price targets for Scorpio Tankers.

Headlines about STNG stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Scorpio Tankers earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Scorpio Tankers.

Some companies that are related to Scorpio Tankers include Kinder Morgan (KMI), Williams Companies (WMB), Cheniere Energy (LNG), Targa Resources (TRGP), Frontline (FRO), Ship Finance International (SFL), Golar LNG (GLNG), 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 retail and institutional investors. Top institutional investors include Hosking Partners LLP (2.22%), TCW Group Inc. (0.86%), Hodges Capital Management Inc. (0.61%), Peregrine Capital Management LLC (0.32%), Clear Harbor Asset Management LLC (0.22%) and Evolution Wealth Advisors LLC (0.15%).

STNG stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Envestnet Asset Management Inc., Hodges Capital Management Inc., UBS Group AG, Seven Eight Capital LP, and First Mercantile Trust Co..

STNG stock was acquired by a variety of institutional investors in the last quarter, including TCW Group Inc., Evolution Wealth Advisors LLC, Hosking Partners LLP, Trexquant Investment LP, GWM Advisors LLC, Virtu Financial LLC, Clear Harbor Asset Management LLC, and Leap Investments LP.

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 $12.14.

Scorpio Tankers has a market capitalization of $712.28 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]