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QQQ   312.72
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NYSE:STNG

Scorpio Tankers - STNG Stock Forecast, Price & News

$55.56
-0.73 (-1.30%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$54.82
$56.57
50-Day Range
$45.69
$63.19
52-Week Range
$18.79
$64.20
Volume
860,874 shs
Average Volume
1.60 million shs
Market Capitalization
$3.24 billion
P/E Ratio
5.44
Dividend Yield
1.44%
Price Target
$66.57

Scorpio Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
19.8% Upside
$66.57 Price Target
Short Interest
Bearish
7.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.95
Upright™ Environmental Score
News Sentiment
0.64mentions of Scorpio Tankers in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.32%
From $10.23 to $7.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Transportation Sector

87th out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

23rd out of 29 stocks


STNG stock logo

About Scorpio Tankers (NYSE:STNG) Stock

Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. Its consists of wholly owned, finance leased, and bareboat chartered-in tankers. It operates through the following segments: MR, LR2, Handymax, and LR1. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.

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STNG Stock News Headlines

Three Mid Caps Wall Street Sees Doubling Within 12 Months (STNG)
Mid-cap two-baggers over a one-year period are rare, yet analysts predict that these three companies have what it takes.
Oil Tankers Boost Dividends, See Continued Robust Business In '23 (STNG)
Oil tankers are trending higher due to short supply and high demand. Nordic American Tanker and International Seaways recently boosted shareholder payouts.
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Taking The Sting Out Of STNG Stock
BTIG Sticks to Its Buy Rating for Scorpio Tankers (STNG)
Scorpio Tankers Inc. (STNG)
Earnings Preview: Scorpio Tankers
Why Tanker Stocks Popped This Week
Returns At Scorpio Tankers (NYSE:STNG) Are On The Way Up
See More Headlines
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STNG Company Calendar

Last Earnings
2/16/2023
Ex-Dividend for 3/31 Dividend
3/06/2023
Today
3/29/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y7542C10
Fax
N/A
Employees
26
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$66.57
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+19.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$637.25 million
Pretax Margin
40.77%

Debt

Sales & Book Value

Annual Sales
$1.56 billion
Cash Flow
$16.34 per share
Book Value
$42.95 per share

Miscellaneous

Free Float
54,086,000
Market Cap
$3.24 billion
Optionable
Optionable
Beta
0.42

Key Executives

  • Emanuele A. Lauro
    Chairman & Chief Executive Officer
  • Robert L. Bugbee
    President & Non-Independent Director
  • Cameron K. Mackey
    Chief Operating Officer & Director
  • Brian M. Lee
    Chief Financial Officer
  • Filippo Lauro
    Vice President













STNG Stock - Frequently Asked Questions

Should I buy or sell Scorpio Tankers stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" STNG shares.
View STNG analyst ratings
or view top-rated stocks.

What is Scorpio Tankers' stock price forecast for 2023?

7 analysts have issued 1 year price targets for Scorpio Tankers' stock. Their STNG share price forecasts range from $38.00 to $87.00. On average, they anticipate the company's stock price to reach $66.57 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
View analysts price targets for STNG
or view top-rated stocks among Wall Street analysts.

How have STNG shares performed in 2023?

Scorpio Tankers' stock was trading at $53.77 on January 1st, 2023. Since then, STNG shares have increased by 3.1% and is now trading at $55.41.
View the best growth stocks for 2023 here
.

Are investors shorting Scorpio Tankers?

Scorpio Tankers saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,810,000 shares, an increase of 19.4% from the February 28th total of 3,190,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the short-interest ratio is currently 2.5 days. Approximately 7.1% of the company's shares are short sold.
View Scorpio Tankers' Short Interest
.

When is Scorpio Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our STNG earnings forecast
.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) announced its quarterly earnings results on Thursday, February, 16th. The shipping company reported $4.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by $0.14. The shipping company earned $493.70 million during the quarter, compared to analyst estimates of $446.96 million. Scorpio Tankers had a net margin of 40.78% and a trailing twelve-month return on equity of 33.75%. Scorpio Tankers's revenue was up 233.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.79) EPS.

How often does Scorpio Tankers pay dividends? What is the dividend yield for Scorpio Tankers?

Scorpio Tankers announced a quarterly dividend on Wednesday, February 15th. Investors of record on Tuesday, March 7th will be given a dividend of $0.20 per share on Friday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, March 6th. This is a boost from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for STNG
.

Is Scorpio Tankers a good dividend stock?

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 7.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 10.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

When did Scorpio Tankers' stock split?

Scorpio Tankers shares reverse split before market open 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 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.

What other stocks do shareholders of Scorpio Tankers own?

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).

What is Scorpio Tankers' stock symbol?

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

Who are Scorpio Tankers' major shareholders?

Scorpio Tankers' stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.66%), Two Sigma Advisers LP (1.74%), Two Sigma Investments LP (0.00%), Renaissance Technologies LLC (1.59%), Millennium Management LLC (1.58%) and Platinum Investment Management Ltd. (1.55%).

How do I buy shares of Scorpio Tankers?

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.
Compare Top Brokerages Here.

What is Scorpio Tankers' stock price today?

One share of STNG stock can currently be purchased for approximately $55.41.

How much money does Scorpio Tankers make?

Scorpio Tankers (NYSE:STNG) has a market capitalization of $3.23 billion and generates $1.56 billion in revenue each year. The shipping company earns $637.25 million in net income (profit) each year or $10.22 on an earnings per share basis.

How can I contact Scorpio Tankers?

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.

This page (NYSE:STNG) was last updated on 3/30/2023 by MarketBeat.com Staff