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NYSE:STNG

Scorpio Tankers - STNG Stock Forecast, Price & News

$42.21
+0.09 (+0.21%)
(As of 08/11/2022 11:24 AM ET)
Add
Compare
Today's Range
$41.97
$43.16
50-Day Range
$29.29
$42.93
52-Week Range
$11.02
$43.10
Volume
18,454 shs
Average Volume
1.04 million shs
Market Capitalization
$2.46 billion
P/E Ratio
N/A
Dividend Yield
0.93%
Price Target
$37.36

Scorpio Tankers MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.5% Downside
$37.36 Price Target
Short Interest
Healthy
7.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.95
Upright™ Environmental Score
News Sentiment
0.48mentions of Scorpio Tankers in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.56%
From $6.80 to $5.13 Per Share

Overall MarketRank

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

1.52 out of 5 stars

Transportation Sector

115th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

28th out of 30 stocks

STNG stock logo

About Scorpio Tankers (NYSE:STNG) Stock

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. Scorpio Tankers Inc. was incorporated in 2009 and is based in Monaco.

Analyst Upgrades and Downgrades

Several research firms recently commented on STNG. StockNews.com raised Scorpio Tankers from a "hold" rating to a "buy" rating in a research report on Monday, August 1st. HC Wainwright raised their price target on shares of Scorpio Tankers from $28.00 to $38.00 in a report on Friday, April 29th. TheStreet upgraded shares of Scorpio Tankers from a "d+" rating to a "c" rating in a report on Thursday, July 28th. B. Riley raised their target price on Scorpio Tankers from $45.00 to $50.00 in a research note on Friday, July 29th. Finally, Clarkson Capital reiterated a "buy" rating on shares of Scorpio Tankers in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.36.

Scorpio Tankers Stock Performance

STNG Stock traded down $0.81 during trading on Wednesday, hitting $42.12. 747,776 shares of the company's stock traded hands, compared to its average volume of 1,186,562. The stock has a fifty day moving average price of $36.27 and a two-hundred day moving average price of $26.28. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.49. Scorpio Tankers has a 52 week low of $11.02 and a 52 week high of $43.10. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -66.86, a price-to-earnings-growth ratio of 0.10 and a beta of 0.51.

Scorpio Tankers (NYSE:STNG - Get Rating) last issued its earnings results on Thursday, July 28th. The shipping company reported $3.13 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.28. The company had revenue of $405.80 million during the quarter, compared to the consensus estimate of $333.11 million. Scorpio Tankers had a positive return on equity of 3.32% and a negative net margin of 1.49%. Scorpio Tankers's quarterly revenue was up 191.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.94) earnings per share. As a group, equities analysts anticipate that Scorpio Tankers will post 6.8 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 10th. Scorpio Tankers's payout ratio is -63.49%.

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STNG Stock News Headlines

What Are Whales Doing With Scorpio Tankers
Scorpio Tankers (NYSE:STNG) Upgraded to Buy at StockNews.com
Scorpio Tankers (NYSE:STNG) Reaches New 1-Year High at $40.73
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STNG Company Calendar

Ex-Dividend for 6/15 Dividend
5/19/2022
Dividend Payable
6/15/2022
Last Earnings
7/28/2022
Ex-Dividend for 9/15 Dividend
8/10/2022
Today
8/11/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/10/2022
Fiscal Year End
12/31/2022

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
$37.36
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
-11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-234,430,000.00
Pretax Margin
-1.49%

Debt

Sales & Book Value

Annual Sales
$540.79 million
Cash Flow
$0.72 per share
Book Value
$33.25 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.46 billion
Optionable
Optionable
Beta
0.51

Key Executives

  • Mr. Emanuele A. Lauro (Age 43)
    Founder, Chairman & CEO
  • Mr. Robert L. Bugbee (Age 62)
    Pres & Director
  • Mr. Brian M. Lee (Age 55)
    Chief Financial Officer
  • Mr. Cameron Mackey (Age 54)
    COO & Director
  • Ms. Monica Pahwa (Age 52)
    Sec.
  • Mr. Lars Dencker Nielsen
    Commercial Director
  • Mr. David Rodney Morant
    Managing Director - Scorpio UK
  • James Doyle
    Sr. Financial & Research Analyst













STNG Stock - Frequently Asked Questions

Should I buy or sell Scorpio Tankers stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last twelve months. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street 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 2022?

6 brokers have issued 12-month target prices for Scorpio Tankers' shares. Their STNG share price forecasts range from $10.50 to $50.00. On average, they expect the company's stock price to reach $37.36 in the next twelve months. This suggests that the stock has a possible downside of 11.3%.
View analysts price targets for STNG
or view top-rated stocks among Wall Street analysts.

How have STNG shares performed in 2022?

Scorpio Tankers' stock was trading at $12.81 at the beginning of 2022. Since then, STNG shares have increased by 228.8% and is now trading at $42.12.
View the best growth stocks for 2022 here
.

When is Scorpio Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our STNG earnings forecast
.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) issued its earnings results on Thursday, July, 28th. The shipping company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.28. The shipping company earned $405.80 million during the quarter, compared to the consensus estimate of $333.11 million. Scorpio Tankers had a positive trailing twelve-month return on equity of 3.32% and a negative net margin of 1.49%. The company's revenue was up 191.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.94) earnings per share.

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

Scorpio Tankers announced a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, August 11th will be given a dividend of $0.10 per share on Thursday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for STNG
.

Is Scorpio Tankers a good dividend stock?

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.93%.
Read our dividend analysis for STNG.

When did Scorpio Tankers' stock split?

Scorpio Tankers shares 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 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 many different institutional and retail investors. Top institutional investors include Hosking Partners LLP (1.00%), DnB Asset Management AS (0.75%), Private Management Group Inc. (0.72%), TCW Group Inc. (0.68%), Royce & Associates LP (0.54%) and Peregrine Capital Management LLC (0.50%).

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 $42.12.

How much money does Scorpio Tankers make?

Scorpio Tankers (NYSE:STNG) has a market capitalization of $2.46 billion and generates $540.79 million in revenue each year. The shipping company earns $-234,430,000.00 in net income (profit) each year or ($0.63) 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 8/11/2022 by MarketBeat.com Staff

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