Scorpio Tankers (STNG) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" STNG shares.
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6 equities research analysts have issued 1 year price targets for Scorpio Tankers' stock. Their STNG share price targets range from $45.00 to $91.00. On average, they predict the company's stock price to reach $74.00 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for STNG or view top-rated stocks among Wall Street analysts.

Scorpio Tankers' stock was trading at $60.80 at the beginning of 2024. Since then, STNG shares have increased by 12.6% and is now trading at $68.46.
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Scorpio Tankers saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 1,750,000 shares, a decrease of 27.7% from the February 29th total of 2,420,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 1.4 days. Approximately 3.7% of the shares of the stock are short sold.
View Scorpio Tankers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our STNG earnings forecast.

Scorpio Tankers will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Scorpio Tankers Inc. (NYSE:STNG) issued its earnings results on Wednesday, February, 14th. The shipping company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.13. The shipping company had revenue of $336.30 million for the quarter, compared to analysts' expectations of $335.70 million. Scorpio Tankers had a trailing twelve-month return on equity of 22.86% and a net margin of 40.78%. The business's quarterly revenue was down 31.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.24 EPS.

Scorpio Tankers announced a quarterly dividend on Tuesday, February 13th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.40 per share on Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for STNG.

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.26%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 16.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

ETFs with the largest weight of Scorpio Tankers (NYSE:STNG) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), Invesco Oil & Gas Services ETF (PXJ), U.S. Global Sea to Sky Cargo ETF (SEA), AlphaMark Actively Managed Small Cap ETF (SMCP), Invesco Zacks Multi-Asset Income ETF (CVY), Avantis U.S. Small Cap Value ETF (AVUV) and iShares US Small Cap Value Factor ETF (SVAL).JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

Scorpio Tankers's stock 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 stock prior to the reverse split would have 10 shares after the split.

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).

Scorpio Tankers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (0.04%), Allspring Global Investments Holdings LLC (0.02%), Counterpoint Mutual Funds LLC (0.01%) and AlphaMark Advisors LLC (0.01%).

Shares of STNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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