Scorpio Tankers (STNG) Stock Price, News & Analysis

6 Wall Street equities 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 equities research analysts is that investors should "moderate buy" STNG shares.
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6 Wall Street research analysts have issued 1 year price objectives for Scorpio Tankers' shares. Their STNG share price targets range from $45.00 to $91.00. On average, they anticipate the company's share 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 on January 1st, 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 drop in short interest during the month of March. As of March 15th, there was short interest totaling 1,750,000 shares, a drop of 27.7% from the February 29th total of 2,420,000 shares. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 1.4 days. Currently, 3.7% of the company's shares 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) posted 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 earned $336.30 million during the quarter, compared to the consensus estimate of $335.70 million. Scorpio Tankers had a net margin of 40.78% and a trailing twelve-month return on equity of 22.86%. The firm's revenue was down 31.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.24 earnings per share.

Scorpio Tankers declared a quarterly dividend on Tuesday, February 13th. Shareholders 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 of this dividend is Thursday, March 7th. This is an increase 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), iShares US Small Cap Value Factor ETF (SVAL) and Dimensional US Small Cap Value ETF (DFSV).

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 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 variety 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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