Scorpio Tankers (STNG) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Tankers in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" STNG shares.
View STNG analyst ratings or view top-rated stocks.

6 Wall Street 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 twelve months. This suggests a possible upside of 6.4% 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 stock has increased by 14.4% and is now trading at $69.53.
View the best growth stocks for 2024 here.

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 daily trading volume, of 1,270,000 shares, the short-interest ratio is presently 1.4 days. Approximately 3.7% of the company's stock are sold short.
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) announced 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 for the quarter was down 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 earnings per share.

Scorpio Tankers announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 8th will be given 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 2.30%. The ex-dividend date of this dividend 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), First Trust BuyWrite Income ETF (FTHI) and iShares US Small Cap Value Factor ETF (SVAL).

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 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 institutional and retail 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%), AlphaMark Advisors LLC (0.01%) and Norden Group 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.
Compare Top Brokerages Here.