Scorpio Tankers Inc. (NYSE:STNG) Receives Consensus Rating of “Hold” from Analysts

Scorpio Tankers Inc. (NYSE:STNG) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $68.75.

STNG has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating for the company in a report on Friday, February 14th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price target on shares of Scorpio Tankers in a research note on Thursday, February 13th.

Scorpio Tankers Trading Up 3.4 %

Shares of Scorpio Tankers stock opened at $35.30 on Friday. The company has a fifty day simple moving average of $38.73 and a 200-day simple moving average of $49.12. Scorpio Tankers has a 12-month low of $30.63 and a 12-month high of $84.67. The company has a current ratio of 2.43, a quick ratio of 2.39 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 2.71 and a beta of -0.01.

Scorpio Tankers (NYSE:STNG) last posted its earnings results on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. On average, equities analysts forecast that Scorpio Tankers will post 5.29 EPS for the current fiscal year.

Scorpio Tankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.53%. Scorpio Tankers’s dividend payout ratio is presently 12.27%.

Institutional Trading of Scorpio Tankers

Several large investors have recently bought and sold shares of STNG. SG Americas Securities LLC acquired a new position in shares of Scorpio Tankers during the 1st quarter worth $1,006,000. Rhumbline Advisers grew its position in shares of Scorpio Tankers by 10.7% in the first quarter. Rhumbline Advisers now owns 84,174 shares of the shipping company’s stock valued at $3,163,000 after purchasing an additional 8,170 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Scorpio Tankers by 1,650.4% during the 1st quarter. GAMMA Investing LLC now owns 10,485 shares of the shipping company’s stock worth $394,000 after purchasing an additional 9,886 shares in the last quarter. 111 Capital acquired a new position in shares of Scorpio Tankers during the 4th quarter worth approximately $238,000. Finally, LM Asset IM Inc. purchased a new stake in Scorpio Tankers in the 4th quarter valued at approximately $1,988,000. Institutional investors and hedge funds own 54.64% of the company’s stock.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.