The stock of Scorpio Tankers Inc. (NYSE:STNG) last traded at $52.69, down -3.05% from the previous session.
Data from the available sources indicates that Scorpio Tankers Inc. (NYSE:STNG) is covered by 13 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $85.50 and a low of $52.00, we find $67.00. Given the previous closing price of $54.35, this indicates a potential upside of 23.28 percent. STNG stock price is now 2.76% away from the 50-day moving average and 38.65% away from the 200-day moving average. The market capitalization of the company currently stands at $3.20B.
In total, 1 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $68.36 as their price target over the next twelve months.
With the price target enhanced from $34 to $38, Deutsche Bank Upgraded its rating from Sell to Hold for Scorpio Tankers Inc. (NYSE: STNG). On July 21, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $47, while ‘BofA Securities’ rates the stock as ‘Buy’.
A total of 3.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STNG stock. A new stake in Scorpio Tankers Inc. shares was purchased by PACKER & CO LTD during the first quarter worth $19,811,000. FIERA CAPITAL CORP invested $12,953,000 in shares of STNG during the first quarter. In the first quarter, WEXFORD CAPITAL LP acquired a new stake in Scorpio Tankers Inc. valued at approximately $6,345,000. STAMINA CAPITAL MANAGEMENT LP acquired a new stake in STNG for approximately $4,943,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in STNG valued at around $3,705,000 in the second quarter. In total, there are 251 active investors with 56.10% ownership of the company’s stock.
With an opening price of $53.73 on Wednesday morning, Scorpio Tankers Inc. (NYSE: STNG) set off the trading day. During the past 12 months, Scorpio Tankers Inc. has had a low of $11.02 and a high of $57.71. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for STNG is $51.27 and a two-hundred day moving average price translates $38.00 for the stock.
The latest earnings results from Scorpio Tankers Inc. (NYSE: STNG) was released for Jun, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at $3.13, beating analysts’ expectations of $2.99 by 0.14. This compares to -$1.34 EPS in the same period last year. The net profit margin was 26.90% and return on equity was 17.10% for STNG. The company reported revenue of $490.0 million for the quarter, compared to $119.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 310.83 percent. For the current quarter, analysts expect STNG to generate $432.3M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/17/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.76% percent yield. There was an ex-dividend date of 11/16/2022 for this dividend. In terms of dividend payout ratio, STNG is presently at 6.80%.
Scorpio Tankers Inc.(STNG) Company Profile
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.