The stock of Scorpio Tankers Inc (NYSE:STNG) last traded at $40.05, up 1.50% from the previous session.
STNG stock price is now 4.75% away from the 50-day moving average and -23.40% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
With the price target reduced from $90 to $65, Stifel Downgraded its rating from Buy to Hold for Scorpio Tankers Inc (NYSE: STNG). On July 21, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $60 to quote $45, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Lauro Filippo, Officer bought 100,000 shares of the company’s stock on Jan 17 ’25. The stock was bought for $5,282,000 at an average price of $52.82. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’25, Director Rayner Merrick James Forbes bought 5,000 shares of the business’s stock. A total of $275,725 was incurred on buying the stock at an average price of $55.14. A total of 13.23% of the company’s stock is owned by insiders.
During the past 12 months, Scorpio Tankers Inc has had a low of $30.63 and a high of $84.67. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.43, and a quick ratio of 2.39. The fifty day moving average price for STNG is $38.2332 and a two-hundred day moving average price translates $52.28145 for the stock.
The latest earnings results from Scorpio Tankers Inc (NYSE: STNG) was released for 2025-03-31. The net profit margin was 53.76% and return on equity was 24.68% for STNG. The company reported revenue of $213.98 million for the quarter, compared to $391.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.32 percent.
