Scorpio Tankers (STNG) Stock Price, News & Analysis

$77.82
+1.07 (+1.39%)
(As of 05/10/2024 ET)
Today's Range
$77.82
$79.58
50-Day Range
$64.70
$77.83
52-Week Range
$40.34
$79.58
Volume
1.22 million shs
Average Volume
674,304 shs
Market Capitalization
$4.13 billion
P/E Ratio
7.22
Dividend Yield
2.06%
Price Target
$80.17

Scorpio Tankers MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.0% Upside
$80.17 Price Target
Short Interest
Healthy
3.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.95
Upright™ Environmental Score
News Sentiment
0.90mentions of Scorpio Tankers in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-15.63%
From $12.54 to $10.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.03 out of 5 stars

Transportation Sector

62nd out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

13th out of 28 stocks

STNG stock logo

About Scorpio Tankers Stock (NYSE:STNG)

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. Scorpio Tankers Inc. was incorporated in 2009 and is headquartered in Monaco.

STNG Stock Price History

STNG Stock News Headlines

Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
STNG May 2024 81.000 call (STNG240503C00081000)
STNG Mar 2024 72.000 call
STNG Mar 2024 73.000 put
STNG Oct 2024 77.500 call
See More Headlines
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Company Calendar

Ex-Dividend for 3/27 Dividend
3/07/2024
Dividend Payable
3/27/2024
Last Earnings
5/09/2024
Today
5/12/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Oil & Gas Storage & Transportation
CUSIP
Y7542C10
Fax
N/A
Employees
24
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$80.17
High Stock Price Target
$91.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+3.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$546.90 million
Pretax Margin
40.78%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$14.25 per share
Book Value
$46.03 per share

Miscellaneous

Free Float
49,210,000
Market Cap
$4.13 billion
Optionable
Optionable
Beta
0.18
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Key Executives

  • Mr. Emanuele A. Lauro (Age 45)
    Founder, Chairman & CEO
  • Mr. Robert L. Bugbee (Age 64)
    President & Director
  • Mr. Christopher Avella (Age 44)
    Chief Financial Officer
  • Mr. Cameron Mackey (Age 56)
    COO & Director
  • James Doyle
    Head of Corporate Development & Investor Relations
  • Ms. Sujata Parekh Kumar (Age 65)
    MD & Director
  • Ms. Auste Vizbaraite (Age 34)
    Secretary
  • Mr. Lars Dencker Nielsen
    Commercial Director
  • Mr. David Rodney Morant
    Managing Director - Scorpio UK

STNG Stock Analysis - Frequently Asked Questions

Should I buy or sell Scorpio Tankers stock right now?

6 Wall Street research 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 research analysts is that investors should "moderate buy" STNG shares.
View STNG analyst ratings
or view top-rated stocks.

What is Scorpio Tankers' stock price target for 2024?

6 equities research analysts have issued 12-month price targets for Scorpio Tankers' shares. Their STNG share price targets range from $61.00 to $91.00. On average, they anticipate the company's share price to reach $80.17 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for STNG
or view top-rated stocks among Wall Street analysts.

How have STNG shares performed in 2024?

Scorpio Tankers' stock was trading at $60.80 at the beginning of 2024. Since then, STNG shares have increased by 28.0% and is now trading at $77.82.
View the best growth stocks for 2024 here
.

When is Scorpio Tankers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our STNG earnings forecast
.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) posted its quarterly earnings data on Thursday, May, 9th. The shipping company reported $3.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.72 by $0.25. The shipping company earned $389.76 million during the quarter, compared to analysts' expectations of $381.46 million. Scorpio Tankers had a trailing twelve-month return on equity of 23.49% and a net margin of 42.12%.

How often does Scorpio Tankers pay dividends? What is the dividend yield for Scorpio Tankers?

Scorpio Tankers announced a quarterly dividend on Wednesday, May 8th. Shareholders of record on Friday, June 14th will be given a dividend of $0.40 per share on Friday, June 28th. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for STNG
.

Is Scorpio Tankers a good dividend stock?

Scorpio Tankers (NYSE:STNG) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.08%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STNG will have a dividend payout ratio of 15.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STNG.

When did Scorpio Tankers' stock split?

Scorpio Tankers shares reverse split 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 closing bell 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.

What other stocks do shareholders of Scorpio Tankers own?

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).

Who are Scorpio Tankers' major shareholders?

Scorpio Tankers' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LSV Asset Management (3.46%), Vanguard Group Inc. (1.62%), Hartree Partners LP (0.98%), Hosking Partners LLP (0.59%), Private Management Group Inc. (0.44%) and Cookson Peirce & Co. Inc. (0.44%).

How do I buy shares of Scorpio Tankers?

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.

This page (NYSE:STNG) was last updated on 5/12/2024 by MarketBeat.com Staff

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