FY2025 EPS Estimates for Scorpio Tankers Lifted by B. Riley

Scorpio Tankers Inc. (NYSE:STNG - Free Report) - B. Riley lifted their FY2025 EPS estimates for shares of Scorpio Tankers in a report released on Tuesday, April 8th. B. Riley analyst L. Burke now forecasts that the shipping company will earn $3.35 per share for the year, up from their previous forecast of $3.30. The consensus estimate for Scorpio Tankers' current full-year earnings is $5.29 per share.

Scorpio Tankers (NYSE:STNG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%.

Several other brokerages have also issued reports on STNG. Stifel Nicolaus dropped their price objective on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Jefferies Financial Group reiterated a "buy" rating and issued a $75.00 price target on shares of Scorpio Tankers in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $68.75.

Scorpio Tankers Trading Down 1.9 %

Shares of NYSE:STNG traded down $0.65 during midday trading on Thursday, reaching $33.68. 270,438 shares of the company's stock were exchanged, compared to its average volume of 882,180. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.43 and a quick ratio of 2.39. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 2.58 and a beta of -0.01. The firm's 50 day simple moving average is $39.80 and its two-hundred day simple moving average is $49.83. Scorpio Tankers has a fifty-two week low of $30.63 and a fifty-two week high of $84.67.

Scorpio Tankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is presently 12.27%.

Institutional Investors Weigh In On Scorpio Tankers

Several large investors have recently bought and sold shares of STNG. GAMMA Investing LLC raised its stake in shares of Scorpio Tankers by 204.1% during the 4th quarter. GAMMA Investing LLC now owns 599 shares of the shipping company's stock worth $30,000 after purchasing an additional 402 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Scorpio Tankers by 75.8% during the fourth quarter. Lindbrook Capital LLC now owns 610 shares of the shipping company's stock valued at $30,000 after acquiring an additional 263 shares during the last quarter. Covestor Ltd increased its position in Scorpio Tankers by 1,375.0% during the 4th quarter. Covestor Ltd now owns 826 shares of the shipping company's stock valued at $41,000 after purchasing an additional 770 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Scorpio Tankers by 40.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock worth $46,000 after buying an additional 266 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Scorpio Tankers by 850.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 979 shares of the shipping company's stock valued at $49,000 after acquiring an additional 876 shares during the period. Institutional investors 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.