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Scorpio Tankers (STNG) Stock Price, News & Analysis

$67.71
-0.62 (-0.91%)
(As of 09/6/2024 ET)
Today's Range
$67.64
$69.09
50-Day Range
$67.72
$81.58
52-Week Range
$47.88
$84.67
Volume
779,113 shs
Average Volume
661,543 shs
Market Capitalization
$3.70 billion
P/E Ratio
6.28
Dividend Yield
2.36%
Price Target
$84.17

Scorpio Tankers MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
24.3% Upside
$84.17 Price Target
Short Interest
Bearish
6.32% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.95
Upright™ Environmental Score
News Sentiment
0.93mentions of Scorpio Tankers in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.52%
From $12.89 to $9.73 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.

2.95 out of 5 stars

Transportation Sector

69th out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

18th out of 27 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

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
STNG Aug 2024 84.000 call
STNG Aug 2024 65.000 call (STNG240816C00065000)
STNG Jun 2025 87.500 put (STNG250620P00087500)
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
STNG Aug 2024 88.000 call
Scorpio Tankers's (NYSE:STNG) Q2 Sales Beat Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Last Earnings
7/30/2024
Ex-Dividend for 9/13 Dividend
8/15/2024
Today
9/08/2024
Dividend Payable
9/13/2024
Next Earnings (Estimated)
11/14/2024
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
30
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$84.17
High Stock Price Target
$100.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+24.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$546.90 million
Pretax Margin
47.36%

Debt

Sales & Book Value

Annual Sales
$1.40 billion
Cash Flow
$13.90 per share
Book Value
$55.06 per share

Miscellaneous

Free Float
50,570,000
Market Cap
$3.70 billion
Optionable
Optionable
Beta
0.16
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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

How have STNG shares performed this year?

Scorpio Tankers' stock was trading at $60.80 on January 1st, 2024. Since then, STNG shares have increased by 11.4% and is now trading at $67.71.
View the best growth stocks for 2024 here
.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) announced its quarterly earnings data on Tuesday, July, 30th. The shipping company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.08. The business's revenue for the quarter was up 15.6% on a year-over-year basis.

When did Scorpio Tankers' stock split?

Scorpio Tankers shares reverse split before market open 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.

Who are Scorpio Tankers' major shareholders?

Top institutional shareholders of Scorpio Tankers include Dimensional Fund Advisors LP (6.56%), LSV Asset Management (3.75%), Renaissance Technologies LLC (2.47%) and American Century Companies Inc. (2.17%).

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.

What other stocks do shareholders of Scorpio Tankers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Scorpio Tankers investors own include Intelsat (I), Bank of America (BAC), AMC Entertainment (AMC), Micron Technology (MU), Fossil Group (FOSL), Associated British Foods (ABF) and Chaarat Gold (CGH).

This page (NYSE:STNG) was last updated on 9/8/2024 by MarketBeat.com Staff

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