Scorpio Tankers (STNG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $54.38 to $56.55
• 50-Day Range: $53.12 to $74.34
• 52-Week Range: $52.68 to $84.67
• Volume: 1.40 million shs
• Average Volume: 1.09 million shs
• Market Capitalization: $2.76 billion
• P/E Ratio: 3.92
• Dividend Yield: 2.93%
• Price Target: $76.40
• Consensus Rating: Moderate Buy

Scorpio Tankers Stock Analysis - MarketRank™

Scorpio Tankers scored higher than 84% of companies evaluated by MarketBeat, and ranked 35th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Scorpio Tankers has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Scorpio Tankers has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -16.49%

Earnings Growth

Earnings for Scorpio Tankers are expected to decrease by -16.49% in the coming year, from $11.04 to $9.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Scorpio Tankers is 3.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Scorpio Tankers is 3.92, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.72.

Price to Book Value per Share Ratio

Scorpio Tankers has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.46% of the float of Scorpio Tankers has been sold short.

Short Interest Ratio / Days to Cover

Scorpio Tankers has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Scorpio Tankers has recently increased by 10.98%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Scorpio Tankers pays a meaningful dividend of 2.87%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Scorpio Tankers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Scorpio Tankers is 11.47%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Scorpio Tankers will have a dividend payout ratio of 17.35% next year. This indicates that Scorpio Tankers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.95

Percentage of Shares Shorted

7.46% of the float of Scorpio Tankers has been sold short.

Short Interest Ratio / Days to Cover

Scorpio Tankers has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Scorpio Tankers has recently increased by 10.98%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.67

News Sentiment

Scorpio Tankers has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Scorpio Tankers this week, compared to 5 articles on an average week.

Search Interest

Only 3 people have searched for STNG on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Scorpio Tankers to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Scorpio Tankers insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.34% of the stock of Scorpio Tankers is held by insiders.

Percentage Held by Institutions

54.64% of the stock of Scorpio Tankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

STNG Stock Analysis - Frequently Asked Questions

How have STNG shares performed this year?

Scorpio Tankers' stock was trading at $60.80 at the start of the year. Since then, STNG stock has decreased by 10.0% and is now trading at $54.69.
View the best growth stocks for 2024 here.

How were Scorpio Tankers' earnings last quarter?

Scorpio Tankers Inc. (NYSE:STNG) released its quarterly earnings results on Tuesday, October, 29th. The shipping company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.14. The firm's revenue for the quarter was down 8.0% compared to the same quarter last year.

When did Scorpio Tankers' stock split?

Scorpio Tankers's stock 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 investors of Scorpio Tankers include Mountaineer Partners Management LLC (16.57%), International Assets Investment Management LLC (3.54%), State Street Corp (1.60%) and Geode Capital Management LLC (1.52%).

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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Invesco QQQ (QQQ), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/15/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/29/2024
• Today: 11/21/2024
• Ex-Dividend for 12/13 Dividend: 11/22/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:STNG
• CUSIP: Y7542C10
• CIK: 1483934
• Web: www.scorpiotankers.com
• Phone: (779) 798-5716
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $76.40
• High Stock Price Target: $86.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: +39.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.95
• Trailing P/E Ratio: 3.92
• Forward P/E Ratio: 4.95
• P/E Growth: N/A
• Net Income: $546.90 million
• Net Margins: 52.40%
• Pretax Margin: 52.40%
• Return on Equity: 22.56%
• Return on Assets: 15.35%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 2.21
• Quick Ratio: 2.18

Sales & Book Value

• Annual Sales: $1.34 billion
• Price / Sales: 2.06
• Cash Flow: $13.81 per share
• Price / Cash Flow: 3.96
• Book Value: $56.21 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 50,530,000
• Free Float: 46,816,000
• Market Cap: $2.76 billion
• Optionable: Optionable
• Beta: 0.18