Analysts Set Scorpio Tankers Inc. (NYSE:STNG) Price Target at $68.75

Shares of Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $68.75.

STNG has been the topic of a number of research reports. Jefferies Financial Group restated a "buy" rating and set a $75.00 target price on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating on the stock in a research note on Friday, February 14th.

Scorpio Tankers Trading Up 0.5 %

Shares of NYSE STNG traded up $0.19 during midday trading on Tuesday, hitting $38.24. 1,265,900 shares of the company traded hands, compared to its average volume of 860,899. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.39 and a current ratio of 2.43. Scorpio Tankers has a 12-month low of $37.14 and a 12-month high of $84.67. The stock has a 50-day moving average price of $43.55 and a 200 day moving average price of $53.27. The firm has a market cap of $1.93 billion, a P/E ratio of 2.93 and a beta of 0.01.

Scorpio Tankers (NYSE:STNG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. As a group, analysts expect that Scorpio Tankers will post 5.29 earnings per share for the current year.

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Scorpio Tankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is 12.27%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. U S Global Investors Inc. increased its position in shares of Scorpio Tankers by 4.4% during the fourth quarter. U S Global Investors Inc. now owns 5,092 shares of the shipping company's stock valued at $253,000 after acquiring an additional 215 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Scorpio Tankers by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 12,103 shares of the shipping company's stock valued at $863,000 after purchasing an additional 252 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Scorpio Tankers by 75.8% in the 4th quarter. Lindbrook Capital LLC now owns 610 shares of the shipping company's stock worth $30,000 after purchasing an additional 263 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Scorpio Tankers by 40.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock worth $46,000 after purchasing an additional 266 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Scorpio Tankers by 204.1% during the fourth quarter. GAMMA Investing LLC now owns 599 shares of the shipping company's stock valued at $30,000 after purchasing an additional 402 shares in the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

Scorpio Tankers Company Profile

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.