Shares of Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) have been given an average recommendation of "Hold" by the five analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.75.
A number of research analysts recently issued reports on STNG shares. Stifel Nicolaus decreased their target price on shares of Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Jefferies Financial Group reissued a "buy" rating and issued a $75.00 price objective on shares of Scorpio Tankers in a report on Thursday, February 13th.
Check Out Our Latest Report on STNG
Scorpio Tankers Stock Performance
Shares of STNG stock traded down $0.61 during mid-day trading on Friday, reaching $39.24. The stock had a trading volume of 1,065,192 shares, compared to its average volume of 1,047,783. Scorpio Tankers has a 1-year low of $38.55 and a 1-year high of $84.67. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 3.01 and a beta of 0.08. The company has a current ratio of 2.43, a quick ratio of 2.39 and a debt-to-equity ratio of 0.25. The business's fifty day moving average is $48.11 and its 200-day moving average is $57.20.
Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share 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%. On average, research analysts forecast that Scorpio Tankers will post 5.29 earnings per share for the current year.
Scorpio Tankers Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.08%. Scorpio Tankers's dividend payout ratio is currently 12.27%.
Institutional Trading of Scorpio Tankers
Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in Scorpio Tankers in the 3rd quarter valued at $28,000. GAMMA Investing LLC grew its position in shares of Scorpio Tankers by 204.1% in 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 during the period. Lindbrook Capital LLC increased 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 worth $30,000 after purchasing an additional 263 shares in the last quarter. Covestor Ltd raised its position in shares of Scorpio Tankers by 1,375.0% during the 4th quarter. Covestor Ltd now owns 826 shares of the shipping company's stock worth $41,000 after purchasing an additional 770 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised 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 purchasing an additional 266 shares during the last quarter. 54.64% of the stock is currently owned by hedge funds and other institutional investors.
About Scorpio Tankers
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Get Free ReportScorpio 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.
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