Scorpio Tankers Inc. (NYSE:STNG) Given Average Recommendation of "Hold" by Brokerages

Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $63.75.

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $75.00 target price on shares of Scorpio Tankers in a research report on Thursday, February 13th. Evercore ISI reduced their target price on shares of Scorpio Tankers from $64.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus cut their price objective on shares of Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating on the stock in a report on Friday, February 14th.

Institutional Investors Weigh In On Scorpio Tankers

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 402 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Scorpio Tankers by 75.8% in 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 in the last quarter. Covestor Ltd boosted its stake in Scorpio Tankers by 1,375.0% in the fourth quarter. Covestor Ltd now owns 826 shares of the shipping company's stock valued at $41,000 after acquiring an additional 770 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Scorpio Tankers by 40.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company's stock valued at $46,000 after acquiring an additional 266 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Scorpio Tankers in the third quarter valued at approximately $68,000. 54.64% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Trading Up 0.5 %

Scorpio Tankers stock traded up $0.17 during midday trading on Friday, reaching $34.62. The stock had a trading volume of 49,724 shares, compared to its average volume of 880,633. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. Scorpio Tankers has a 52-week low of $30.63 and a 52-week high of $84.67. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 2.65 and a beta of -0.01. The company has a fifty day moving average of $38.25 and a 200 day moving average of $48.40.

Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts anticipate that Scorpio Tankers will post 5.29 earnings per share for the current fiscal year.

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.62%. The ex-dividend date was Friday, March 7th. Scorpio Tankers's payout ratio is 12.27%.

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.