Scorpio Tankers (NYSE:STNG - Get Free Report) announced its quarterly earnings data on Wednesday. The shipping company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.08), Zacks reports. Scorpio Tankers had a net margin of 52.40% and a return on equity of 22.56%.
Scorpio Tankers Stock Performance
Scorpio Tankers stock traded down $0.53 during mid-day trading on Friday, reaching $44.13. 1,147,005 shares of the stock traded hands, compared to its average volume of 1,023,026. The stock has a market capitalization of $2.23 billion, a PE ratio of 3.16 and a beta of 0.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.21 and a quick ratio of 2.18. Scorpio Tankers has a 12-month low of $43.32 and a 12-month high of $84.67. The business's 50-day moving average is $49.33 and its 200-day moving average is $59.47.
Scorpio Tankers Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. Scorpio Tankers's dividend payout ratio is currently 11.47%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Jefferies Financial Group reiterated a "buy" rating and set a $75.00 price objective on shares of Scorpio Tankers in a research note on Thursday. Stifel Nicolaus lowered their price objective on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Friday. Evercore ISI decreased their price target on Scorpio Tankers from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America decreased their price target on Scorpio Tankers from $73.00 to $71.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $68.75.
Get Our Latest Stock Analysis on STNG
About Scorpio Tankers
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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.
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