Scorpio Tankers (STNG) to Release Earnings on Thursday

Scorpio Tankers (NYSE:STNG - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Scorpio Tankers to post earnings of $0.71 per share and revenue of $207.01 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Scorpio Tankers Trading Down 3.3 %

Scorpio Tankers stock traded down $1.60 during mid-day trading on Friday, hitting $47.04. The company's stock had a trading volume of 840,937 shares, compared to its average volume of 1,023,026. The business has a 50 day moving average price of $49.68 and a 200-day moving average price of $60.46. 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 $45.43 and a 12 month high of $84.67. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 3.37 and a beta of 0.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Scorpio Tankers from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Stifel Nicolaus lowered Scorpio Tankers from a "buy" rating to a "hold" rating and dropped their price objective for the company from $90.00 to $65.00 in a research note on Wednesday, October 23rd. Evercore ISI decreased their target price on shares of Scorpio Tankers from $84.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Finally, Bank of America dropped their price target on shares of Scorpio Tankers from $73.00 to $71.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Scorpio Tankers currently has a consensus rating of "Hold" and a consensus target price of $72.75.

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.