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STNG

Scorpio Tankers Inc.

https://www.scorpiotankers.com

Industry

Oil & Gas Midstream

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. Scorpio Tankers Inc. was incorporated in 2009 and is based in Monaco.

Open

57.17

Mkt cap

2.9B

Volume

1.1M

High

57.88

P/E Ratio

3.97

52-wk high

84.67

Low

55.30

Div yield

0.03

52-wk low

52.68

Scorpio Tankers Inc. (NYSE:STNG) announced the sale of two vessels for $85 million and a new three-year charter deal for another vessel. The sales are expected to close in Q4 2024, and the charter deal will start in Q3 or Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:52 am

Jefferies analyst Omar Nokta maintains a Buy rating on Scorpio Tankers (NYSE:STNG) and keeps the price target at $90.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:10 pm

Scorpio Tankers (NYSE:STNG) reported Q2 2024 adjusted EPS of $3.60, beating the estimate of $3.48. Sales were $380.660M, surpassing the $367.471M estimate and marking a 15.60% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:49 am

Stifel analyst Benjamin Nolan maintains a Buy rating on Scorpio Tankers (NYSE:STNG) and raises the price target from $84 to $86.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:24 pm

Analysts have mixed evaluations of Scorpio Tankers (NYSE:STNG) over the past three months, with a range of ratings from bullish to indifferent. The average 12-month price target has increased slightly to $87.8. Key analysts have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 5:02 pm

Evercore ISI Group maintains an Outperform rating on Scorpio Tankers (NYSE:STNG) and raises the price target from $99 to $100.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:35 pm

B of A Securities analyst Ken Hoexter maintains a Neutral rating on Scorpio Tankers (NYSE:STNG) and lowers the price target from $85 to $82.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:08 pm

B of A Securities has maintained a Neutral rating on Scorpio Tankers (NYSE:STNG) while raising the price target from $82 to $85.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:41 pm

Scorpio Tankers (STNG) has repurchased 641,654 of its common shares at an average price of $78.26 per share under its 2023 Securities Repurchase Program, with $199.8 million remaining for future repurchases. The company also provided an update on its Q2 2024 daily Time Charter Equivalent (TCE) revenues, detailing average daily TCE revenues and the duration of contracted voyages for its LR2, MR, and Handymax vessels.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:49 am

Shares of shipping and tanker stocks are trading lower amid reported hopes of an Israel-Hamas ceasefire, which could ease Red Sea uncertainty and pressure freight rates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:06 pm

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