Scorpio Tankers Inc. (NYSE:STNG) Receives $68.75 Average PT from Analysts

Scorpio Tankers Inc. (NYSE:STNG) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $68.75.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price 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. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price target on shares of Scorpio Tankers in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC lifted its position in Scorpio Tankers by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 12,103 shares of the shipping company’s stock valued at $863,000 after purchasing an additional 252 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Scorpio Tankers by 212.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,023 shares of the shipping company’s stock valued at $144,000 after buying an additional 1,375 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Scorpio Tankers during the 3rd quarter valued at approximately $1,339,000. Massachusetts Financial Services Co. MA increased its holdings in Scorpio Tankers by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 35,936 shares of the shipping company’s stock worth $2,562,000 after acquiring an additional 2,467 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Scorpio Tankers by 120.1% during the 3rd quarter. Citigroup Inc. now owns 58,576 shares of the shipping company’s stock worth $4,176,000 after acquiring an additional 31,960 shares during the period. Hedge funds and other institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Stock Up 0.5 %

STNG stock opened at $38.24 on Tuesday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 2.93 and a beta of 0.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.43 and a quick ratio of 2.39. Scorpio Tankers has a 1-year low of $37.14 and a 1-year high of $84.67. The business has a fifty day moving average price of $43.26 and a 200-day moving average price of $52.97.

Scorpio Tankers (NYSE:STNG) last issued its earnings results 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%. Equities analysts forecast that Scorpio Tankers will post 5.29 earnings per share for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.18%. Scorpio Tankers’s payout ratio is presently 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.