Scorpio Tankers Inc. (NYSE:STNG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Scorpio Tankers Inc. (NYSE:STNG) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $80.67.

STNG has been the subject of several research reports. Jefferies Financial Group reissued a “buy” rating and issued a $90.00 price target on shares of Scorpio Tankers in a research report on Thursday, May 9th. Bank of America lifted their price objective on shares of Scorpio Tankers from $82.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, June 18th. Finally, StockNews.com upgraded shares of Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Friday, May 10th.

Scorpio Tankers Trading Up 2.0 %

NYSE STNG opened at $82.10 on Friday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.09 and a beta of 0.20. The business has a 50 day simple moving average of $77.04 and a 200 day simple moving average of $70.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.58. Scorpio Tankers has a one year low of $40.34 and a one year high of $83.33.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Thursday, May 9th. The shipping company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.25. The business had revenue of $389.76 million for the quarter, compared to analyst estimates of $381.46 million. Scorpio Tankers had a net margin of 42.12% and a return on equity of 22.84%. Research analysts expect that Scorpio Tankers will post 12.18 earnings per share for the current year.

Scorpio Tankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. Scorpio Tankers’s payout ratio is presently 14.84%.

Institutional Trading of Scorpio Tankers

Institutional investors and hedge funds have recently bought and sold shares of the company. Moody Aldrich Partners LLC raised its holdings in shares of Scorpio Tankers by 34.6% in the 4th quarter. Moody Aldrich Partners LLC now owns 123,187 shares of the shipping company’s stock valued at $7,490,000 after acquiring an additional 31,649 shares in the last quarter. Bluefin Capital Management LLC bought a new stake in Scorpio Tankers during the fourth quarter valued at approximately $1,003,000. International Assets Investment Management LLC grew its stake in Scorpio Tankers by 4,706.2% in the 4th quarter. International Assets Investment Management LLC now owns 970,799 shares of the shipping company’s stock worth $59,025,000 after buying an additional 950,600 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Scorpio Tankers by 167.0% in the 4th quarter. DNB Asset Management AS now owns 254,839 shares of the shipping company’s stock worth $15,494,000 after buying an additional 159,393 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Scorpio Tankers during the 4th quarter valued at $3,772,000. 54.64% of the stock is currently owned by hedge funds and other institutional investors.

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.