Scorpio Tankers (STNG) Projected to Post Quarterly Earnings on Thursday

Scorpio Tankers (NYSE:STNG) will likely be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $215.71 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Scorpio Tankers Price Performance

STNG stock opened at $49.60 on Thursday. The firm has a 50 day moving average of $49.79 and a 200-day moving average of $60.97. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 3.56 and a beta of 0.08. The company has a current ratio of 2.21, a quick ratio of 2.18 and a debt-to-equity ratio of 0.27. Scorpio Tankers has a 12-month low of $45.43 and a 12-month high of $84.67.

Analyst Ratings Changes

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

About Scorpio Tankers

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.