Scorpio Tankers Inc. (NYSE:STNG) Receives $89.57 Average PT from Analysts

Scorpio Tankers Inc. (NYSE:STNG) has been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $89.5714.

Several research firms have weighed in on STNG. Jefferies Financial Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of Scorpio Tankers in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Scorpio Tankers in a research report on Thursday, June 18th. Zacks Research downgraded Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Bank of America lowered Scorpio Tankers from a “buy” rating to an “underperform” rating and decreased their target price for the company from $100.00 to $78.00 in a research report on Tuesday, June 30th. Finally, BTIG Research upped their price target on Scorpio Tankers from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th.

Scorpio Tankers Price Performance

Shares of STNG opened at $78.72 on Friday. The firm has a market cap of $3.97 billion, a PE ratio of 4.92 and a beta of -0.22. Scorpio Tankers has a 52-week low of $44.38 and a 52-week high of $87.39. The business’s 50 day moving average price is $76.82 and its two-hundred day moving average price is $75.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.89 and a current ratio of 6.93.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.56 by $0.12. Scorpio Tankers had a net margin of 67.16% and a return on equity of 16.43%. The company had revenue of $408.73 million during the quarter, compared to the consensus estimate of $398.25 million. During the same quarter last year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 77.5% on a year-over-year basis. On average, equities analysts anticipate that Scorpio Tankers will post 11.1 EPS for the current year.

Scorpio Tankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, August 17th. Scorpio Tankers’s dividend payout ratio is presently 11.24%.

Institutional Trading of Scorpio Tankers

Several hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC increased its stake in Scorpio Tankers by 1,645.2% during the 4th quarter. Global Retirement Partners LLC now owns 541 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 510 shares in the last quarter. Assetmark Inc. bought a new position in shares of Scorpio Tankers in the first quarter valued at $28,000. Zions Bancorporation National Association UT bought a new position in shares of Scorpio Tankers in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Scorpio Tankers by 154.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 646 shares of the shipping company’s stock valued at $33,000 after buying an additional 392 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Scorpio Tankers during the third quarter valued at about $36,000. Institutional investors and hedge funds own 54.64% of the company’s stock.

Scorpio Tankers Company Profile

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.