Scorpio Tankers Inc. (NYSE:STNG) Receives Consensus Rating of “Hold” from Brokerages

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

A number of research firms have weighed in on STNG. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price target on shares of Scorpio Tankers in a report on Thursday, February 13th. Stifel Nicolaus dropped their price target on shares of Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, February 14th.

Scorpio Tankers Price Performance

Scorpio Tankers stock opened at $39.90 on Friday. The company has a quick ratio of 2.39, a current ratio of 2.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $2.02 billion, a P/E ratio of 3.06 and a beta of 0.01. The firm has a fifty day moving average of $47.49 and a 200-day moving average of $56.59. Scorpio Tankers has a 52-week low of $38.03 and a 52-week high of $84.67.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. As a group, analysts predict that Scorpio Tankers will post 5.29 EPS for the current year.

Scorpio Tankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.01%. Scorpio Tankers’s dividend payout ratio is presently 12.27%.

Institutional Investors Weigh In On Scorpio Tankers

A number of institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new stake in Scorpio Tankers in the third quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in shares of Scorpio Tankers by 204.1% in the 4th quarter. GAMMA Investing LLC now owns 599 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 402 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Scorpio Tankers by 75.8% during the 4th quarter. Lindbrook Capital LLC now owns 610 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 263 shares in the last quarter. Covestor Ltd lifted its stake in Scorpio Tankers by 1,375.0% during the fourth quarter. Covestor Ltd now owns 826 shares of the shipping company’s stock worth $41,000 after purchasing an additional 770 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Scorpio Tankers by 40.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 929 shares of the shipping company’s stock worth $46,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

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.