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

Shares of Scorpio Tankers Inc. (NYSE:STNG) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $90.1429.

STNG has been the subject of a number of research analyst reports. Morgan Stanley set a $86.00 price target on Scorpio Tankers in a research note on Tuesday, August 18th. Evercore reaffirmed an “outperform” rating and issued a $94.00 price objective on shares of Scorpio Tankers in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Scorpio Tankers in a research note on Thursday, June 18th. Jefferies Financial Group reiterated a “buy” rating and set a $100.00 target price on shares of Scorpio Tankers in a research report on Tuesday, August 4th. Finally, BTIG Research boosted their target price on shares of Scorpio Tankers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th.

Institutional Investors Weigh In On Scorpio Tankers

Several large investors have recently added to or reduced their stakes in STNG. Kestra Advisory Services LLC grew its stake in Scorpio Tankers by 3.1% in the 4th quarter. Kestra Advisory Services LLC now owns 5,286 shares of the shipping company’s stock worth $269,000 after acquiring an additional 158 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Scorpio Tankers by 15.8% during the third quarter. Public Employees Retirement System of Ohio now owns 1,418 shares of the shipping company’s stock valued at $79,000 after acquiring an additional 194 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Scorpio Tankers by 13.8% during the first quarter. Parallel Advisors LLC now owns 2,124 shares of the shipping company’s stock valued at $159,000 after acquiring an additional 257 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Scorpio Tankers by 2.4% in the fourth quarter. Allworth Financial LP now owns 11,257 shares of the shipping company’s stock valued at $572,000 after purchasing an additional 261 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Scorpio Tankers by 193.9% in the first quarter. Root Financial Partners LLC now owns 526 shares of the shipping company’s stock valued at $39,000 after purchasing an additional 347 shares during the period. 54.64% of the stock is owned by hedge funds and other institutional investors.

Scorpio Tankers Stock Performance

Scorpio Tankers stock opened at $78.83 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.93 and a quick ratio of 6.89. The firm has a market capitalization of $3.97 billion, a P/E ratio of 4.92 and a beta of -0.22. Scorpio Tankers has a 1-year low of $48.93 and a 1-year high of $87.39. The company’s 50-day moving average is $76.85 and its 200 day moving average is $76.48.

Scorpio Tankers (NYSE:STNG) last announced its earnings results on Thursday, July 30th. The shipping company reported $4.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.12. The business had revenue of $408.73 million during the quarter, compared to analyst estimates of $398.25 million. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%.The company’s revenue for the quarter was up 77.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. Research analysts forecast that Scorpio Tankers will post 11.06 EPS for the current year.

Scorpio Tankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. Scorpio Tankers’s dividend payout ratio (DPR) is currently 11.24%.

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.