Scorpio Tankers Inc. (STNG)
| Market Cap | 2.25B |
| Revenue (ttm) | 1.38B |
| Net Income (ttm) | 721.11M |
| Shares Out | 47.29M |
| EPS (ttm) | 13.96 |
| PE Ratio | 3.40 |
| Forward PE | 6.36 |
| Dividend | $1.60 (3.37%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 596,597 |
| Open | 46.72 |
| Previous Close | 47.24 |
| Day's Range | 46.64 - 48.16 |
| 52-Week Range | 45.94 - 84.67 |
| Beta | 0.10 |
| Analysts | Buy |
| Price Target | 75.40 (+58.77%) |
| Earnings Date | Feb 12, 2025 |
About STNG
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oil 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. Scorpio Tankers Inc. was incorporated in 2009 and is headquartered in Monaco. [Read more]
Financial Performance
In 2023, Scorpio Tankers's revenue was $1.34 billion, a decrease of -14.18% compared to the previous year's $1.56 billion. Earnings were $546.90 million, a decrease of -14.18%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for STNG stock is "Buy." The 12-month stock price forecast is $75.4, which is an increase of 58.77% from the latest price.
News
Scorpio Tankers: One Of The Largest And Youngest Fleets In The Refined Product Market
With a capital structure composed of 80% equity and one of the youngest fleets in the refined product market, Scorpio Tankers is well-positioned to navigate the current market weakness. Using the aver...
Scorpio Tankers Inc. Announces Commitments for New $500.0 Million Revolving Credit Facility
MONACO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that it has received commitments from a group of financial institutio...
Scorpio Tankers Inc. (STNG) Q3 2024 Earnings Call Transcript
Scorpio Tankers Inc. (NYSE:STNG) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Corporate Participants James Doyle - Head of Corporate Development and IR Emanuele Lauro - Chief Executiv...
Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a Dividend
MONACO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months ended September 30, 2024. The ...
Scorpio Tankers: Top-Notch Fleet And Low LTV At A Steep Discount, Still A Strong Buy
Scorpio Tankers reported a strong 2Q24 with an 81.5% YoY EPS increase and significant debt reduction. Despite short-term headwinds in the CPP market, long-term fundamentals and macro tailwinds support...
Scorpio Tankers Inc. Announces That on October 29, 2024, the Company Plans to Issue Its Third Quarter 2024 Results and Have a Conference Call
MONACO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that on Tuesday, October 29, 2024, the Company plans to issue its thi...
Scorpio Tankers: Great Returns Should Stay This And Next Year
Scorpio Tankers is undervalued despite a 43% growth, with strong financials, low debt, and favorable market conditions, making it a "Buy". High TCE rates and operational efficiencies led to significan...
Scorpio Tankers Announces Vessel Sale Agreement
MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into an agreement to sell its 2019 built LR2 produc...
Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company
MONACO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options...
Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program
MONACO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that since July 30, 2024, the Company has repurchased 2,415,321 of its commo...
Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement
MONACO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two vessels and a new time...
Scorpio Tankers Q2 2024 Earnings: Supportive Market Fundamentals And A Stronger Balance Sheet
Scorpio Tankers' thesis remains at play, with elevated product rates due to increased ton-mile demand from various global events. TCE revenue declined sequentially, but was up 14% (Y/Y). STNG has been...
Scorpio Tankers: H1 2024 Earnings Show That The Company Can Grow More And More
Q2-2024 results: Revenues up 16% year-on-year, net income up 48% year-on-year. Demand for oil tankers is currently higher than supply, leading to pressure on vessel day rates. Vessel day rates remain ...
Scorpio Tankers Inc. (STNG) Q2 2024 Earnings Call Transcript
Start Time: 09:00 January 1, 0000 9:47 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q2 2024 Earnings Conference Call July 30, 2024, 09:00 PM ET Company Participants Emanuele Lauro - CEO Robert Bugbee - Pre...
Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2024, the Declaration of a Dividend and an Increase to its Securities Repurchase Program
MONACO, July 30, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and six months ended June 30, 2024. The Compan...
Scorpio Tankers Inc. Announces That on July 30, 2024, the Company Plans to Issue Its Second Quarter 2024 Results and Have a Conference Call
MONACO, July 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Tuesday, July 30, 2024, the Company plans to issue its second...
Scorpio Tankers Inc. Announces Updates on its Securities Repurchase Program and Second Quarter 2024 Daily TCE Revenues
MONACO, June 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced updates on its securities repurchase program and second quarter of 2024 daily...
Scorpio Tankers Inc. Announces Agreements to Sell Five MR Product Tankers
MONACO, June 11, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell five MR product tankers (fo...
J Mintzmyer's Note Of Caution On Shipping
Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.
Scorpio Tankers Inc. Announces Agreement for a $223.6 Million Prepayment under its 2023 $1.0 Billion Credit Facility
MONACO, May 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that it has received approval from majority lenders under its 2023 $1....
Scorpio Tankers Inc. (STNG) Q1 2024 Earnings Call Transcript
Scorpio Tankers Inc. (NYSE:STNG) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief E...
Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2024 and Declaration of a Dividend
MONACO, May 09, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 2024. The Company also a...
Scorpio Tankers: Skyrocketing Rates, Lower Cash Breakeven, Shares Trading Below NAV
Skyrocketing rates due to ongoing geopolitical conflicts should propel STNG to beat consensus estimates. At current rates, STNG should generate significant cash flow for deleveraging, dividends, and s...
Scorpio Tankers Inc. Announces That on May 9, 2024, the Company Plans to Issue Its First Quarter 2024 Results and Have a Conference Call
MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first ...
Scorpio Tankers: 2024 Is On Pace To Be Another Transformational Year
Scorpio Tankers is highly profitable due to strong vessel day rates. The refined product shipping industry will remain supply constrained for the next three to four years. Scorpio Tankers will achieve...