Scorpio Tankers Inc. (STNG)
| Market Cap | 4.40B |
| Revenue (ttm) | 1.35B |
| Net Income (ttm) | 567.85M |
| Shares Out | 54.58M |
| EPS (ttm) | 10.81 |
| PE Ratio | 7.30 |
| Forward PE | 5.69 |
| Dividend | $1.60 (1.98%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 436,747 |
| Open | 79.81 |
| Previous Close | 79.37 |
| Day's Range | 79.59 - 81.39 |
| 52-Week Range | 40.34 - 84.67 |
| Beta | 0.19 |
| Analysts | Strong Buy |
| Price Target | 84.60 (+4.85%) |
| Earnings Date | Jul 31, 2024 |
About STNG
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. Scorpio Tankers Inc. was incorporated in 2009 and is headquartered in Monaco. [Read more]
Financial Performance
In 2023, STNG'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 6 analysts, the average rating for STNG stock is "Strong Buy." The 12-month stock price forecast is $84.6, which is an increase of 4.85% from the latest price.
News
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...
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. 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 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 Inc. Announces Availability of 2023 Annual Report on Form 20-F
MONACO, March 22, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 20...
Scorpio Tankers Inc. Announces Agreements to Sell Two MR Product Tankers
MONACO, March 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two 2013 built MR product ...
Scorpio Tankers Inc. Announces MOU Licensing FOWE Fuel-Saving Devices for Entire Fleet
MONACO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the Company has signed a non-binding Memorandum of Understanding to inst...
Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company
MONACO, Feb. 15, 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 Financial Results for the Fourth Quarter of 2023 and an Increase to its Quarterly Dividend
MONACO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2023. The C...
Scorpio Tankers Inc. Announces that on February 14, 2024 the Company will Issue Fourth Quarter 2023 Results and have a Conference Call
MONACO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Wednesday February 14, 2024, the Company will issue its fourth ...
The Red Sea Shipping Crisis Is Starting to Have Bigger Impacts. These Stocks Stand to Benefit.
A violent blockade of the Red Sea is starting to have wider economic implications that could show up in inflation and other economic data.
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
Scorpio Tankers Inc. Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships
MONACO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has entered into an agreement to sell an MR product tanker, and ...
Scorpio Tankers Inc. Announces Updates on Fourth Quarter 2023 Daily TCE Revenues and Debt and Lease Activity
MONACO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces updates on fourth quarter of 2023 Daily TCE Revenues and recent debt and leas...
Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2023, an Increase to its Quarterly Dividend, and Replenishment of its 2023 Securities Repurchase Program
MONACO, Nov. 09, 2023 (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, 2023. The ...
Scorpio Tankers Inc. Announces that on November 9, 2023 the Company will Issue Third Quarter 2023 Results and have a Conference Call
MONACO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Thursday November 9, 2023, the Company will issue its third qua...
Scorpio Tankers Inc. Announces Repurchases of its Common Shares
MONACO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today repurchases of its common shares.
Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2023
MONACO, Aug. 02, 2023 (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, 2023. The Compan...
Scorpio Tankers Inc. Announces Repurchases of its Common Shares, and on August 2, 2023 the Company will Issue Second Quarter 2023 Results and have a Conference Call
MONACO, July 17, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today repurchases of its common shares, and on August 2, 2023 the Company wil...
Scorpio Tankers Inc. Announces Sale of an MR Product Tanker
MONACO, July 12, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced the sale of the 2013 built MR product tanker, STI Ville, for $32.5 million in...
Scorpio Tankers Inc. Announces Commitments for new $1 Billion Term Loan and Revolving Credit Facility
MONACO, June 27, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received commitments from a group of financial institutions ...
Scorpio Tankers Inc. Announces a New Credit Facility
MONACO, June 22, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received a commitment from DekaBank Deutsche Girozentrale fo...
Scorpio Tankers Inc. Announces Repurchases of Its Common Shares and Replenishes Its 2023 Securities Repurchase Program
MONACO, June 01, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (the “Company”) announced today that it has recently purchased 851,978 of its common shares in the open market at an average ...
Scorpio Tankers Announces Repurchases of Its Common Shares
MONACO, May 17, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (the “Company”) announced today that it has recently purchased 1,262,959 of its common shares in the open market at an average...