Scorpio Tankers Inc. (STNG)

NYSE: STNG · IEX Real-Time Price · USD
77.24
+0.31 (0.40%)
Jul 16, 2024, 11:01 AM EDT - Market open
0.40%
Market Cap 4.20B
Revenue (ttm) 1.35B
Net Income (ttm) 567.85M
Shares Out 54.58M
EPS (ttm) 10.81
PE Ratio 7.03
Forward PE 5.69
Dividend $1.60 (2.07%)
Ex-Dividend Date Jun 14, 2024
Volume 100,849
Open 77.42
Previous Close 76.93
Day's Range 76.86 - 77.74
52-Week Range 40.34 - 84.67
Beta 0.16
Analysts Strong Buy
Price Target 84.60 (+9.53%)
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]

Sector Energy
IPO Date Mar 31, 2010
Employees 24
Stock Exchange NYSE
Ticker Symbol STNG
Full Company Profile

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 Statements

Analyst 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 9.53% from the latest price.

Price Target
$84.6
(9.53% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that it recently repurchased 756,312 of its common shares in the open market ...

1 day ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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....

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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 ...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 ...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 ...

6 months ago - GlobeNewsWire

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.

6 months ago - Barrons

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.

Other symbols: ASCDHTFRONATTNKTRMD
6 months ago - Market Watch

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 ...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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.

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire