Scorpio Tankers (NYSE:STNG) Given New $90.00 Price Target at B. Riley Securities

Scorpio Tankers (NYSE:STNG) had its target price boosted by stock analysts at B. Riley Securities from $80.00 to $90.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the shipping company’s stock. B. Riley Securities’ target price would suggest a potential upside of 32.63% from the company’s previous close.

STNG has been the topic of a number of other reports. BTIG Research increased their price target on Scorpio Tankers from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut shares of Scorpio Tankers from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and set a $70.00 price objective on shares of Scorpio Tankers in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Scorpio Tankers in a research report on Friday. Finally, Moffett Nathanson raised Scorpio Tankers to a “neutral” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Scorpio Tankers presently has an average rating of “Moderate Buy” and a consensus target price of $74.43.

Scorpio Tankers Trading Down 2.9%

NYSE:STNG opened at $67.86 on Friday. Scorpio Tankers has a 52 week low of $30.63 and a 52 week high of $71.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.75 and a current ratio of 4.81. The firm’s fifty day moving average is $57.02 and its 200-day moving average is $55.85. The firm has a market cap of $3.46 billion, a P/E ratio of 11.48 and a beta of -0.25.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Thursday, February 12th. The shipping company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.25. Scorpio Tankers had a net margin of 32.01% and a return on equity of 7.42%. The business had revenue of $241.42 million for the quarter, compared to analyst estimates of $238.93 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Scorpio Tankers’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities analysts expect that Scorpio Tankers will post 5.29 earnings per share for the current year.

Hedge Funds Weigh In On Scorpio Tankers

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Scorpio Tankers by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,500 shares of the shipping company’s stock worth $996,000 after acquiring an additional 1,144 shares in the last quarter. Intech Investment Management LLC grew its position in Scorpio Tankers by 9.4% in the 1st quarter. Intech Investment Management LLC now owns 32,478 shares of the shipping company’s stock worth $1,221,000 after purchasing an additional 2,802 shares in the last quarter. Callan Family Office LLC purchased a new stake in Scorpio Tankers in the 2nd quarter valued at about $259,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Scorpio Tankers by 105.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,908 shares of the shipping company’s stock worth $466,000 after buying an additional 6,116 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Scorpio Tankers by 478.0% in the 2nd quarter. CWM LLC now owns 28,661 shares of the shipping company’s stock worth $1,122,000 after buying an additional 23,702 shares during the last quarter. 54.64% of the stock is currently owned by institutional investors.

Trending Headlines about Scorpio Tankers

Here are the key news stories impacting Scorpio Tankers this week:

• Positive Sentiment: Q4 beat — Scorpio reported $1.62 EPS vs. $1.37 consensus and revenue of $241.4M (up 23.8% YoY); margins remain healthy. Press Release — Q4 Results
• Positive Sentiment: Dividend increase — Board raised the quarterly cash dividend to $0.45 (7.1% bump), ex-dividend date Mar 6; signals confidence and returns cash to shareholders. Press Release — Dividend
• Positive Sentiment: Analyst lift — BTIG raised its price target from $80 to $85 and maintains a “buy” rating, implying material upside from the current trading level. BTIG price-target raise
• Neutral Sentiment: Management commentary and investor materials available — Transcript, slide deck and call recordings provide detail on rates, fleet utilization and guidance for investors doing deeper diligence. Earnings Transcript
• Neutral Sentiment: Fleet strategy: CEO says the company is not ordering more VLCCs — signals restraint on very large crude carrier expansion; investors should monitor fleet mix commentary for long-term earnings impact. TradeWinds — VLCC comments
• Negative Sentiment: Newbuilding options — Scorpio declared options for two more newbuildings in China (lifting the Dalian order to four ships). While supporting growth, these options represent future capital commitments and potential fleet supply increases that could pressure rates if demand softens. TradeWinds — Newbuild options

About Scorpio Tankers

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.