Scorpio Tankers Inc. (NYSE:STNG) Given Consensus Rating of “Hold” by Brokerages

Scorpio Tankers Inc. (NYSE:STNG) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $90.1429.

Several research analysts have issued reports on the company. Wall Street Zen lowered Scorpio Tankers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 14th. Evercore restated an “outperform” rating and set a $94.00 price objective on shares of Scorpio Tankers in a report on Wednesday, July 22nd. Bank of America lowered Scorpio Tankers from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $100.00 to $78.00 in a research report on Tuesday, June 30th. Morgan Stanley set a $86.00 target price on Scorpio Tankers in a report on Tuesday, August 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $100.00 price target on shares of Scorpio Tankers in a research report on Tuesday, August 4th.

Institutional Investors Weigh In On Scorpio Tankers

Several hedge funds and other institutional investors have recently made changes to their positions in STNG. Kestra Advisory Services LLC raised its holdings in shares of 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 during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Scorpio Tankers by 15.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,418 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 194 shares during the last quarter. Parallel Advisors LLC increased its holdings in Scorpio Tankers by 13.8% during the 1st quarter. Parallel Advisors LLC now owns 2,124 shares of the shipping company’s stock worth $159,000 after purchasing an additional 257 shares in the last quarter. Allworth Financial LP increased its holdings in Scorpio Tankers by 2.4% during the 4th quarter. Allworth Financial LP now owns 11,257 shares of the shipping company’s stock worth $572,000 after purchasing an additional 261 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake 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 worth $39,000 after purchasing an additional 347 shares during the last quarter. 54.64% of the stock is owned by institutional investors.

Scorpio Tankers Trading Down 0.0%

STNG opened at $82.33 on Tuesday. The company has a fifty day moving average price of $77.40 and a two-hundred day moving average price of $76.89. Scorpio Tankers has a 1-year low of $48.93 and a 1-year high of $87.39. The company has a market cap of $4.15 billion, a P/E ratio of 5.14 and a beta of -0.22. The company has a current ratio of 6.93, a quick ratio of 6.89 and a debt-to-equity ratio of 0.14.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.12. The company had revenue of $408.73 million for the quarter, compared to analysts’ expectations of $398.25 million. Scorpio Tankers had a net margin of 67.16% and a return on equity of 16.43%. The business’s revenue was up 77.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Analysts predict that Scorpio Tankers will post 11.06 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. Scorpio Tankers’s dividend payout ratio (DPR) is 11.24%.

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.