Scorpio Tankers Inc. (NYSE:STNG) Given Consensus Rating of “Moderate Buy” by Analysts

Scorpio Tankers Inc. (NYSE:STNG) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $93.1667.

STNG has been the subject of several recent analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Scorpio Tankers in a report on Friday, February 13th. Wall Street Zen raised shares of Scorpio Tankers from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Dnb Carnegie cut shares of Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Zacks Research raised shares of Scorpio Tankers from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group initiated coverage on shares of Scorpio Tankers in a report on Friday, April 24th. They set a “buy” rating and a $90.00 price objective for the company.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC raised its holdings in shares of Scorpio Tankers by 3.1% during the fourth quarter. Kestra Advisory Services LLC now owns 5,286 shares of the shipping company’s stock valued at $269,000 after purchasing an additional 158 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Scorpio Tankers by 15.8% during the third 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. Clearstead Advisors LLC raised its holdings in shares of Scorpio Tankers by 67.9% during the third quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 205 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Scorpio Tankers by 1.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,131 shares of the shipping company’s stock valued at $680,000 after purchasing an additional 223 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Scorpio Tankers by 110.3% during the third quarter. SBI Securities Co. Ltd. now owns 469 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 246 shares during the last quarter. 54.64% of the stock is owned by hedge funds and other institutional investors.

Scorpio Tankers Stock Down 0.5%

Shares of Scorpio Tankers stock opened at $80.24 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 13.87 and a current ratio of 13.98. The stock has a market capitalization of $4.05 billion, a PE ratio of 7.89 and a beta of -0.24. Scorpio Tankers has a 52-week low of $37.96 and a 52-week high of $87.39. The company has a 50-day simple moving average of $76.68 and a two-hundred day simple moving average of $66.79.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Wednesday, May 6th. The shipping company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.23. The business had revenue of $312.86 million during the quarter, compared to analysts’ expectations of $286.81 million. Scorpio Tankers had a net margin of 48.44% and a return on equity of 11.72%. The business’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, analysts anticipate that Scorpio Tankers will post 11.44 EPS for the current fiscal year.

Scorpio Tankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. Scorpio Tankers’s payout ratio is presently 17.70%.

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.