Scorpio Tankers Inc. (NYSE:STNG) Receives Average Rating of “Moderate Buy” from Analysts

Scorpio Tankers Inc. (NYSE:STNG) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $93.50.

Several research analysts have recently commented on the company. Wall Street Zen lowered Scorpio Tankers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research cut Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday. Dnb Carnegie cut Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Jefferies Financial Group assumed coverage on Scorpio Tankers in a research note on Friday, April 24th. They issued a “buy” rating and a $90.00 price target for the company. Finally, BTIG Research increased their price target on Scorpio Tankers from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th.

Scorpio Tankers Trading Down 0.5%

STNG opened at $78.14 on Thursday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 7.68 and a beta of -0.26. The company has a current ratio of 13.98, a quick ratio of 13.87 and a debt-to-equity ratio of 0.16. Scorpio Tankers has a 12 month low of $38.83 and a 12 month high of $87.39. The stock has a fifty day moving average price of $78.51 and a 200-day moving average price of $68.80.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings results on Wednesday, May 6th. The shipping company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.79 by $0.23. The firm had revenue of $312.86 million during the quarter, compared to analyst estimates of $286.81 million. Scorpio Tankers had a return on equity of 11.72% and a net margin of 48.44%.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 posted $1.03 EPS. As a group, equities research analysts anticipate that Scorpio Tankers will post 11.44 earnings per share for the current fiscal year.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.45 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. Scorpio Tankers’s dividend payout ratio (DPR) is 17.70%.

Institutional Investors Weigh In On Scorpio Tankers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its holdings in shares of Scorpio Tankers by 1,645.2% in the fourth quarter. Global Retirement Partners LLC now owns 541 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 510 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Scorpio Tankers by 67.9% in 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 period. Assetmark Inc. acquired a new position in shares of Scorpio Tankers in the first quarter valued at about $28,000. Zions Bancorporation National Association UT acquired a new position in shares of Scorpio Tankers in the fourth quarter valued at about $29,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Scorpio Tankers by 154.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 646 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 392 shares during the period. 54.64% of the stock is currently owned by hedge funds and other institutional investors.

Scorpio Tankers Company Profile

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.