Scorpio Tankers (STNG) Projected to Post Earnings on Thursday

Scorpio Tankers (NYSE:STNG) will likely be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Scorpio Tankers to post earnings of $0.71 per share and revenue of $215.71 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Scorpio Tankers Stock Performance

Shares of STNG stock opened at $49.60 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.18 and a current ratio of 2.21. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 3.56 and a beta of 0.08. Scorpio Tankers has a one year low of $45.43 and a one year high of $84.67. The company has a 50 day moving average price of $49.79 and a 200 day moving average price of $60.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STNG shares. Stifel Nicolaus downgraded Scorpio Tankers from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $90.00 to $65.00 in a report on Wednesday, October 23rd. Bank of America dropped their price target on Scorpio Tankers from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Evercore ISI reduced their price objective on Scorpio Tankers from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group dropped their target price on shares of Scorpio Tankers from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.75.

About Scorpio Tankers

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.