Scorpio Tankers (STNG) Projected to Post Earnings on Thursday

Scorpio Tankers (NYSE:STNG) is projected to post 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 $207.01 million for the quarter. Individual that wish to listen to the company’s conference call can do so using this link.

Scorpio Tankers Trading Up 0.1 %

Shares of NYSE:STNG opened at $48.12 on Wednesday. The company has a market capitalization of $2.43 billion, a P/E ratio of 3.45 and a beta of 0.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.21 and a quick ratio of 2.18. The business’s 50 day simple moving average is $49.64 and its 200 day simple moving average is $60.28. Scorpio Tankers has a 1 year low of $45.43 and a 1 year high of $84.67.

Analyst Ratings Changes

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