Scorpio Tankers
STNG

$70.47

1.47%

Market Cap: $3.58B

About: Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters in hundred ten product tankers namely thirty nine LR2 tankers, fifty seven MR tankers and forteeen Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products. They provide seaborne transportation of crude oil and refined petroleum products worldwide. The company generates majority of its revenue from MR vessel.

Employees: 24

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

59% more call options, than puts

Call options by funds: $284M | Put options by funds: $179M

45.12% more ownership

Funds ownership: 20.45% [Q1] → 65.57% (+45.12%) [Q2]

15% more capital invested

Capital invested by funds: $2.53B [Q1] → $2.91B (+$377M) [Q2]

11% more funds holding in top 10

Funds holding in top 10: 9 [Q1] → 10 (+1) [Q2]

6% more funds holding

Funds holding: 286 [Q1] → 304 (+18) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 114

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Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$82

16%

upside

Avg. target

$90

27%

upside

High target

$100

42%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Jefferies Omar Nokta 49% 1-year accuracy 17 / 35 met price target	28%upside $90	Buy Maintained	30 Jul 2024
Stifel Benjamin Nolan 44% 1-year accuracy 16 / 36 met price target	22%upside $86	Buy Maintained	24 Jul 2024
Evercore ISI Group Jonathan Chappell 70% 1-year accuracy 16 / 23 met price target	42%upside $100	Outperform Maintained	23 Jul 2024
B of A Securities Ken Hoexter 52% 1-year accuracy 22 / 42 met price target	16%upside $82	Neutral Maintained	23 Jul 2024

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Financial journalist opinion

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

MONACO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that since July 30, 2024, the Company has repurchased 2,415,321 of its common shares in the open market at an average price of $72.45 per share under the Company's 2023 Securities Repurchase Program.

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement

MONACO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two vessels and a new time charter-out agreement.

Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement

Scorpio Tankers Q2 2024 Earnings: Supportive Market Fundamentals And A Stronger Balance Sheet

Scorpio Tankers' thesis remains at play, with elevated product rates due to increased ton-mile demand from various global events. TCE revenue declined sequentially, but was up 14% (Y/Y). STNG has been deleveraging its balance sheet, reducing the cash break-even level to $12,500 per day. We think the Dangote refinery coming online has increased the ton-mile demand. However, this could be counterproductive once the refinery starts to ramp up gasoline production, reducing imports from Europe.

Scorpio Tankers Q2 2024 Earnings: Supportive Market Fundamentals And A Stronger Balance Sheet

Scorpio Tankers: H1 2024 Earnings Show That The Company Can Grow More And More

Q2-2024 results: Revenues up 16% year-on-year, net income up 48% year-on-year. Demand for oil tankers is currently higher than supply, leading to pressure on vessel day rates. Vessel day rates remain at historically high levels.

Scorpio Tankers: H1 2024 Earnings Show That The Company Can Grow More And More

Scorpio Tankers Inc. (STNG) Q2 2024 Earnings Call Transcript

Start Time: 09:00 January 1, 0000 9:47 AM ET Scorpio Tankers Inc. (NYSE:STNG ) Q2 2024 Earnings Conference Call July 30, 2024, 09:00 PM ET Company Participants Emanuele Lauro - CEO Robert Bugbee - President Cameron Mackey - COO Chris Avella - CFO James Doyle - Head of Corporate Development and IR Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Greg Lewis - BTIG Ben Nolan - Stifle Chris Robertson - Deutsche Bank Frode Mørkedal - Clarkson Securities Liam Burke - B. Riley FBR Operator Hello, and welcome to the Scorpio Tankers, Inc. Second Quarter 2024 Conference Call.

Scorpio Tankers Inc. (STNG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Scorpio Tankers (STNG) Q2 Earnings and Revenues Beat Estimates

Scorpio Tankers (STNG) came out with quarterly earnings of $3.60 per share, beating the Zacks Consensus Estimate of $3.52 per share. This compares to earnings of $2.41 per share a year ago.

Scorpio Tankers (STNG) Q2 Earnings and Revenues Beat Estimates

Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2024, the Declaration of a Dividend and an Increase to its Securities Repurchase Program

MONACO, July 30, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and six months ended June 30, 2024. The Company also announced that its board of directors (the "Board of Directors") has declared a quarterly cash dividend on its common shares of $0.40 per share.

Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2024, the Declaration of a Dividend and an Increase to its Securities Repurchase Program

Zacks Investment Research

Scorpio Tankers (STNG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Scorpio Tankers (STNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Scorpio Tankers (STNG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Scorpio Tankers Inc. Announces That on July 30, 2024, the Company Plans to Issue Its Second Quarter 2024 Results and Have a Conference Call

MONACO, July 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) (“Scorpio Tankers,” or the “Company”) announced today that on Tuesday, July 30, 2024, the Company plans to issue its second quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time.

Scorpio Tankers Inc. Announces That on July 30, 2024, the Company Plans to Issue Its Second Quarter 2024 Results and Have a Conference Call

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that it recently repurchased 756,312 of its common shares in the open market at an average price of $78.07 per share under the 2023 Securities Repurchase Program. Since June 1, 2024, the Company has repurchased an aggregate of 1,397,966 of its common shares in the open market at an average price of $78.16 per share. There is $140.7 million available under the 2023 Securities Repurchase Program as of July 12, 2024.

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

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