Scorpio Tankers (STNG)

• Market cap: $2.48B
• 1 day: 3.52%
• 5 days: 4.60%
• 1 month: -5.02%
• 3 months: -29.49%
• 6 months: -40.46%
• Year to date: -21.37%
• 1 year: -21.02%
• 5 years: 28.72%
• 10 years: -42.16%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

62% more call options, than puts

Call options by funds: $284M | Put options by funds: $175M

0.06% less ownership

Funds ownership: 66.67% [Q2] → 66.61% (-0.06%) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 109

6% less funds holding

Funds holding: 305 [Q2] → 288 (-17) [Q3]

17% less capital invested

Capital invested by funds: $2.96B [Q2] → $2.46B (-$500M) [Q3]

27% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 62

40% less funds holding in top 10

Funds holding in top 10: 10 [Q2] → 6 (-4) [Q3]

Research analyst outlook

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

• Low target: $65 32% upside
• Avg. target: $73 48% upside
• High target: $80 63% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Jefferies Omar Nokta 11% 1-year accuracy 6 / 57 met price target	53% upside $75	Buy Maintained	12 Dec 2024
Evercore ISI Group Jonathan Chappell 31% 1-year accuracy 9 / 29 met price target	63% upside $80	Outperform Maintained	30 Oct 2024
Stifel Benjamin Nolan 32% 1-year accuracy 12 / 38 met price target	32% upside $65	Hold Downgraded	23 Oct 2024
B of A Securities Ken Hoexter 42% 1-year accuracy 20 / 48 met price target	44% upside $71	Neutral Maintained	22 Oct 2024