Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 30, 2021, it owned, finance leased, or bareboat chartered 131 product tankers, which included 42 LR2, 12 LR1, 63 MR, and 14 Handymax tankers with a weighted average age of approximately 5.2 years. The company was incorporated in 2009 and is based in Monaco.
IPO Year: 2010
Exchange: NYSE
Website: scorpiotankers.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/21/2023 | $60.00 → $45.00 | Buy → Neutral | BofA Securities |
6/30/2023 | $55.00 | Hold → Buy | Deutsche Bank |
3/8/2023 | $87.00 | Overweight | JP Morgan |
10/11/2022 | $34.00 → $38.00 | Sell → Hold | Deutsche Bank |
7/21/2022 | $47.00 | Buy | Jefferies |
4/27/2022 | $24.00 → $27.00 | Buy | Jefferies |
3/3/2022 | $15.50 → $23.00 | Neutral → Buy | B of A Securities |
2/10/2022 | Underperform → Neutral | B of A Securities | |
2/10/2022 | $13.00 → $15.50 | Underperform → Neutral | BofA Securities |
12/3/2021 | $13.00 → $10.50 | Sell | Deutsche Bank |
Stifel analyst Benjamin Nolan maintains Scorpio Tankers (NYSE:STNG) with a Buy and raises the price target from $84 to $86.
5 analysts have shared their evaluations of Scorpio Tankers (NYSE:STNG) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 3 0 0 Last 30D 0 1 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $87.8, with a high estimate of $100.00 and a low estimate of $82.00. This current average ref
Evercore ISI Group analyst Jonathan Chappell maintains Scorpio Tankers (NYSE:STNG) with a Outperform and raises the price target from $99 to $100.
B of A Securities analyst Ken Hoexter maintains Scorpio Tankers (NYSE:STNG) with a Neutral and lowers the price target from $85 to $82.
B of A Securities analyst Ken Hoexter maintains Scorpio Tankers (NYSE:STNG) with a Neutral and raises the price target from $82 to $85.
Securities Repurchase Program The Company recently repurchased 641,654 of its common shares in the open market at an average price of $78.26 per share under the 2023 Securities Repurchase Program. There is $199.8 million available under the 2023 Securities Repurchase Program as of June 14, 2024. Second Quarter of 2024 Daily Time Charter Equivalent ("TCE") Revenues Below is a summary of the estimated average daily Time Charter Equivalent ("TCE") revenue and duration of contracted voyages and time charters for the Company's vessels (both in the pools and outside of the pools) thus far in the second quarter of 2024 as of the date hereof: Pool and Spot Market Time Charters Out of
B of A Securities analyst Ken Hoexter maintains Scorpio Tankers (NYSE:STNG) with a Neutral and raises the price target from $76 to $82.
Jefferies analyst Omar Nokta maintains Scorpio Tankers (NYSE:STNG) with a Buy and maintains $90 price target.
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
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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. Vessel Sales The Company has recently entered into agreements to sell two 2014 built scrubber fitted MR product tankers, STI San Antonio and STI Texas City, for $42.5 million per vessel. These sales are expected to close within the fourth quarter of 2024. Time Charter-Out Agreement The Company has entered into a three-year time charter-out agreement for the 2018 built MR product tanker, STI Jardins, for $29,550 per day. This vessel is not scrubber-fitted. The charte
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. Results for the three months ended June 30, 2024 and 2023 For the three months ended June 30, 2024, the Company had net income of $227.3 million, or $4.54 basic and $4.34 diluted earnings per share. For the three months ended June 30, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $188.4 million, or $3.77 b
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. Conference Call Information Title: Scorpio Tankers Inc. Second Quarter 2024 Conference Call Date: Tuesday, July 30, 2024 Time: 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.co
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. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns
MONACO, June 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. Securities Repurchase Program The Company recently repurchased 641,654 of its common shares in the open market at an average price of $78.26 per share under the 2023 Securities Repurchase Program. There is $199.8 million available under the 2023 Securities Repurchase Program as of June 14, 2024. Second Quarter of 2024 Daily Time Charter Equivalent ("TCE") Revenues Below is a summary of the estimated average daily Time Charter Equivalent ("TCE") revenue and duration of contra
MONACO, June 11, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has entered into agreements to sell five MR product tankers (four 2012 built and one 2013 built). The 2012 built vessels (three of which are scrubber fitted), STI Garnet, STI Onyx, STI Ruby, and STI Topaz, have been contracted to be sold for $142.5 million in aggregate to three separate buyers. The 2013 built vessel, STI Beryl (which is not scrubber fitted), has been contracted to be sold for $36.6 million. The Company will make no debt repayments associated with these sales as these vessels are unencumbered. The sales are expected to close within the thi
MONACO, May 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received approval from majority lenders under its 2023 $1.0 Billion Credit Facility to make an unscheduled repayment on the term portion of this credit facility in June 2024 of $223.6 million. This prepayment is to be applied against the eight quarterly principal installments of the term loan falling due between the third quarter of 2024 and the second quarter of 2026. Given the lower debt service costs arising from this prepayment, the Company's cash break even rates are expected to decrease by approximately $3,500 per day for the first year following
NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers, Corp. (NYSE:STNG), senior management, Mr. Robert Bugbee, President & Director, and Mr. James Doyle, Head of Corporate Development & IR will participate in a live one-on-one discussion with Mr. Nicolas Bornozis, President of Capital Link covering such topics as Scorpio's business development, company strategy, growth prospects, and overall product tanker sector outlook. The live webinar is scheduled on Monday, May 20, 2024, at 11:00 am ET (5:00 pm CET) and will last up to approximately 45 minutes. The 1-on-1 discussion will be followed by a live Q&A between Scorpio Tankers and webinar participants. REGISTRATIONOnline attendance
MONACO, May 09, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 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. Results for the three months ended March 31, 2024 and 2023 For the three months ended March 31, 2024, the Company had net income of $214.2 million, or $4.29 basic and $4.11 diluted earnings per share. For the three months ended March 31, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $206.6 million, or $4.14
MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first 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. Conference Call Information Title: Scorpio Tankers Inc. First Quarter 2024 Conference Call Date: Thursday May 9, 2024 Time: 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com an
BofA Securities downgraded Scorpio Tankers from Buy to Neutral and set a new price target of $45.00 from $60.00 previously
Deutsche Bank upgraded Scorpio Tankers from Hold to Buy and set a new price target of $55.00
JP Morgan initiated coverage of Scorpio Tankers with a rating of Overweight and set a new price target of $87.00
Deutsche Bank upgraded Scorpio Tankers from Sell to Hold and set a new price target of $38.00 from $34.00 previously
Jefferies initiated coverage of Scorpio Tankers with a rating of Buy and set a new price target of $47.00
Jefferies resumed coverage of Scorpio Tankers with a rating of Buy and set a new price target of $27.00 from $24.00 previously
B of A Securities upgraded Scorpio Tankers from Neutral to Buy and set a new price target of $23.00 from $15.50 previously
B of A Securities upgraded Scorpio Tankers from Underperform to Neutral
BofA Securities upgraded Scorpio Tankers from Underperform to Neutral and set a new price target of $15.50 from $13.00 previously
Deutsche Bank reiterated coverage of Scorpio Tankers with a rating of Sell and set a new price target of $10.50 from $13.00 previously
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. Results for the three months ended June 30, 2024 and 2023 For the three months ended June 30, 2024, the Company had net income of $227.3 million, or $4.54 basic and $4.34 diluted earnings per share. For the three months ended June 30, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $188.4 million, or $3.77 b
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. Conference Call Information Title: Scorpio Tankers Inc. Second Quarter 2024 Conference Call Date: Tuesday, July 30, 2024 Time: 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.co
MONACO, May 09, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 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. Results for the three months ended March 31, 2024 and 2023 For the three months ended March 31, 2024, the Company had net income of $214.2 million, or $4.29 basic and $4.11 diluted earnings per share. For the three months ended March 31, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $206.6 million, or $4.14
MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first 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. Conference Call Information Title: Scorpio Tankers Inc. First Quarter 2024 Conference Call Date: Thursday May 9, 2024 Time: 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com an
MONACO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2023. 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. Results for the three months ended December 31, 2023 and 2022 For the three months ended December 31, 2023, the Company had net income of $120.9 million, or $2.43 basic and $2.34 diluted earnings per share. For the three months ended December 31, 2023, the Company had adjusted net income (see Non-IFRS Measures section below) of $142.2 mi
MONACO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Wednesday February 14, 2024, the Company will issue its fourth quarter 2023 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time. Conference Call Information Title: Scorpio Tankers Inc. Fourth Quarter 2023 Conference Call Date: Wednesday February 14, 2024 Time: 9:00 AM Eastern Standard Time and 3:00 PM Central European Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and th
MONACO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months ended September 30, 2023. The Company also announced that its board of directors (the "Board of Directors") has declared a quarterly cash dividend on its common shares of $0.35 per share. Results for the three months ended September 30, 2023 and 2022 For the three months ended September 30, 2023, the Company had net income of $100.4 million, or $2.01 basic and $1.93 diluted earnings per share. For the three months ended September 30, 2023, the Company had adjusted net income (see Non-IFRS Measures section below) of
MONACO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday November 9, 2023, the Company will issue its third quarter 2023 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time. Conference Call Information Title: Scorpio Tankers Inc. Third Quarter 2023 Conference Call Date: Thursday November 9, 2023 Time: 9:00 AM Eastern Standard Time and 3:00 PM Central European Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the webc
MONACO, Aug. 02, 2023 (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, 2023. The Company also announced that its board of directors (the "Board of Directors") has declared a quarterly cash dividend on its common shares of $0.25 per share. Results for the three months ended June 30, 2023 and 2022 For the three months ended June 30, 2023, the Company had net income of $132.4 million, or $2.50 basic and $2.40 diluted earnings per share. For the three months ended June 30, 2023, the Company had adjusted net income (see Non-IFRS Measures section below) of $133.3 million, or $2.51 b
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we