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 |
|---|---|---|---|
| 10/23/2024 | $90.00 → $65.00 | Buy → Hold | Stifel |
| 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 |
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
6-K - Scorpio Tankers Inc. (0001483934) (Filer)
MONACO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") announces today that it has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in January 2030 and will pay a fixed coupon of 7.5% per annum, payable semi-annually in arrears. The net proceeds from the bond issue shall be used to refinance the Company's existing USD 70.6m senior unsecured notes and for general corporate purposes. DNB Markets, Arctic Securities AS, and Pareto Securities AS acted as Global Coordinators and Jo
MONACO, Jan. 12, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers" or the "Company") through its Norwegian investment banks, will arrange a series of fixed income investor calls commencing on January 13, 2025. A five-year USD denominated senior unsecured bond issue may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue are intended to be used for the refinancing of the Company's existing 7.0% senior unsecured notes due June 30, 2025 which have an outstanding principal balance of USD 70.6 million, and for general corporate purposes. The senior unsecured bonds, if issued, will be offered in the United States or its
Capital Link Releases Shipping Sectors Webinar Highlights Booklet Your 2025 Guide to Shipping Industry Trends NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is pleased to announce the release of the Shipping Sector Webinar Highlights Booklet, titled "SHIPPING: STATE OF PLAY & WHAT LIES AHEAD", a resource that distills top insights from the 2024 Shipping Sector Webinar Series held in December 2024. Featuring leadership insights from senior executives of publicly listed shipping companies, the booklet provides a comprehensive analysis of the trends shaping the future of global shipping. Focusing on six main sectors, Dry Bulk, Containers, Crude Tankers, Product Tankers, LNG and
NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is hosting a series of online Company Presentations, whereby the Senior Management teams of leading listed maritime companies will present their business development, strategy, growth prospects, and overall sector outlook. Initiating Capital Link's Company Presentation Series will be: Scorpio Tankers Inc. (NYSE:STNG) on Tuesday, January 7, 2025, at 11:00 AM ET and International Seaways, Inc. (NYSE:INSW) on Thursday, January 9, 2025, at 10:00 AM ET REGISTRATION Online attendance is complimentary. Please click on the link below to register.https://us06web.zoom.us/webinar/register/WN_2j_cVjWkTVevJQ1sQ4EdDw#/registration 1x1 Meeting
MONACO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received commitments from a group of financial institutions for a revolving loan of up to $500.0 million (the "Revolving Credit Facility"). The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the Company the flexibility to draw down or repay the loan during the loan tenor. The Revolving Credit Facility is expected to bear interest at SOFR plus a margin of 1.85% per annum and a commitment fee of 0.74% per annum applies for any undrawn amounts. The Revolving Credit Facility
LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2024 Shipping Sectors Webinar Series, featuring senior executives from leading publicly listed companies across the LNG, LPG, Dry Bulk, Crude Oil, and Product Tanker sectors. These live discussions will
LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2024 Shipping Sectors Webinar Series, featuring senior executives from leading publicly listed companies across the LNG, LPG, Dry Bulk, Crude Oil, and Product Tanker sectors. These live discussions will
MONACO, Oct. 29, 2024 (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, 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 September 30, 2024 and 2023 For the three months ended September 30, 2024, the Company had net income of $158.7 million, or $3.31 basic and $3.16 diluted earnings per share. For the three months ended September 30, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $87.7
MONACO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Tuesday, October 29, 2024, the Company plans to issue its third quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 2:00 PM Central European Time. Conference Call Information Title: Scorpio Tankers Inc. Third Quarter 2024 Conference Call Date: Tuesday October 29, 2024 Time: 9:00 AM Eastern Daylight Time and 2:00 PM Central European Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the w
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024, at the Metropolitan Club in New York City. The event is organized in partnership with DNB, and in cooperation with Nasdaq and NYSE. Registration is complimentary for institutional investors and shipping companies. FORUM OVERVIEW AND STRUCTURE The New York Maritime Forum (NYMF) is both an investment and an industry conference that provides a platform for investors, financiers, cargo owners and shipowners to discuss the latest developments in the global shipping, energy and
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MONACO, Oct. 29, 2024 (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, 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 September 30, 2024 and 2023 For the three months ended September 30, 2024, the Company had net income of $158.7 million, or $3.31 basic and $3.16 diluted earnings per share. For the three months ended September 30, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $87.7
MONACO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Tuesday, October 29, 2024, the Company plans to issue its third quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 2:00 PM Central European Time. Conference Call Information Title: Scorpio Tankers Inc. Third Quarter 2024 Conference Call Date: Tuesday October 29, 2024 Time: 9:00 AM Eastern Daylight Time and 2:00 PM Central European Time The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the w
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
Stifel downgraded Scorpio Tankers from Buy to Hold and set a new price target of $65.00 from $90.00 previously
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