STNG Stock Recent News

Scorpio Tankers (STNG) closed the most recent trading day at $71.90, moving +0.8% from the previous trading session.

Scorpio Tankers (STNG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Recently, Zacks.com users have been paying close attention to Scorpio Tankers (STNG). This makes it worthwhile to examine what the stock has in store.

Scorpio Tankers (STNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Scorpio Tankers delivered strong results in 2023, with expanding profit margins, reduced debt, and active share repurchases. The product tanker market is still favorable, with limited supply due to an aging fleet and low order book, and strong demand driven by refinery output and shifting oil demand and supply. STNG trades at 90% P/NAV. TRMD trades at 112% P/NAV and HAFNF at 98% P/NAV. I expect rising inflation in the coming months, pushing the shipping company's NAV further.

Scorpio Tankers (STNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Scorpio Tankers Inc. (STNG) Q4 2023 Earnings Call Transcript

Scorpio Tankers (STNG) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.63 per share. This compares to earnings of $4.24 per share a year ago.