STNG Stock Recent News

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.

Scorpio Tankers (STNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.

In the latest trading session, Scorpio Tankers (STNG) closed at $66.43, marking a -0.6% move from the previous day.

Zacks.com users have recently been watching Scorpio Tankers (STNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Scorpio Tankers (STNG) reachead $70.75 at the closing of the latest trading day, reflecting a -1.26% change compared to its last close.