FY2025 EPS Estimates for Scorpio Tankers Lifted by B. Riley

Scorpio Tankers Inc. (NYSE:STNG) – B. Riley raised their FY2025 earnings estimates for shares of Scorpio Tankers in a report issued on Tuesday, April 8th. B. Riley analyst L. Burke now anticipates that the shipping company will earn $3.35 per share for the year, up from their prior forecast of $3.30. The consensus estimate for Scorpio Tankers’ current full-year earnings is $5.29 per share.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Wednesday, February 12th. The shipping company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus decreased their price target on Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Scorpio Tankers in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Scorpio Tankers has a consensus rating of “Hold” and an average target price of $68.75.

Scorpio Tankers Stock Up 7.2 %

NYSE STNG opened at $35.68 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 2.74 and a beta of -0.01. Scorpio Tankers has a 52 week low of $30.63 and a 52 week high of $84.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.39 and a current ratio of 2.43. The stock has a fifty day moving average of $40.10 and a 200-day moving average of $50.24.

Scorpio Tankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. Scorpio Tankers’s dividend payout ratio (DPR) is presently 12.27%.

Institutional Investors Weigh In On Scorpio Tankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STNG. Rhumbline Advisers grew its position in shares of Scorpio Tankers by 10.7% during the 1st quarter. Rhumbline Advisers now owns 84,174 shares of the shipping company’s stock worth $3,163,000 after buying an additional 8,170 shares during the period. GAMMA Investing LLC boosted its stake in Scorpio Tankers by 1,650.4% during the 1st quarter. GAMMA Investing LLC now owns 10,485 shares of the shipping company’s stock worth $394,000 after acquiring an additional 9,886 shares during the last quarter. 111 Capital acquired a new position in Scorpio Tankers during the fourth quarter valued at approximately $238,000. LM Asset IM Inc. bought a new stake in Scorpio Tankers in the fourth quarter valued at approximately $1,988,000. Finally, Vident Advisory LLC raised its holdings in Scorpio Tankers by 5.8% in the fourth quarter. Vident Advisory LLC now owns 14,955 shares of the shipping company’s stock worth $743,000 after purchasing an additional 818 shares during the period. Institutional investors own 54.64% of the company’s stock.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.