Marine Transportation Stocks Q2 Results: Benchmarking Scorpio Tankers (NYSE:STNG) [Yahoo! Finance]
Scorpio Tankers Inc. Common Shares (STNG)
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am
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US:NYSE Investor Relations:
scorpiotankers.com/investors/shareholder-services/stock-price-information
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Source: Yahoo! Finance
The growth of e-commerce and global trade continues to drive demand for shipping services, presenting opportunities for marine transportation companies. While ocean freight is more fuel efficient and therefore cheaper than its air and ground counterparts, it results in slower delivery times, presenting a trade off. To improve transit speeds, the industry continues to invest in digitization to optimize fleets and routes. However, marine transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs can influence profit margins. Geopolitical tensions can also affect access to trade routes, and if certain countries are banned from using passageways like the Panama Canal, costs can spiral out of control. The 5 marine transportation stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 4.7%. Inflation progressed towards the Fed's
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News
- Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the CompanyGlobeNewswire
- Is Weakness In Scorpio Tankers Inc. (NYSE:STNG) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. Announces an Update to its Securities Repurchase ProgramGlobeNewswire
- Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out AgreementGlobeNewswire
- Scorpio Tankers Inc. (NYSE:STNG) Shares Could Be 41% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
STNG
Earnings
- 7/30/24 - Beat
STNG
Sec Filings
- 9/9/24 - Form 6-K
- 9/3/24 - Form 6-K
- 7/30/24 - Form 6-K
- STNG's page on the SEC website