Scorpio Tankers Stock (NYSE:STNG): Upside Still Likely after Q1 Win [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 company has been in a prime position to benefit from a supply and demand imbalance within the tanker industry, sending spot rates for its young and fuel-efficient fleet upwards. With several factors continuing to exacerbate the market imbalance, plus the stock's attractive valuation, I remain bullish on Scorpio. Scorpio Tankers Impresses in Q1 Scorpio Tankers stock pushed higher after its Q1 earnings on May 9. The tanker stock reported non-GAAP earnings per share (EPS) of $3.97, beating estimates by $0.34. Revenue came in at $391.3 million, beating estimates by $10.3 million. Scorpio's average daily time charter equivalent revenue — the effective leasing costs of its vessels — increased to $39,660 per vessel from $37,500 per vessel in the prior-year period. In its earnings call, management noted that the company had also successfully paid down more debt. The company's debt net position currently sits at $811 million as of the most recent report. This figure is roughly in lin
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STNG
News
- Scorpio Tankers Inc. (NYSE: STNG) had its price target raised by analysts at Bank of America Co. from $82.00 to $85.00. They now have a "neutral" rating on the stock.MarketBeat
- Scorpio Tankers Inc. Announces Updates on its Securities Repurchase Program and Second Quarter 2024 Daily TCE Revenues [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. Announces Updates on its Securities Repurchase Program and Second Quarter 2024 Daily TCE RevenuesGlobeNewswire
- Scorpio Tankers (NYSE:STNG) Is Doing The Right Things To Multiply Its Share Price [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. Announces Agreements to Sell Five MR Product TankersGlobeNewswire
STNG
Earnings
- 5/9/24 - Miss
STNG
Sec Filings
- 6/17/24 - Form 6-K
- 6/11/24 - Form 6-K
- 5/31/24 - Form 6-K
- STNG's page on the SEC website