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Stock impact report

Scorpio Tankers: Top-Notch Fleet And Low LTV At A Steep Discount, Still A Strong Buy [Seeking Alpha]

Scorpio Tankers Inc. Common Shares (STNG) 
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am Check Earnings Report
Company Research Source: Seeking Alpha
Follow Play 9min Summary Scorpio Tankers reported a strong 2Q24 with an 81.5% YoY EPS increase and significant debt reduction. Despite short-term headwinds in the CPP market, long-term fundamentals and macro tailwinds support a bullish outlook for product tankers. STNG trades at a 38% discount to NAV, offering an attractive buying opportunity with a top-quality fleet and low leverage. I keep Scorpio's rating a Strong Buy. HeliRy Note: I previously covered Scorpio Tankers ( NYSE: STNG ) in February. In the article, I discussed the product tankers market and the company's merits. STNG was perfectly positioned with its relatively young fleet equipped with scrubbers. Scorpio's NAV was valued at $3,771 million at This article was written by KD Research 1.79K Follower s Follow I am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the Show less Read more
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