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
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US:NYSE Investor Relations:
scorpiotankers.com/investors/shareholder-services/stock-price-information
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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
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High impacting Scorpio Tankers Inc. Common Shares news events
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STNG
News
- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Jefferies Financial Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Evercore ISI from $84.00 to $80.00. They now have an "outperform" rating on the stock.MarketBeat
- Scorpio Tankers Inc. (NYSE: STNG) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $90.00 price target on the stock.MarketBeat
- Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a DividendGlobeNewswire
- Scorpio Tankers Inc. (NYSE: STNG) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $65.00 price target on the stock, down previously from $90.00.MarketBeat
STNG
Earnings
- 10/29/24 - Beat
STNG
Sec Filings
- 10/29/24 - Form 6-K
- 10/21/24 - Form 6-K
- 10/4/24 - Form 144
- STNG's page on the SEC website