Scorpio Tankers Inc. [STNG] shares are down more than -66.14% this year and recently increased 0.09% or $1.15 to settle at $12.52. STNG has a short ratio of 4.40. This implies that the market is currently less bullish on the outlook for STNG.
On 5, November 2020, Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2020 and Declaration of a Quarterly Dividend. According to news published on Yahoo Finance, Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) today reported its results for the three and nine months ended September 30, 2020. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Companys common stock.
Analyst Birdseye View:
The most recent analyst activity for Scorpio Tankers Inc. [NYSE:STNG] stock was on March 09, 2020, when it was Downgrade with a Hold rating from DNB Markets, which also raised its 12-month price target on the stock to $30. Before that, on March 09, 2020, Stifel Recapitulated a Buy rating and elevated its amount target to $30. On October 17, 2019, Stifel Downgrade a Hold rating and boosted its price target on this stock from $32 to $37. On May 16, 2019, JP Morgan Upgrade an Overweight rating and increased its price target from $29 to $34. On March 04, 2019, B. Riley FBR Upgrade a Buy rating and increased its price target to $25. On January 23, 2019, JP Morgan Downgrade a Neutral rating. On November 09, 2018, B. Riley FBR Initiated a Neutral rating and boosted its target amount on this stock to $2.20.
In the past 52 weeks of trading, this stock has oscillated between a low of $8.28 and a peak of $40.45. Right now, according to Wall Street analyst the average 12-month amount target is $19.31. At the most recent market close, shares of Scorpio Tankers Inc. [NYSE:STNG] were valued at $12.52. According to the average price forecast, investors can expect a potential return of -10.87%.
Scorpio Tankers Inc. [NYSE:STNG] most recently reported quarterly sales of 177.25 billion, which represented growth of 30.30%. This publicly-traded organization’s revenue is $32,014,773 per employee, while its income is -$2,204,091 per employee. This company’s Gross Margin is currently 66.70%, its Operating Margin is 34.80%, its Pretax Margin is -6.88, and its Net Margin is -6.88. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.97, -2.54, 2.64 and -1.08 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 61.23 and the whole liability to whole assets at 60.47. It shows enduring liability to the whole principal at 52.96 and enduring liability to assets at 0.52 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.15 points at 1st support level, the second support level is making up to 10.92. But as of 1st resistance point, this stock is sitting at 11.75 and at 12.12 for 2nd resistance point.
Scorpio Tankers Inc. [STNG] reported its earnings at -$0.37 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.3/share signifying the difference of -0.07 and -23.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $2.4 calling estimates for $2.81/share with the difference of -0.41 depicting the surprise of -14.60%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Scorpio Tankers Inc. [NYSE:STNG] is 0.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.42. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.78, it’s amount to book ratio is 1.16 and showing 3.86 of P/E (TTM) ratio.