A share price of Scorpio Tankers Inc [STNG] is currently trading at $68.27, down -0.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The STNG shares have gain 5.52% over the last week, with a monthly amount glided 3.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Scorpio Tankers Inc [NYSE: STNG] stock has seen the most recent analyst activity on July 21, 2023, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $45 from $60. Previously, Deutsche Bank upgraded its rating to Buy on June 30, 2023, and kept the price target unchanged to $55. On March 08, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $87 on the stock. Deutsche Bank upgraded its rating to a Hold and increased its price target to $38 on October 11, 2022. Jefferies initiated its recommendation with a Buy and recommended $47 as its price target on July 21, 2022. In a note dated March 03, 2022, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $15.50 to $23.
Scorpio Tankers Inc experienced fluctuations in its stock price throughout the past year between $40.34 and $72.89. Currently, Wall Street analysts expect the stock to reach $33.5 within the next 12 months. Scorpio Tankers Inc [NYSE: STNG] shares were valued at $68.27 at the most recent close of the market. An investor can expect a potential drop of -50.93% based on the average STNG price forecast.
Analyzing the STNG fundamentals
Trailing Twelve Months sales for Scorpio Tankers Inc [NYSE:STNG] were 1.34B which represents -31.88% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.58 points at the first support level, and at 66.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.66, and for the 2nd resistance point, it is at 69.05.
Scorpio Tankers Inc [STNG] reported earnings per share of $2.75 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.63/share, meaning a difference of $0.12 and a surprise factor of 4.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.91 per share as compared to estimates of $1.52 per share, a difference of $0.39 representing a surprise of 25.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Scorpio Tankers Inc [NYSE:STNG] is 1.13. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 2.80, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 6.87.
