At the time of writing, Scorpio Tankers Inc [STNG] stock is trading at $73.24, up 0.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The STNG shares have gain 4.00% over the last week, with a monthly amount glided 13.20%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 22, March 2024, Scorpio Tankers Inc. Announces Availability of 2023 Annual Report on Form 20-F. In a post published today on Yahoo Finance, Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission and can be accessed on the Company’s website www.scorpiotankers.com in the Investors section under Reports and Presentations.
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.
For the past year, the stock price of Scorpio Tankers Inc fluctuated between $40.34 and $73.67. 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 $73.24 at the most recent close of the market. An investor can expect a potential drop of -54.26% based on the average STNG price forecast.
Analyzing the STNG fundamentals
According to Scorpio Tankers Inc [NYSE:STNG], the company’s sales were 1.34B for trailing twelve months, which represents an -31.88% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 72.22 points at the first support level, and at 71.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.15, and for the 2nd resistance point, it is at 75.06.
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
It is important to note that Scorpio Tankers Inc [NYSE:STNG] has a current ratio of 1.13. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 2.90, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 7.37.
