Scorpio Tankers Inc. (NYSE:STNG) has a beta value of 1.08 and has seen 1,262,135 shares traded in the last trading session. The company, currently valued at $778.36 Million, closed the last trade at $13.42 per share which meant it gained $0.77 on the day or 6.09% during that session. The STNG stock price is -160.21% off its 52-week high price of $34.92 and 38.3% above the 52-week low of $8.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.87 Million shares traded. The 3-month trading volume is 1.51 Million shares.
The consensus among analysts is that Scorpio Tankers Inc. (STNG) is an Overweight stock at the moment, with a recommendation rating of 2. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 12 have rated it as a Hold, with 10 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.79.
Scorpio Tankers Inc. (NYSE:STNG) trade information
Sporting 6.09% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jan 08 when the STNG stock price touched $14.05- or saw a rise of 4.48%. Year-to-date, Scorpio Tankers Inc. shares have moved 19.93%, while the 5-day performance has seen it change 18.97%. Over the past 30 days, the shares of Scorpio Tankers Inc. (NYSE:STNG) have changed 6.34%. Short interest in the company has seen 5.99 Million shares shorted with days to cover at 3.97.
Wall Street analysts have a consensus price target for the stock at $19.39, which means that the shares’ value could jump 44.49% from current levels. The projected low price target is $11 while the price target rests at a high of $40. In that case, then, we find that the current price level is +198.06% off the targeted high while a plunge would see the stock lose -18.03% from current levels.
Scorpio Tankers Inc. (STNG) estimates and forecasts
Figures show that Scorpio Tankers Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +5.25% over the past 6 months, with this year growth rate of 347.87%, compared to -0.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -443.5% and -89% for the next quarter. Revenue growth from the last financial year stood is estimated to be +31.7%.
9 analysts offering their estimates for the company have set an average revenue estimate of $154.02 Million for the current quarter. 3 have an estimated revenue figure of $204.68 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $221.62 Million and $237.72 Million respectively for this quarter and the next, and analysts expect sales will grow by -30.5% for the current quarter and -13.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.4% over the past 5 years. Earnings growth for 2021 is a modest +82.2%.
Scorpio Tankers Inc. is expected to release its next earnings report between February 17 and February 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.4 at a share yield of 3.16%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.65%.
Scorpio Tankers Inc. (NYSE:STNG)’s Major holders
Insiders own 20.34% of the company shares, while shares held by institutions stand at 44.44% with a share float percentage of 55.79%. Investors are also buoyed by the number of investors in a company, with Scorpio Tankers Inc. having a total of 214 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 2.78 Million shares worth more than $30.73 Million. As of September 29, 2020, Dimensional Fund Advisors LP held 4.73% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.75 Million shares as of September 29, 2020. The firm’s total holdings are worth over $30.47 Million and represent 4.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and iShares Russell 2000 Value ETF. As of November 29, 2020, the former fund manager holds about 2.01% shares in the company for having 1179478 shares of worth $13.61 Million while later fund manager owns 500.77 Thousand shares of worth $5.78 Million as of November 29, 2020, which makes it owner of about 0.85% of company’s outstanding stock.
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