Scorpio Tankers Inc. (NYSE: STNG): A Look At Its Value – Marketing Sentinel
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Scorpio Tankers Inc. (NYSE: STNG): A Look At Its Value

During the last session, Scorpio Tankers Inc. (NYSE:STNG)’s traded shares were 1.17 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $36.01, reflecting an intraday loss of -3.59% or -$1.34. The 52-week high for the STNG share is $38.07, that puts it down -5.72 from that peak though still a striking 69.4% gain since the share price plummeted to a 52-week low of $11.02. The company’s market capitalization is $2.21B, and the average intraday trading volume over the past 10 days was 1.58 million shares, and the average trade volume was 1.35 million shares over the past three months.

Scorpio Tankers Inc. (STNG) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. STNG has a Sell rating from 1 analyst(s) out of 10 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.16.

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Scorpio Tankers Inc. (NYSE:STNG) trade information

Scorpio Tankers Inc. (STNG) registered a -3.59% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.59% in intraday trading to $36.01 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 0.87%, and it has moved by 23.62% in 30 days. Based on these gigs, the overall price performance for the year is 59.62%. The short interest in Scorpio Tankers Inc. (NYSE:STNG) is 2.73 million shares and it means that shorts have 2.67 day(s) to cover.

The consensus price target of analysts on Wall Street is $37.15, which implies an increase of 3.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.50 and $47.00 respectively. As a result, STNG is trading at a discount of -30.52% off the target high and 70.84% off the low.

Scorpio Tankers Inc. (STNG) estimates and forecasts

Statistics show that Scorpio Tankers Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Scorpio Tankers Inc. (STNG) shares have gone up 192.53% during the last six months, with a year-to-date growth rate more than the industry average at 167.15% against 18.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 117.00% this quarter and then jump 113.70% in the quarter after that. In the rating firms’ projections, revenue will increase 58.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $244.38 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $210.76 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.60%. While earnings are projected to return -356.70% in 2022.

STNG Dividends

Scorpio Tankers Inc. is due to release its next quarterly earnings between February 16 and February 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Scorpio Tankers Inc. is 0.40, with the dividend yield indicating at 1.11 percent, continuing the trend of increasing dividends in recent years.

Scorpio Tankers Inc. (NYSE:STNG)’s Major holders

Scorpio Tankers Inc. insiders own 13.70% of total outstanding shares while institutional holders control 45.88%, with the float percentage being 53.17%. Blackrock Inc. is the largest shareholder of the company, while 207 institutions own stock in it. As of Mar 30, 2022, the company held over 3.69 million shares (or 6.31% of all shares), a total value of $78.79 million in shares.

The next largest institutional holding, with 2.6 million shares, is of Cooper Creek Partners Management LLC’s that is approximately 4.46% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $33.36 million.

Also, the Mutual Funds coming in first place with the largest holdings of Scorpio Tankers Inc. (STNG) shares are iShares Russell 2000 ETF and DFA U.S. Small Cap Value Series. Data provided on Jan 30, 2022 indicates that iShares Russell 2000 ETF owns about 1.12 million shares. This amounts to just over 1.92 percent of the company’s overall shares, with a $15.29 million market value. The same data shows that the other fund manager holds slightly less at 0.6 million, or about 1.02% of the stock, which is worth about $8.12 million.

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