Scorpio Tankers Inc. (STNG): Find Out What Insiders Are Doing

Scorpio Tankers Inc. (NYSE:STNG) finished Friday with an addition of $0.17 to close at $17.27, an upside of 0.99 percent. An average of 701,160 shares of common stock have been traded in the last five days. There was a gain of $0.66 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 905,405 shares traded, while the 50-day average volume stands at 763,758.

STNG stock has increased by 9.37% in the last month. The company shares reached their 1-month lowest point of $15.47 on 09/23/21. With the stock rallying to its 52-week high on 06/28/21, shares of the company touched a low of $8.28 and a high of $24.67 in 52 weeks. It has reached a new high 23 times so far this year and achieved 54.33% or $6.08 in price. In spite of this, the price is down -30.00% from the 52-week high.


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Valuation Metrics

Scorpio Tankers Inc. (STNG) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 20.20 for the sector. In the last five years, Scorpio Tankers Inc.’s PE ratio has ranged between 21.55 and 2.879. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 0.48, and the price-to-cash flow ratio at 7.82.

Scorpio Tankers Inc. pays a $0.40 dividend per share annually. It offers a dividend yield of 2.32%. The company’s most recent quarterly dividend payment took place on Sep. 29, and it was $0.10 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.00 reported on Wednesday February 13 2019.

The quick ratio of Scorpio Tankers Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.39 and a total debt to equity ratio of 1.61 for the quarter ending June 29. Scorpio Tankers Inc.’s EBITDA margin for the year ending June 29 is 55.46%, while its operating margin for the same period stands at -13.20%. Its gross profit as reported stood at $574.18 million compared to revenue of $915.89 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Scorpio Tankers Inc.’s return on assets was -4.10%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Scorpio Tankers Inc.’s latest quarter earnings to come in at -$0.88 per share, but it turned out to be -$0.94, a -6.80% surprise. For the quarter, EBITDA amounted to $52.28 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Scorpio Tankers Inc. (STNG) price momentum. RSI 9-day as of the close on 22 October was 45.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.89%.

As of today, STNG’s price is $17.67 +3.97% or $0.66 from its 5-day moving average. STNG is currently trading +4.60% higher than its 20-day SMA and -21.29% lower than its 100-day SMA. However, the stock’s current price level is +10.14% above the SMA50 and +37.50% above the SMA200.

The stochastic %K and %D were 30.78% and 38.32%, respectively, and the average true range (ATR) was 0.90. With the 14-day stochastic at 22.67% and the average true range at 0.89, the RSI (14) stands at 48.59%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

DNB Markets upgraded Scorpio Tankers Inc. (NYSE: STNG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Scorpio Tankers Inc. (STNG) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell STNG, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.

What is STNG’s price target for the next 12 months?

Analysts predict a range of price targets between $13.00 and $32.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for Scorpio Tankers Inc. (STNG) stock is $23.33.

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