Where Does Scorpio Tankers Inc. (STNG) Rank When It Comes To Price-To-Earnings Ratio?

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Scorpio Tankers Inc. (NYSE:STNG) finished Thursday with a subtraction of -$4.09 to close at $40.31, a downside of -9.20 percent. An average of 941,842 shares of common stock have been traded in the last five days. There was a fall of -$2.70 in the past week, and it reached a new high 49 times over the past 12 months. The last 20 days have seen an average of 895,260 shares traded, while the 50-day average volume stands at 964,592.

STNG stock has increased by 10.23% in the last month. The company shares reached their 1-month lowest point of $39.01 on 08/31/22. With the stock rallying to its 52-week high on 09/22/22, shares of the company touched a low of $11.02 and a high of $46.30 in 52 weeks. It has reached a new high 58 times so far this year and achieved 246.60% or $27.58 in price. In spite of this, the price is down -12.93% from the 52-week high.


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Valuation Metrics

Scorpio Tankers Inc. (STNG) stock’s beta is 0.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.24, the price-to-book (PB) ratio at 1.27, and the price-to-cash flow ratio at 16.73.

Financial Health

The quick ratio of Scorpio Tankers Inc. for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.15 and a total debt to equity ratio of 1.35 for the quarter ending June 29. Its gross profit as reported stood at $202.49 million compared to revenue of $540.79 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 -0.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$234.44 million in the quarter, while revenues were grew 140.15%. The analyst consensus anticipated Scorpio Tankers Inc.’s latest quarter earnings to come in at $2.99 per share, but it turned out to be $3.13, a 4.70% surprise. For the quarter, EBITDA amounted to $288.24 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 September was 36.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.05%.

As of today, STNG’s price is $43.00 -6.28% or -$2.70 from its 5-day moving average. STNG is currently trading -1.14% lower than its 20-day SMA and +56.51% higher than its 100-day SMA. However, the stock’s current price level is +18.88% above the SMA50 and +207.42% above the SMA200.

The stochastic %K and %D were 40.84% and 55.05%, respectively, and the average true range (ATR) was 2.37. With the 14-day stochastic at 0.08% and the average true range at 2.28, the RSI (14) stands at 43.17%. The stock has reached -0.86 on the 9-day MACD Oscillator while the 14-day reading was at -0.60.

Analyst Ratings

Jefferies launched coverage on Scorpio Tankers Inc. (NYSE: STNG) in its analyst report released on July 21, 2022. The firm assigned the stock a Buy rating. The consensus rating for Scorpio Tankers Inc. (STNG) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell STNG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 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 $34.00 and $85.50, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Scorpio Tankers Inc. (STNG) stock is $52.06.

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