The stock of Scorpio Tankers Inc. (NYSE:STNG) increased by $1.38 on Wednesday to $51.92, up 2.74 percent. The last five days have seen an average of 858,006 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.86. The average number of shares traded over the last 20 days was 1,222,177, while the average volume over the last 50 days totaled 1,095,911.
STNG stock appreciated 22.72% since last month. On 07/21/23, the company’s shares reached a one-month low of $40.34. The stock touched a high of $64.20 on 02/17/23, after rallying from a low of $38.05 in 52 weeks. The price of STNG stock has declined by -3.43% or -$1.86 this year, reaching a new high 12 times. Still, the stock price is down -19.12% from the 52-week high.
Valuation Metrics
Scorpio Tankers Inc. (STNG) has a trailing price-to-earnings (P/E) ratio of 3.52. Beta for the stock is 0.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 1.16, and the price-to-cash flow ratio of 3.63.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.05 dividend increase was reported on Tuesday May 2 2023.
Financial Health
For the three months ended June 29, Scorpio Tankers Inc.’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.80. As far as profitability goes, gross margin for the trailing twelve months is 82.40% percent. Scorpio Tankers Inc.’s EBITDA margin for the year ended June 29 was 67.72%, whereas its operating margin stood at 45.00% for the same period. Based on annual data, it had gross profit of $1.15 billion and revenue of $1.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STNG’s return on assets (ROA) during the last 12 months has been 13.80%. There was a 17.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 27.90%.
Earnings Surprise
According to Scorpio Tankers Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.56 billion, while revenues rose by 65.4% to $0.0. It was predicted that Scorpio Tankers Inc.’s quarterly earnings would be $2.41, but it ended up being $2.47, beating the consensus by -2.40%. EBITDA was $235.63 million for the quarter. At the end of Scorpio Tankers Inc.’s most recent quarter ended June 29, its liabilities totaled 1.9 billion, while its total debt was $1.81 billion.
Technical Picture
Here’s a quick look at Scorpio Tankers Inc.’s (STNG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 75.13%, suggesting the stock is Overbought, with a 24.18% historical volatility rate.
The stochastic %K and %D were 94.27% and 93.58% respectively, while the average true range (ATR) was 1.63. Based on the 14-day stochastic reading of 96.99%, the RSI (14) reading is 69.64%. On the 9-day MACD Oscillator, the stock is at 0.66, and the 14-day reading is at 1.48.
Analyst Ratings
Scorpio Tankers Inc. (NYSE: STNG) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Scorpio Tankers Inc. (STNG) an Buy rating. STNG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is STNG’s price target for the next 12 months?
The current consensus forecast for the stock is between $53.00 and $85.00, with a median target price of $74.50. In analyzing these forecasts, the average price target given by analysts for Scorpio Tankers Inc. (STNG) is $72.14.
