At the last check on Thursday, Scorpio Tankers Inc.’s (NYSE:STNG) stock was up $0.68, moving up 1.33 percent to $51.75. The average number of shares traded per day over the past five days has been 1,047,930 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.53 fall in that time frame. In the last twenty days, the average volume was 965,173, while in the previous 50 days, it was 1,111,763.
Since last month, STNG stock rose 0.06%. Shares of the company fell to $47.89 on 09/05/23, the lowest level in the past month. A 52-week high of $64.20 was reached on 02/17/23 after having rallying from a 52-week low of $38.05. Since the beginning of this year, STNG’s stock price has dropped by -3.76% or -$2.42, and marked a new high 12 times. However, the stock has declined by -19.39% since its 52-week high.
Valuation Metrics
Right now, Scorpio Tankers Inc. (STNG) has a P/E ratio of about 3.50. The stock’s beta is 0.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 1.15, and the price-to-cash flow ratio of 3.63 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Tuesday May 2 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, Scorpio Tankers Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 82.40% percent. In the year ended June 29, EBITDA margin amounted to 67.72%, whereas operating margins totaled 45.00%. Based on annual data, STNG earned $1.15 billion in gross profit and brought in $1.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.70%. Return on equity (ROE) for the past 12 months was 27.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. STNG’s revenue rose 65.4% during the quarter, while net income inched up to $1.56 billion. While analysts expected Scorpio Tankers Inc. to report $2.47 quarterly earnings, the actual figure was $2.41 per share, beating the consensus estimate by -2.40%. During the quarter, the company generated $235.63 million in EBITDA. The liabilities of Scorpio Tankers Inc. were 1.9 billion at the end of its most recent quarter ended June 29, and its total debt was $1.81 billion.
Technical Picture
This quick technical analysis looks at Scorpio Tankers Inc.’s (STNG) price momentum. With a historical volatility rate of 34.16%, the RSI 9-day stood at 50.64% on 20 September.
With respect to its five-day moving average, the current Scorpio Tankers Inc. price is down by -2.89% percent or -$1.53. At present, STNG shares trade +0.29% above its 20-day simple moving average and -1.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately +15.16% above its SMA50 and -4.73% below its SMA200.
Stochastic coefficient K was 52.54% and Stochastic coefficient D was 64.99%, while ATR was 1.81. Given the Stochastic reading of 51.26% for the 14-day period, the RSI (14) reading has been calculated as 52.75%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at 0.44.
Analyst Ratings
Scorpio Tankers Inc. downgraded its rating on Scorpio Tankers Inc. (NYSE: STNG) to a Neutral in a note to investors on July 21, 2023. The analysts firm previously had a Buy rating on the stock.Scorpio Tankers Inc. (STNG) has been rated Buy by analysts. According to 0 brokerage firms, STNG is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Scorpio Tankers Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $74.50, the current consensus forecast for the stock is $53.00 – $85.00. Based on these forecasts, analysts predict Scorpio Tankers Inc. (STNG) will achieve an average price target of $72.49.
