As of close of business last night, Scorpio Tankers Inc’s stock clocked out at $70.42, down -2.17% from its previous closing price of $71.98. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 662223 shares were traded.
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Ratios:
To gain a deeper understanding of STNG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 21, 2023, Downgraded its rating to Neutral and sets its target price to $45 from $60 previously.
On June 30, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $55.
On March 08, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $87.JP Morgan initiated its Overweight rating on March 08, 2023, with a $87 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STNG now has a Market Capitalization of 3.74B and an Enterprise Value of 4.97B. As of this moment, Scorpio’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.09, and their Forward P/E ratio for the next fiscal year is 6.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 3.71 whereas that against EBITDA is 5.47.
Stock Price History:
Over the past 52 weeks, STNG has reached a high of $73.67, while it has fallen to a 52-week low of $40.34. The 50-Day Moving Average of the stock is 68.30, while the 200-Day Moving Average is calculated to be 56.41.
Shares Statistics:
It appears that STNG traded 1.29M shares on average per day over the past three months and 925.89k shares per day over the past ten days. A total of 53.11M shares are outstanding, with a floating share count of 47.18M. Insiders hold about 14.22% of the company’s shares, while institutions hold 56.02% stake in the company. Shares short for STNG as of Feb 29, 2024 were 2.42M with a Short Ratio of 1.88, compared to 1.48M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.56% and a Short% of Float of 4.86%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.05, STNG has a forward annual dividend rate of 1.25. Against a Trailing Annual Dividend Yield of 1.46%, it implies a Forward Annual Dividend Yield of 2.27%. The stock’s 5-year Average Dividend Yield is 1.89. The current Payout Ratio is 10.47% for STNG, which recently paid a dividend on Mar 27, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Jan 18, 2019 when the company split stock in a 1:10 ratio.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $3.87 for the current quarter, with a high estimate of $4.62 and a low estimate of $3.45, while EPS last year was $3.31. The consensus estimate for the next quarter is $2.69, with high estimates of $3.91 and low estimates of $1.1.
Analysts are recommending an EPS of between $15.39 and $7.1 for the fiscal current year, implying an average EPS of $12.48. EPS for the following year is $11.07, with 12 analysts recommending between $19.34 and $4.71.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $389.65M. It ranges from a high estimate of $416M to a low estimate of $368.9M. As of the current estimate, Scorpio Tankers Inc’s year-ago sales were $384.43M, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $325.14M, a decrease of -4.60% less than the figure of $1.40% in the same quarter last year. There is a high estimate of $387M for the next quarter, whereas the lowest estimate is $244M.
A total of 13 analysts have provided revenue estimates for STNG’s current fiscal year. The highest revenue estimate was $1.56B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.4B. In the same quarter a year ago, actual revenue was $1.34B, up 4.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.27B in the next fiscal year. The high estimate is $1.8B and the low estimate is $959.7M. The average revenue growth estimate for next year is down -9.00% from the average revenue estimate for this year.
