25.38 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||23.50 x 1200|
|Ask||27.35 x 800|
|Day's Range||24.30 - 25.62|
|52 Week Range||14.80 - 30.87|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.40 (1.53%)|
|1y Target Est||N/A|
The stars are lining up for maritime shippers after years of pain, says David Marcus of Evermore Global Advisors.
This change is expected to significantly boost demand for both crude oil and product tankers as more ultra-low-sulfur marine fuel is required around the globe. Refineries seeking to quench new ultra-low-sulfur fuel demand were expected to ramp up production starting in the second half of 2019 – a period that began a month ago – translating into more demand for crude oil tankers that provide refinery inputs and more demand for product tankers transporting refined outputs to where they're needed. Two U.S.-listed product tanker owners – Scorpio Tankers (NYSE: STNG) and Ardmore Shipping (NYSE: ASC) – reported quarterly results and held conference calls with analysts on July 31.
Scorpio Tankers (STNG) delivered earnings and revenue surprises of 12.68% and -0.05%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
On Wednesday, July 31, Scorpio Tankers (NYSE: STNG ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Analysts covering Scorpio Tankers have modeled ...
Scorpio Tankers (STNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Some pockets of the dry bulk ocean shipping market are rising more slowly than others, but these too are now moving along the same upward trajectory, as seen in the latest quarterly disclosures of Scorpio Bulkers (NYSE: SALT). The BDI's resurgence is primarily fueled by surging charter rates for larger bulkers – Capesizes with a carrying capacity of 100,000 deadweight tons (DWT) or more. Mid-sized bulker sizes such as Ultramaxes (60,000-65,000 DWT) and Kamsarmaxes (82,000-83,000 DWT) carry a wider variety of cargo than Capesizes.
If you're interested in Scorpio Tankers Inc. (NYSE:STNG), then you might want to consider its beta (a measure of share...
To the delight of investors, this leader in the tanker industry has delivered strong results this year. And changes to shipping suggest the run may not be over yet.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 2.6% in the first two months of the second quarter. Ten out of 11 industry groups in the S&P 500 Index lost value in […]
To own both dry bulkers and tankers would theoretically turn off both oil and grain investors who do not want exposure outside their respective interests. The pure play-versus-diversification issue reared its head yet again on June 11, with the announcement that Performance Shipping (NASDAQ: DCIX) – formerly a pure box-shipping company – had bought two tankers.
Could Scorpio Tankers Inc. (NYSE:STNG) be an attractive dividend share to own for the long haul? Investors are often...
The International Maritime Organization will enact a new regulation Jan 1, 2020, with the intention of reducing the global sulfur cap for marine fuels. Scorpio Tankers Inc. (NYSE: STNG ) is likely to benefit, ...
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
New York, NY, based Investment company Tricadia Capital Management, LLC buys Scorpio Tankers Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Tricadia ...
Scorpio Tankers (NYSE: STNG), the largest U.S.-listed owner of product carriers, has reported its first profitable quarter since the second quarter of 2016, as spot rates in its market have improved. Earnings per share of $0.30 came in more than double analyst expectations for earnings of $0.14 per share. Rates for Scorpio's LR2s rose 60 percent, LR1s 77 percent, MRs 16 percent and Handymaxes 38 percent.
The company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share. The results surpassed Wall Street expectations. The average estimate of seven ...
Scorpio Bulkers (NYSE: SALT) has reported better-than-expected first quarter results as it steered largely clear of the rate carnage in the larger vessel classes and benefited from its stake in Scorpio Tankers (NYSE: STNG). Scorpio Bulkers reported a net loss of $3.5 million, or $0.05 per share, and adjusted net income of $4 million (excluding a non-cash write-down), or a gain of $0.08/share. The year started terribly for dry bulk, particularly for owners of so-called ‘Capesize' vessels that are 100,000 deadweight tons (DWT) or larger.
Scorpio Tankers (STNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.