STNG - Scorpio Tankers Inc.
23.31 -0.02 (-0.10%)
After hours: 4:26PM EST
| Previous Close | 22.66 |
| Open | 22.20 |
| Bid | 23.35 x 800 |
| Ask | 23.27 x 800 |
| Day's Range | 22.19 - 23.69 |
| 52 Week Range | 16.77 - 40.45 |
| Volume | 2,056,024 |
| Avg. Volume | 1,284,581 |
| Market Cap | 1.262B |
| Beta (5Y Monthly) | 1.11 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.63 |
| Earnings Date | Apr 29, 2020 - May 03, 2020 |
| Forward Dividend & Yield | 0.40 (1.77%) |
| Ex-Dividend Date | Nov 21, 2019 |
| 1y Target Est | 42.91 |
- Thomson Reuters StreetEvents
Edited Transcript of STNG earnings conference call or presentation 19-Feb-20 1:30pm GMT
Q4 2019 Scorpio Tankers Inc Earnings Call
- Benzinga
Coronavirus Creates New Demand For Product Tankers
Ocean shipping is awash in bad news, but in at least one segment — product tankers — rates are holding firm despite the coronavirus and other turbulence. Product-tanker spot rates have risen sharply over the past week, continuing a run of strong performance at a time when freight pricing in many other vessel categories has collapsed. "The fourth quarter displayed significantly improved market conditions across all product market segments, showing increased rates at levels not enjoyed since 2015," said Lars Dencker Nielsen, chief commercial officer of product-tanker owner Scorpio Tankers (NYSE: STNG), on the company's quarterly conference call on Wednesday.
- Zacks
Scorpio Tankers (STNG) Q4 Earnings and Revenues Lag Estimates
Scorpio Tankers (STNG) delivered earnings and revenue surprises of -60.34% and -6.81%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2019 and Declaration of a Quarterly Dividend
MONACO, Feb. 19, 2020 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers", or the "Company") today reported its results for the three months and year ended December 31,.
- Zacks
Scorpio Tankers (STNG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
- Zacks
4 Transportation Stocks Likely to Beat Q4 Earnings Estimates
High passenger revenues are likely to have aided the fourth-quarter 2019 performance of most transportation companies.
- GlobeNewswire
Scorpio Tankers Inc. Announces Fourth Quarter 2019 Earnings Release and Conference Call on February 19, 2020
The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information. There will also be a simultaneous live webcast over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com.
- Simply Wall St.
Are Dividend Investors Making A Mistake With Scorpio Tankers Inc. (NYSE:STNG)?
Is Scorpio Tankers Inc. (NYSE:STNG) a good dividend stock? How can we tell? Dividend paying companies with growing...
- MarketWatch
This contrarian stock play is leading to big gains, and the party isn’t close to being over
In August, investor David Marcus made a prescient call, saying shares of marine-shipping companies would soar as the industry prepared for new fuel-emission standards that would go into effect Jan. 2, 2020. Marcus is the CEO of Evermore Global Advisors in Summit, N.J. In an Aug. 7 interview with MarketWatch, he described an unusual scenario: Following several years of painful declines in shippers’ stock prices, as newly ordered ships arrived in time for China’s economic growth to slow and shipping volumes to decline, the industry was poised for a reversal. All of that meant an expected decline in supply, and an increase in day-rates, profit and cash flow for shippers — and investors.
- TipRanks
2 Oil Tanker Stocks to Consider as the Energy Market Heats Up
We’ve all seen the headlines – tensions are high between the US and Iran, and that means world oil traders are getting nervous. Iran itself is no longer a major oil exporter – the result of sanctions, but also years of neglect of oil field maintenance – but the country borders the Persian Gulf and the Strait of Hormuz, major pathways in the global network of water-borne oil transport.The current news, however, comes after a period of sustained gains for oil tankers companies. Since October, stocks in oil tanker companies have been on the rise, held up by a combination of excess demand for services and consequent high rates. The current political instability shows promise of helping the tanker industry. Oil transportation routes tend to lengthen, as operators travel longer distances to avoid potential conflict zones.But the Middle East, while impacting the oil markets and tanker industries, is only one factor to consider – and possibly, not even the most important. Import-export patterns are also changing. In recent months, the US has become a net exporter of crude oil, while China is increasing imports. The result is bound to be good for tanker companies.Wall Street’s analysts are taking note of the potential in oil tankers. Investment firm B. Riley FBR has released a report on tanker stocks, outlining the sector’s likely trajectory and highlighting several stocks that are on track to benefit. 4-star analyst Liam Burke, who compiled the report, is an expert on the energy industry, especially the oil sector.In this article, we look at two Strong Buy tanker stocks that Burke notes in his report. We used the Stock Comparison tool to look at them side-by-side. Here are the results.Scorpio Tanker (STNG)First on our list is Scorpio, a mid-cap operator with a fleet of 124 owned or financed vessels along with 10 chartered carriers. The fleet includes both tankers and Handymax container ships. The bulk of the fleet – 110 vessels – is made up of tankers. STNG showed a pattern similar to INSW above – cyclical losses in recent quarterly reports, coinciding with a 31% gain in the second half of 2019.The recent quarterly losses were steep, but not as bad as in previous year. The 92 cent EPS loss was worse than the 89 cents predicted; but one year earlier, STNG lost $2.10 in Q3. Revenues also missed the forecast, by 3.36%, and came in at $134.01 million. This compared favorably to Q3 2018, however, rising by $14.73 million.The gain in revenues mitigated the seasonal loss, and STNG used higher revenues to maintain its dividend payment, including a fifth ‘special’ payout during 2019. The current regular dividend, 10 cents per share, annualizes to 40 cents and shows a yield of 1%. While this in only half the yield found on average in the broader markets, a reliable dividend payment helps keep a stock attractive despite inconsistent earnings.Liam Burke was not disturbed by the Q3 loss. In fact, he raised his price target on the stock by 37%, to $55 while maintaining his Buy rating. In his comments, Burke wrote, “The company grew its efficient, modern fleet with the acquisition of 19 additional product tanker vessels during 3Q19 and improves its global positioning in a favorable macro environment. Scorpio's investment in scrubbers provides a further cost advantage… to meet environmental standards and should further increase the intrinsic value of its product tanker assets.”Burke’s new price target implies room for an impressive 43% growth to the upside. (To watch Burke’s track record, click here)Scorpio holds a Strong Buy from the analyst consensus, with just a single Hold overbalanced by 4 Buys. Shares are selling for $38.38, and the average price target of $43.40 suggests room for 13% upside growth over the coming year. (See Scorpio’s stock analysis at TipRanks)Nordic American Tanker (NAT)The second stock on our list is Nordic American, a Bermuda-based company operating 23 Suezmax tankers. The fleet averages 11.2 years in age. Nordic showed strong share gains in the last quarter of 2019, getting support from increases in the daily market rates for tanker operations. With rates climbing over $70,000 per day for Suezmax ships, the tanker industry is experiencing a true boom. NAT shares gained 110% in 2H19, and have started 2020 with a 1.22% gain to date.Once again, the gains came while the company experienced cyclical losses. Q3 2019, the most recent reported, showed an EPS loss for NAT of 10 cents per share, worse than the 6 cents expected. Once again, revenues showed a significant gain year-over-year. The $32.35 million reported was 39% higher than the $23.19 million reported one year earlier.Normal industry cyclicity, along with continued high tanker rates, bode well for the tanker industry going forward. Capacity is tight, and combined with geopolitical tensions are holding rates at the high levels they reached last fall. The largest crude carriers can charge rates of $78,000 or more, while smaller Aframax ships charge rates starting at $80,000. Break-even rates in the industry range between $10,000 and $20,000 per day.Riley’s Burke sees Nordic as well positioned to take advantage of the high rates in today’s tanker environment. He writes of the company, “The nature of NAT's homogeneous Suezmax fleet helps increase fleet utilization and maximize the upside leverage in a rising rate environment. In addition, the operating flexibility of a homogeneous fleet provides high service levels and improves relationships with its existing oil company customers.”Burke raised his price target on NAT from $4.75 to $7.50, and gave the stock a Buy rating. His new target suggests a strong 50% upside from current levels. (To watch Burke’s track record, click here)Nordic’s Moderate Buy consensus rating is based on three reviews, 2 Buys and 1 Hold. The stock has a low cost of entry, especially considering the high upside potential; shares are priced at $4.98 and the $6.63 average target implies a 33% upside. (See Nordic American’s stock analysis at TipRanks)
- Benzinga
Q&A: Scorpio's Bugbee On "Prexit," 2020 Outlook And Stock Rebound
As former president of OMI Corporation, he was part of a management team that pulled off a contender for "shipping deal of the century." OMI bought back 35% of its stock then sold the company at the peak of the boom in April 2007 for $2.2 billion to Teekay Corp. (NYSE: TK) and Torm (NASDAQ: TRMD). OMI shareholders including Bugbee walked away rich, while Teekay and Torm were stuck with fleets that collapsed in value amidst the 2008-09 financial crisis.
- Insider Monkey
Hedge Funds Are Crazy About Scorpio Tankers Inc. (STNG)
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
- Thomson Reuters StreetEvents
Edited Transcript of STNG earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 Scorpio Tankers Inc Earnings Call
- GlobeNewswire
Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 124 product tankers (42 LR2 tankers, 12 LR1 tankers, 56 MR tankers and 14 Handymax tankers) with an average age of 3.9 years and bareboat charters-in 10 product tankers (three MR tankers and seven Handymax tankers).
- Simply Wall St.
Did Scorpio Tankers's (NYSE:STNG) Share Price Deserve to Gain 73%?
Scorpio Tankers Inc. (NYSE:STNG) shareholders have seen the share price descend 12% over the month. While that might...
- Benzinga
Shipping Earnings Roundup: Here Come The Dividends
In the recent flood of earnings reports by U.S.-listed ocean shipping companies, common themes have risen to the surface: Third-quarter results are still in the red and weaker than expected, earnings are being impaired by out-of-service time due to exhaust-gas scrubber installations, rates are up sharply in the fourth quarter – and most importantly, as sentiment brightens, dividends are now back in vogue. "We think the reemergence of dividends will become a major theme in shipping equity markets over the next 12 months as companies institute and grow payouts in response to firming day rates and cleaned-up balance sheets across the group," asserted Amit Mehrotra, transportation analyst of Deutsche Bank, in a new client note. Dry bulk owner Genco Shipping & Trading (NYSE: GNK) has just announced instituted a regular dividend of $0.175 per quarter – its first regular dividend since 2008 – plus a special dividend of $0.325 per share.
- GlobeNewswire
Scorpio Tankers Inc. Announces Launch of $100 Million At the Market Share Issuance Program
Scorpio Tankers Inc. (STNG) (the “Company”) announced today that it has launched its previously announced “at the market” offering program (the “Program”) pursuant to which the Company may sell up to $100 million of its common shares, par value $0.01 per share. The Company has entered into an equity distribution agreement, dated November 7, 2019 (the “Sales Agreement”), with BTIG, LLC, as sales agent (the “Agent”). In accordance with the terms of the Sales Agreement, the Company may offer and sell its common shares at any time through the Agent by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices, in block transactions, or as otherwise agreed upon by the Agent and the Company.
- Zacks
Scorpio Tankers (STNG) Reports Q3 Loss, Lags Revenue Estimates
Scorpio Tankers (STNG) delivered earnings and revenue surprises of -3.37% and -3.36%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2019 and Declaration of a Quarterly Dividend
MONACO, Nov. 07, 2019 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers", or the "Company") today reported its results for the three and nine months ended September 30,.
- Zacks
Scorpio Tankers (STNG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
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.
- Insider Monkey
Scorpio Tankers Inc. (STNG): Hedge Funds Are Snapping Up
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
- GlobeNewswire
Scorpio Tankers Inc. Announces Third Quarter 2019 Earnings Release and Conference Call on November 7, 2019
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, November 7, 2019, the Company plans to issue its third quarter 2019 earnings in the morning (Eastern Standard Time) and host a conference call at 8:30 AM Eastern Standard Time and 2:30 PM Central European Time. The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information. There will also be a simultaneous live webcast over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com.
- Benzinga
Scorpio Slowly Begins Separating Its Conjoined Twins
The Scorpio family of companies is not yet ready for the full procedure on its conjoined sisters, but it's taking the first step toward the operating table. If you owned the stock of Scorpio Bulkers (NYSE: SALT) as of Oct. 9, 2018, you were suddenly told you had adopted ownership in related-party Scorpio Tankers (NYSE: STNG). On that evening, Scorpio Bulkers bought an 11% stake in Scorpio Tankers for $100 million in cash.
- Zacks
Scorpio Tankers (STNG) Expected to Beat Earnings Estimates: Should You Buy?
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.
