|Bid||33.53 x 1300|
|Ask||37.81 x 1800|
|Day's Range||34.65 - 36.85|
|52 Week Range||14.80 - 36.85|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.40 (1.16%)|
|1y Target Est||38.55|
NEW YORK, Oct. 07, 2019 -- Senior executives from leading publicly listed product tanker, crude oil tanker, and LNG shipping companies will discuss the trends, developments and.
Scorpio Tankers Inc. (STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options on 100,000 common shares (or 1,000 call option contracts) of the Company with a strike price of $33.00 and an expiration of January 2020 for the consideration of $265,000. 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 3.7 years and bareboat charters-in 10 product tankers (three MR tankers and seven Handymax tankers).
MONACO, Sept. 27, 2019 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that it has closed the previously announced acquisition of.
NEW YORK, Sept. 24, 2019 -- Capital Link’s 11th Annual New York Maritime Forum will take place on Tuesday, October 15, 2019 at The Metropolitan Club, New York City. The Forum.
Scorpio Tankers has agreed to acquire Trafigura subsidiaries that have leasehold interests in 19 ships in an all-share transaction worth $803 million, the companies said on Tuesday. The deal is the latest move by commodities trader Trafigura to convert its investments in ship leases and ships that transport its commodities into shares of shipping companies. Under the agreement, Scorpio Tankers will take over the roughly $668 million principal balance on the leases and cover monthly costs for the 19 oil products tankers - four of which are still under construction - held in subsidiaries of Trafigura's wholly owned Trafigura Maritime Logistics.
Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it intends to establish an “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 expects to enter into an equity distribution agreement with a sales agent that has been identified by the Company, pursuant to which sales of the Company’s common shares may be made from time to time in transactions by means of ordinary broker transactions through the New York Stock Exchange or in negotiated transactions at market prices prevailing at the time of sale or as otherwise negotiated prices, or as otherwise agreed with the sales agent. Sales of the Company’s common shares under the Program, if any, will be made pursuant to the Company’s effective shelf registration statement on Form F-3 (File No. 333-230469) by means of a prospectus supplement to be filed by the Company. The Company intends to use the net proceeds from any sales under the Program for general corporate and working capital purposes.
The acquisition of the leasehold interest in the Vessels includes a finance lease arrangement (see description below) with a financial institution under a bareboat contract arrangement. The aggregate value of the Vessels is $803 million, and after the assumption of the present value of the finance lease arrangement of approximately $668 million, the Company will issue approximately 4.7 million shares at $29.00 per share to Trafigura for an aggregate market value of approximately $135 million. The above-mentioned shares will be subject to a customary lock-up through December 31, 2019.
Scorpio Tankers Inc. (NYSE:STNG) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...
NEW YORK, Aug. 19, 2019 -- Capital Link’s 12th Annual Shipping & Marine Services Forum will take place on Tuesday, September 10, 2019 at 116 Pall Mall in London. It is.
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?
MONACO, July 31, 2019 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers", or the "Company") today reported its results for the three and six months ended June 30, 2019..
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.
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Wednesday, July 31, 2019, the Company plans to issue its second quarter 2019 earnings in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer 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.
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 […]