
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. benefits from a leading market position as one of the largest product tanker companies globally, which allows for improved vessel utilization and more favorable rates in comparison to competitors. The company has reported stronger earnings, with a significant uptick in spot rates and a projected rise in bookings for its LR2 vessels, indicative of robust cash flow generation. Additionally, ongoing geopolitical factors, such as recent US sanctions impacting fleet availability, are set to further strengthen the market dynamics for Scorpio Tankers, supporting a positive outlook for the company’s financial performance.
Bears say
Scorpio Tankers reported fourth-quarter earnings of $0.63 per share, exceeding analysts' expectations but falling short of the company's own estimates, highlighting a negative trend in earnings projections with the first-quarter EPS forecast dropping to $1.10 from a previous $1.55. The report indicated a sector-wide decline in product tanker earnings, with fourth-quarter spot earnings reflecting the softest performance of the year and showing a marked decrease across the fleet, particularly in the Handymax segment. Concerns about falling asset values and reduced voyage lengths due to changing trade patterns in the Red Sea and Russia contribute to the pessimistic outlook for Scorpio Tankers' stock performance in the near future.
This aggregate rating is based on analysts' research of Scorpio Tankers and is not a guaranteed prediction by Public.com or investment advice.
Scorpio Tankers (STNG) Analyst Forecast & Price Prediction
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