
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. is well-positioned for growth due to its leading market position in the petroleum product transportation sector, with a focus on eco-friendly vessels that enhance operational efficiency. The company's recent guidance indicates improved spot rates and stronger bookings for its LR2 segment, contributing to optimistic cash flow projections. Additionally, a constrained supply environment, influenced by sanctions affecting fleet capacity, is expected to drive firmer rates, further bolstering Scorpio's competitive advantage and financial performance in the coming quarters.
Bears say
Scorpio Tankers Inc. reported fourth-quarter earnings of $0.63 per share, which, while above analyst expectations, represented a decline from prior estimates, reflecting a reduced outlook for the first quarter's earnings per share at $1.10, down from $1.55. The overall product tanker sector is anticipated to experience downward pressure due to factors such as the normalization of trade routes and the impact of falling asset values, leading to a decline in average spot earnings across Scorpio's fleet. Notably, the company's bookings for MRs and Handys have weakened significantly, with average daily rates falling considerably, which raises concerns regarding profitability and market demand for its vessels.
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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