
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. is poised for a positive financial outlook due to its eco-friendly fleet, which actively participates in the transportation of refined petroleum products and is set to benefit from anticipated increases in product tanker rates amid rising OPEC+ crude exports. The company has shown resilience in its earnings, evidenced by sustained EBIT margins on the higher end of its peer group and a recent increase in its quarterly dividend from $0.40 to $0.42 per share, indicating a commitment to shareholder returns while strengthening its balance sheet. Additionally, the forecasted 11% growth in the LR2 fleet and a recovering earnings environment point towards an upward trajectory for Scorpio Tankers in the upcoming quarters.
Bears say
Scorpio Tankers Inc has had a disappointing share price performance this year, with gains of only 7%, which does not reflect its operating performance compared to peers. The company's conservative approach to shareholder returns, focused on long-term payoffs, could limit immediate financial flexibility, negatively influencing investor sentiment. Additionally, the company's reliance on volatile oil market conditions, which can significantly affect charter rates, adds an element of uncertainty that could adversely impact future earnings projections and vessel valuations.
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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