
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. operates a modern and eco-friendly fleet, primarily generating revenue from its LR2 vessels, which positions the company favorably in the marine transportation sector for petroleum products. The expectation of rising product tanker rates, as the market approaches the peak winter earnings period following refinery maintenance, indicates positive financial momentum for the company. Additionally, increased OPEC+ crude exports are anticipated to drive higher refinery runs, further benefiting Scorpio Tankers through improved seaborne transportation demand.
Bears say
Scorpio Tankers Inc. has demonstrated a lack of significant share price growth, with an increase of only 7% this year, which raises concerns about the effectiveness of its current valuation strategy despite strong operating performance. The company's recent conservative approach to shareholder returns, aimed at paying off long-term obligations, may hinder investor confidence and attractiveness in the near term. Additionally, fluctuations in oil volumes pose risks that could materially impact charter rates, thus increasing uncertainty in revenue generation moving forward.
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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