
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. boasts a modern and eco-friendly fleet, positioning itself as one of the largest product tanker companies globally, which enhances its market presence and operational efficiency. The company anticipates improved spot rates and has experienced stronger bookings, indicative of robust demand dynamics and a favorable pricing environment for its LR2 segment, which constitutes the majority of its revenue. Additionally, with strong cash flow generation and a strategic advantage from recent sanctions affecting the competitiveness of its fleet, Scorpio Tankers is well-positioned for a positive trajectory in the upcoming quarters.
Bears say
Scorpio Tankers Inc. reported fourth-quarter earnings of $0.63 per share, slightly below the analyst estimate of $0.67, and projected a decline in first-quarter earnings per share to $1.10 from a prior $1.55. The company faces significant pressures in 2024 due to anticipated downward trends in product tanker earnings, linked to the normalization of trade in areas such as the Red Sea and Russia. With spot earnings showing declines across the fleet and a potential decrease in asset values, Scorpio Tankers is positioning itself in a challenging environment, exacerbated by shrinking voyage lengths and lower booking rates for key vessel segments.
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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