
Scorpio Tankers (STNG) Stock Forecast & Price Target
Scorpio Tankers (STNG) Analyst Ratings
Bulls say
Scorpio Tankers Inc. operates a modern and eco-friendly fleet that is well-positioned in the petroleum transportation market, primarily generating revenue from its LR2 segment. Recent improvements in spot rates and the company's strong bookings suggest a positive trajectory for earnings, with recent reports indicating performance that exceeded market expectations. Additionally, the combination of strong cash flow generation and a strategic market position amidst supply constraints reinforces the outlook for enhanced utilization and rate improvements, positioning Scorpio favorably against competitors.
Bears say
Scorpio Tankers Inc. reported fourth-quarter earnings of $0.63 per share, which, while beating market expectations, was slightly below the company's own estimates, indicating potential earnings pressure as the first quarter EPS is forecasted to decline to $1.10 from a previous $1.55. The company faces continued headwinds in 2024, primarily due to falling product tanker earnings from prior highs and concerns regarding decreasing asset values, compounded by anticipated normalization of trade in the Red Sea and Russia. Additionally, the substantial drop in earnings from Handymax and MR segments, characterized by bookings well below expectations, further highlights the challenging environment Scorpio Tankers is navigating.
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
Start investing in Scorpio Tankers (STNG)
Order type
Buy in
Order amount
Est. shares
0 shares