The price-to-earnings ratio for Scorpio Tankers Inc (NYSE: STNG) is 5.24x, which is above its average ratio. Moreover, the 36-month beta value for STNG is 0.14. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for STNG is 45.81M and currently, short sellers hold a 6.68% of that float. On October 16, 2024, STNG’s average trading volume was 764.73K shares.
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STNG) stock’s latest price update
Scorpio Tankers Inc (NYSE: STNG)’s stock price has decreased by -4.10 compared to its previous closing price of 69.55. However, the company has seen a -8.43% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-03 that Scorpio Tankers is undervalued despite a 43% growth, with strong financials, low debt, and favorable market conditions, making it a “Buy”. High TCE rates and operational efficiencies led to significant revenue and net income growth, with management optimistic about short-to-medium-term prospects. The company is reducing debt, optimizing operations, and repurchasing shares, aiming to enhance cash flow and shareholder value amid a high-rate environment.
STNG’s Market Performance
Scorpio Tankers Inc (STNG) has seen a -8.43% fall in stock performance for the week, with a -2.88% decline in the past month and a -11.99% plunge in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.10% for STNG. The simple moving average for the past 20 days is -6.00% for STNG’s stock, with a -7.81% simple moving average for the past 200 days.
Analysts’ Opinion of STNG
Many brokerage firms have already submitted their reports for STNG stocks, with BofA Securities repeating the rating for STNG by listing it as a “Neutral.” The predicted price for STNG in the upcoming period, according to BofA Securities is $45 based on the research report published on July 21, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see STNG reach a price target of $55. The rating they have provided for STNG stocks is “Buy” according to the report published on June 30th, 2023.
JP Morgan gave a rating of “Overweight” to STNG, setting the target price at $87 in the report published on March 08th of the previous year.
STNG Trading at -5.89% from the 50-Day Moving Average
After a stumble in the market that brought STNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.22% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -4.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.10% lower at present.
During the last 5 trading sessions, STNG fell by -8.43%, which changed the moving average for the period of 200-days by +9.69% in comparison to the 20-day moving average, which settled at $70.96. In addition, Scorpio Tankers Inc saw 9.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STNG starting from Lauro Filippo, who proposed sale 250,000 shares at the price of $72.65 back on Oct 04 ’24. After this action, Lauro Filippo now owns shares of Scorpio Tankers Inc, valued at $18,162,500 using the latest closing price.
Stock Fundamentals for STNG
Current profitability levels for the company are sitting at:
- 0.54 for the present operating margin
- 0.62 for the gross margin
The net margin for Scorpio Tankers Inc stands at 0.47. The total capital return value is set at 0.2. Equity return is now at value 24.77, with 15.93 for asset returns.
Based on Scorpio Tankers Inc (STNG), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.94. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 4.53.
Currently, EBITDA for the company is 906.14 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 3.08. The receivables turnover for the company is 6.15for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
To wrap up, the performance of Scorpio Tankers Inc (STNG) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
