The price-to-earnings ratio for Scorpio Tankers Inc (NYSE: STNG) is above average at 4.86x, Company’s 36-month beta value is 0.14.Analysts have differing 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 48.92M, and currently, short sellers hold a 6.26% ratio of that floaft. The average trading volume of STNG on October 23, 2024 was 734.22K shares.
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STNG) stock’s latest price update
Scorpio Tankers Inc (NYSE: STNG)’s stock price has gone decline by -4.57 in comparison to its previous close of 64.76, however, the company has experienced a -7.55% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-22 that Scorpio Tankers (STNG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
STNG’s Market Performance
STNG’s stock has fallen by -7.55% in the past week, with a monthly drop of -12.96% and a quarterly drop of -15.87%. The volatility ratio for the week is 1.96% while the volatility levels for the last 30 days are 2.10% for Scorpio Tankers Inc The simple moving average for the past 20 days is -11.33% for STNG’s stock, with a -14.66% simple moving average for the past 200 days.
Analysts’ Opinion of STNG
BofA Securities, on the other hand, stated in their research note that they expect to see STNG reach a price target of $45, previously predicting the price at $60. The rating they have provided for STNG stocks is “Neutral” according to the report published on July 21st, 2023.
Deutsche Bank gave a rating of “Buy” to STNG, setting the target price at $55 in the report published on June 30th of the previous year.
STNG Trading at -11.53% 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 -27.01% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -11.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.74% lower at present.
During the last 5 trading sessions, STNG fell by -7.66%, which changed the moving average for the period of 200-days by -2.28% in comparison to the 20-day moving average, which settled at $69.70. In addition, Scorpio Tankers Inc saw 1.64% 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 2.89. 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
In a nutshell, Scorpio Tankers Inc (STNG) has experienced a mixed performance in recent times. The stock has received mixed “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.
