While Scorpio Tankers Inc has underperformed by -0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STNG fell by -38.63%, with highs and lows ranging from $84.67 to $40.73, whereas the simple moving average fell by -36.94% in the last 200 days.
On October 23, 2024, Stifel Downgraded Scorpio Tankers Inc (NYSE: STNG) to Hold. A report published by BofA Securities on July 21, 2023, Downgraded its rating to ‘Neutral’ for STNG. Deutsche Bank also Upgraded STNG shares as ‘Buy’, setting a target price of $55 on the company’s shares in a report dated June 30, 2023. JP Morgan Initiated an Overweight rating on March 08, 2023, and assigned a price target of $87. Deutsche Bank October 11, 2022d its ‘Sell’ rating to ‘Hold’ for STNG, as published in its report on October 11, 2022. Jefferies’s report from July 21, 2022 suggests a price prediction of $47 for STNG shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Scorpio Tankers Inc (STNG)
Investors in Scorpio Tankers Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.60 per share. Further, the quarter-over-quarter decrease in sales is -39.35%, showing a negative trend in the upcoming months.
One of the most important indicators of Scorpio Tankers Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 24.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and STNG is recording 979.86K average volume. On a monthly basis, the volatility of the stock is set at 4.24%, whereas on a weekly basis, it is put at 3.36%, with a loss of -4.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $67.83, showing growth from the present price of $40.76, which can serve as yet another indication of whether STNG is worth investing in or should be passed over.
How Do You Analyze Scorpio Tankers Inc Shares?
The Oil & Gas Midstream market is dominated by Scorpio Tankers Inc (STNG) based in the Monaco. When comparing Scorpio Tankers Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.12, there is a growth in quarterly earnings of -38.92%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
