<div id="readability-page-1"><p>Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) has earned a consensus rating of &#34;Moderate Buy&#34; from the eight brokerages that are presently  covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have assigned  a buy rating and one  has given a strong buy rating to  the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.20.</p><div><p><span></span><span>Get <strong>Scorpio Tankers</strong> alerts:</span></p></div><ul><li>This Freight Stock Just Got an Upgrade and Institutional Buyers</li></ul><p>Several research firms recently weighed in on STNG. Zacks Research downgraded Scorpio Tankers from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, October 17th. Jefferies Financial Group  reaffirmed a &#34;buy&#34; rating and set a $70.00 price objective on shares of Scorpio Tankers in a research note on Thursday, October 30th. Bank of America cut their price objective on shares of Scorpio Tankers from $73.00 to $67.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, December 1st. Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Scorpio Tankers in a report on Monday, December 15th. Finally, B. Riley  reaffirmed a &#34;buy&#34; rating and set a $80.00 price target (up previously from $75.00) on shares of Scorpio Tankers in a research report on Thursday, October 16th.</p><p><b>Check Out Our Latest Stock Analysis on STNG</b></p><h2>Scorpio Tankers Stock Up 0.4%</h2><ul><li>Three Mid Caps Wall Street Sees Doubling Within 12 Months</li></ul><p>STNG stock opened at $51.01 on Thursday. The company has a 50 day moving average price of $57.95 and a two-hundred day moving average price of $51.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.75 and a current ratio of 4.81. The stock has a market capitalization of $2.60 billion, a P/E ratio of 8.63 and a beta of -0.30. Scorpio Tankers has a one year low of $30.63 and a one year high of $65.52. </p><p>Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The shipping company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.10. The company had revenue of $232.92 million for the quarter, compared to analyst estimates of $228.09 million. Scorpio Tankers had a return on equity of 7.42% and a net margin of 32.01%.The business's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS.  As a group, sell-side analysts expect that  Scorpio Tankers will post 5.29 EPS for the current year. </p><h2>Scorpio Tankers Increases Dividend</h2><ul><li>Oil Tankers Boost Dividends, See Continued Robust Business In '23</li></ul><p>The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a $0.42 dividend. This is an increase from Scorpio Tankers's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. Scorpio Tankers's dividend payout ratio  is 28.43%. </p><h2>Institutional Investors Weigh In On Scorpio Tankers</h2><p>Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in shares of  Scorpio Tankers by 110.3% in the third quarter. SBI Securities Co. Ltd. now owns 469 shares of the shipping company's stock valued at $26,000 after acquiring an additional 246 shares in the last quarter.  Clearstead Advisors LLC lifted its position in  Scorpio Tankers by 67.9% in the third quarter. Clearstead Advisors LLC now owns 507 shares of the shipping company's stock worth $28,000 after purchasing an additional 205 shares during the period.  Spire Wealth Management lifted its position in  Scorpio Tankers by 77.1% in the second quarter. Spire Wealth Management now owns 758 shares of the shipping company's stock worth $30,000 after purchasing an additional 330 shares during the period.  Nomura Asset Management Co. Ltd. boosted its stake in  Scorpio Tankers by 143.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the shipping company's stock valued at $31,000 after purchasing an additional 460 shares in the last quarter.  Finally, GAMMA Investing LLC increased its position in shares of  Scorpio Tankers by 206.1% during the 2nd quarter. GAMMA Investing LLC now owns 854 shares of the shipping company's stock valued at $33,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own  54.64% of the company's stock. </p><h2>Scorpio Tankers Company Profile</h2> (Get Free Report)<p>Scorpio Tankers Inc <span>NYSE: STNG<span></span></span> is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability. </p><p>The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.</p><h2>Read More</h2><ul><li>Five stocks we like better than Scorpio Tankers</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNUTkc?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNUTkc"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Scorpio Tankers Right Now?</h2><p>Before you consider Scorpio Tankers, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scorpio Tankers wasn't on the list.</p><p>While Scorpio Tankers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

STNG

<p>Scorpio Tankers Inc. (NYSE:STNG) has received a consensus "Moderate Buy" rating from eight brokerages. The stock has an average 12-month target price of $69.20. Recent ratings include a downgrade by Zacks Research to "hold" and reaffirmed "buy" ratings from Jefferies and B. Riley. The company reported quarterly earnings of $1.49 per share, surpassing estimates. Scorpio Tankers also increased its quarterly dividend to $0.42, yielding 3.3%. Institutional investors have been adjusting their stakes in the company.</p>

Scorpio Tankers Inc. (NYSE:STNG) Receives Consensus Rating of "Moderate Buy" from Brokerages