GSA Capital Partners LLP Purchases 50,902 Shares of Scorpio Tankers Inc. $STNG
GSA Capital Partners LLP significantly increased its stake in Scorpio Tankers Inc. (NYSE:STNG) by 414.9% in the fourth quarter, acquiring an additional 50,902 shares. This brings their total holdings to 63,171 shares, valued at approximately $3.21 million. The stock carries a consensus "Moderate Buy" rating with an average target price of $93.17, following an upgrade by Bank of America and stronger-than-expected quarterly earnings which showed a 46.2% year-over-year revenue increase and a $0.45 quarterly dividend announced.
The Bull Case For Scorpio Tankers (STNG) Could Change Following Profit Surge And Aggressive Buybacks – Learn Why
Scorpio Tankers Inc. (STNG) reported a significant jump in first-quarter net income to US$216.26 million, affirmed a quarterly dividend of US$0.45 per share, and continued its aggressive US$830.5 million share buyback program. These actions, alongside new convertible notes and a shelf registration for ESOP-related common stock, underscore a proactive capital structure management. While these moves strengthen the investment narrative by boosting per-share metrics, the company still faces inherent risks from industry cyclicality and potential downturns in product demand.
DNB Asset Management AS Sells 55,722 Shares of Scorpio Tankers Inc. $STNG
DNB Asset Management AS has reduced its stake in Scorpio Tankers Inc. (NYSE:STNG) by 18.2%, selling 55,722 shares and now holding 250,577 shares valued at $12.7 million. Despite this sale, institutional investors own 54.64% of the stock. Scorpio Tankers recently surpassed earnings expectations, and analysts generally maintain a "Moderate Buy" rating with an average price target of $93.17.
Scorpio Tankers (STNG) price target increased by 14.71% to 99.85
The article states that Scorpio Tankers (STNG) has received a price target increase of 14.71%, raising it to 99.85. However, no further details regarding the analyst firm or the rationale behind the adjustment are provided. The content is significantly incomplete, lacking substantial information.
Scorpio Tankers Inc. Common Shares (NY: STNG) Stock Quote
This article provides a stock quote and related news for Scorpio Tankers Inc. (NYSE: STNG). It includes real-time trading data, performance metrics, and a compilation of recent news headlines discussing the company's financial results, analyst opinions, and market performance in the context of rising energy costs and geopolitical events.
Scorpio Tankers (STNG) price target increased by 14.71% to 99.85
This article reports a significant price target increase for Scorpio Tankers (STNG). The target was raised by 14.71% to $99.85. This adjustment suggests a positive outlook from analysts regarding the company's future stock performance.
Scorpio Tankers Inc. Common Shares (NY: STNG
This article provides recent news headlines related to Scorpio Tankers Inc. (NYSE: STNG). It highlights the company's Q1 2021 earnings call transcript, its earnings outlook, and the upcoming earnings report scheduled for May 7, 2021. The article also lists other companies reporting earnings around the same time.
Scorpio Tankers (STNG) price target increased by 14.71% to 99.85
This article reports that the price target for Scorpio Tankers (STNG) has been increased by 14.71%. The new price target is set at 99.85. The article is very short and contains no further details.
Scorpio Tankers (STNG) price target increased by 14.71% to 99.85
This article reports that the price target for Scorpio Tankers (STNG) has been increased by 14.71%, bringing the new target price to 99.85. The article does not provide additional details or reasons for this target adjustment.
Scorpio Tankers raises $248.8M, spends $55M to buy back stock
Scorpio Tankers Inc. (NYSE: STNG) has successfully closed a private offering, raising approximately $248.8 million in net proceeds from additional 1.75% convertible senior notes due 2031. The company used about $55 million of these proceeds to repurchase 649,427 shares of its common stock at $84.69 per share, with the remaining funds allocated for general corporate purposes. These new notes are senior, unsecured obligations and carry an initial conversion price of approximately $100.39 per share, representing a 35% premium above the stock's closing price on April 7, 2026.
Scorpio Tankers (STNG) Valuation Check After Strong 12 Month Share Price And Return Performance
Scorpio Tankers (STNG) has seen strong recent performance, with its stock up 104.0% over the past year. Despite this, the stock is considered slightly undervalued with a fair value estimate of $86.67, compared to its current price of $83.51. The positive outlook is primarily driven by increasing demand for refined petroleum and the resulting need for long-haul product movements, which benefits Scorpio Tankers' operations.
Scorpio Tankers Raises $230 Million via Convertible Notes Reopening and Launches Concurrent Share Buyback
Scorpio Tankers (STNG) recently completed a $230 million reopening of its 1.75% convertible senior notes due 2031, with net proceeds of $248.8 million. Approximately $55 million of these funds were used for share repurchases at $84.69 per share, and the rest for general corporate purposes. This move strengthens the company’s balance sheet with long-dated, low-coupon debt and reflects a disciplined approach to capital management.
[6-K] Scorpio Tankers Inc. Current Report (Foreign Issuer) | STNG SEC Filing - Form 6-K
Scorpio Tankers Inc. (STNG) announced the closing of a private offering for $230.0 million aggregate principal amount of additional 1.75% Convertible Senior Notes due 2031. The company used approximately $55.0 million of the net proceeds to repurchase 649,427 shares of its common stock at $84.69 per share, with the remaining proceeds allocated for general corporate purposes. This filing, a Form 6-K, details the terms of the notes, including interest rates, maturity dates, conversion options, and redemption conditions.
Scorpio Tankers closes $230m convertible notes offering By Investing.com
Scorpio Tankers Inc. has successfully completed a private offering of $230 million in 1.75% convertible senior notes due 2031, which included the full exercise of an option for an additional $30 million. The company repurchased 649,427 shares of common stock for $55 million using a portion of the net proceeds, with the remainder allocated for general corporate purposes. This offering reflects Scorpio Tankers' strong financial standing, as it holds more cash than debt and maintains a high gross profit margin, with analysts indicating the stock may be undervalued.
Scorpio Tankers Inc. Announces Closing of Convertible Senior Notes due 2031 and Concurrent Stock Repurchase
Scorpio Tankers Inc. has announced the closing of a private offering for $230 million in additional 1.75% convertible senior notes due 2031, which included the full exercise of the initial purchaser's option. The offering generated approximately $253.6 million in gross proceeds, with net proceeds of about $248.8 million, a portion of which was used to repurchase 649,427 shares of common stock. The remaining net proceeds will be utilized for general corporate purposes.
The Top 5 Analyst Questions From Scorpio Tankers’s Q1 Earnings Call
Scorpio Tankers exceeded Wall Street expectations in Q1, driven by fleet optimization, vessel sales, and a focus on lowering cash breakevens. Management highlighted strong free cash flow generation and robust tanker rates. This article delves into the top five analyst questions from their earnings call, covering topics like convertible bonds, market disruptions, buyback strategy, long-term charters, and dividend policy.
Scorpio Tankers prices $150M reopening of 1.75% convertible notes due 2031, launches share repurchase
Scorpio Tankers has priced a $150 million reopening of its 1.75% convertible senior notes due in 2031. Concurrently, the company is launching a new share repurchase program, authorizing the buyback of up to $250 million of its common shares. This move aims to manage capital structure and enhance shareholder value.
Scorpio Tankers (NYSE:STNG) Stock Rating Upgraded by Zacks Research
Zacks Research has upgraded Scorpio Tankers (NYSE:STNG) from a "hold" to a "strong-buy" rating, reflecting a generally bullish analyst outlook for the company. This upgrade follows strong quarterly earnings where Scorpio Tankers surpassed expectations with $3.02 EPS and $312.86 million in revenue. The stock's current consensus rating is "Moderate Buy" with an average target price of $93.17, highlighting positive sentiment from various financial institutions.
Scorpio Tankers (NYSE:STNG) Rating Increased to Strong-Buy at Wall Street Zen
Scorpio Tankers (NYSE:STNG) had its rating upgraded from "buy" to "strong-buy" by Wall Street Zen, leading to a "Moderate Buy" consensus from analysts with an average price target of $93.17. The shipping company recently beat quarterly earnings estimates, reporting $3.02 EPS on $312.86 million in revenue, and several institutional investors have increased their holdings. Positive sentiment is also driven by expectations of elevated tanker rates and strong momentum characteristics.
Earnings Beat, Bigger Buyback and New Debt Could Be A Game Changer For Scorpio Tankers (STNG)
Scorpio Tankers Inc. (STNG) reported a significant jump in Q1 net income to US$216.26 million, alongside new convertible senior notes, an increased buyback authorization of US$500 million, and a new credit facility. This announcement underscores the company's focus on strengthening its balance sheet and returning capital to shareholders, reinforcing the near-term investment narrative despite long-term energy transition risks and potential overcapacity concerns. While analysts have varying forecasts, the company's financial health and capital allocation strategies are key discussion points for investors.
Earnings Beat, Bigger Buyback and New Debt Could Be A Game Changer For Scorpio Tankers (STNG)
Scorpio Tankers Inc. (STNG) reported a significant jump in Q1 net income to US$216.26 million, introducing new convertible senior notes, a quarterly dividend, and a US$500 million buyback authorization. This financial maneuvering, along with a new credit facility, strengthens the company's balance sheet and signals a continued focus on returning capital to shareholders. The company's strategy leans on sustained product tanker demand, despite potential risks from an expanding order book and future overcapacity in the market.
Scorpio Tankers (STNG) Launches $200M Convertible Notes Offering
Scorpio Tankers Inc (STNG) announced a private offering of $200 million in 1.75% convertible senior notes due 2031, an increase from its initial $150 million target. Concurrently, the company plans to repurchase 649,427 shares. This move aims to strengthen its balance sheet and capitalize on strong investor confidence, despite its growth rank suggesting near-term expansion challenges.
Scorpio Tankers Inc. Announces Proposed Reopening of 1.75% Convertible Senior Notes due 2031 and Concurrent Stock Repurchase
Scorpio Tankers Inc. (NYSE: STNG) announced its intention to offer $150.0 million in additional 1.75% convertible senior notes due 2031 through a private offering. A portion of the proceeds will be used to repurchase shares of its common stock concurrently with the offering's closing. The notes will mature on April 15, 2031, bear 1.75% annual interest, and are convertible into cash, shares, or a combination thereof under certain conditions.
Scorpio Tankers prices $150M reopening of 1.75% convertible notes due 2031, launches share repurchase
Scorpio Tankers has priced a $150 million reopening of its 1.75% convertible senior notes due 2031 and concurrently launched a share repurchase program. The company intends to use the net proceeds from the offering for general corporate purposes, which may include vessel acquisitions or debt repayment.
Scorpio Tankers raises $220.5M, plans $55M stock buyback
Scorpio Tankers (STNG) has priced a private reopening of its 1.75% convertible senior notes due 2031, raising $220.5 million in gross proceeds by selling an additional $200.0 million of notes. Concurrently, the company plans to repurchase 649,427 shares of its common stock for approximately $55.0 million. This move aims to balance debt with shareholder value, following similar successful financing and buyback strategies in past months.
Scorpio Tankers Inc. Announces Pricing of $200 Million Private Offering of Convertible Senior Notes
Scorpio Tankers Inc. announced the pricing of a private offering for $200 million in 1.75% convertible senior notes due 2031, an increase from its initial target of $150 million. The offering is expected to close on May 12, 2026, and will generate gross proceeds of $220.5 million. The company plans to use approximately $55 million of the net proceeds to repurchase 649,427 shares of common stock, with the remainder allocated for general corporate purposes.
Scorpio Tankers prices $200m convertible notes offering
Scorpio Tankers Inc. has priced a private offering of $200 million in convertible senior notes due 2031, up from an initial $150 million, yielding gross proceeds of $220.5 million. The company will use approximately $55 million of the net proceeds to repurchase 649,427 shares of its common stock, with the remainder allocated for general corporate purposes. This follows the company's strong financial performance, with shares surging 115% over the past year and remaining undervalued according to InvestingPro.
Why Scorpio Tankers is pairing a $150M note sale with share buybacks
Scorpio Tankers (NYSE: STNG) announced plans for a private offering of $150 million in additional 1.75% convertible senior notes due 2031, with an option for an extra $22.5 million. The company intends to use part of the net proceeds to repurchase shares sold short by initial investors, a strategy previously employed that correlated with positive stock performance. The notes are convertible at an initial rate of 9.9615 shares per $1,000 principal, equivalent to a conversion price of approximately $100.39 per share.
Scorpio Tankers plans $150m convertible notes offering
Scorpio Tankers Inc. (NYSE:STNG) announced its intention to offer $150 million in additional 1.75% convertible senior notes due 2031, aiming to use a portion of the proceeds to repurchase common stock. The company's stock has seen a 112% return over the past year and trades near its 52-week high, with InvestingPro analysis suggesting it is undervalued despite strong profit margins. This offering follows recent positive financial results, analyst upgrades, and a new credit facility, highlighting strategic financial moves by the tanker company.
Scorpio Tankers (NYSE:STNG) Upgraded at Bank of America
Bank of America upgraded Scorpio Tankers (NYSE:STNG) from an "underperform" to a "buy" rating, setting a $100 price target, which implies a 21.1% upside. This upgrade follows strong Q1 results where the company exceeded EPS and revenue expectations. Despite the positive analyst sentiment, the stock was down approximately 4.7% on the day of the report.
Scorpio Tankers upgraded by BofA Securities with a new price target
BofA Securities has upgraded Scorpio Tankers (STNG) and set a new price target of $100.00. This upgrade was reported via Quantisnow, a real-time market data platform that aggregates various financial information for retail investors. The article highlights recent analyst ratings for STNG and related company announcements.
Scorpio Tankers raised to Buy at BofA with rates seen staying elevated (STNG:NYSE)
Scorpio Tankers (STNG) received a double upgrade from Bank of America, moving from Underperform to Buy, with a new price target of $100. The upgrade is based on expectations of sustained elevated tanker rates, which are projected to lead to significant cash flows for the company. This comes as global inventories are seen needing to be replenished.
Scorpio Tankers Inc. (NYSE:STNG) Declares $0.45 Quarterly Dividend
Scorpio Tankers (NYSE:STNG) announced a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 and a 2.1% yield. The dividend is supported by a 29.9% payout ratio, with analysts projecting a future payout ratio of 34.4% based on expected next-year EPS of $5.23. The company recently reported strong quarterly results, beating EPS estimates with $3.02 and a 46.2% increase in revenue year-over-year.
Scorpio Tankers (NYSE: STNG) posts strong Q1 2026 results, boosts $500M buyback
Scorpio Tankers Inc. (STNG) reported exceptional first-quarter 2026 results, with net income surging to $216.3 million from $58.2 million year-over-year, driven by strong tanker rates and increased Time Charter Equivalent (TCE) revenue. The company also announced a quarterly dividend of $0.45 per share and significantly increased its share repurchase program to $500.0 million while maintaining robust liquidity. These developments underscore STNG's strong financial health and commitment to shareholder returns amidst an active capital allocation strategy and ongoing fleet management.
Scorpio Tankers Inc. 2026 Q1 - Results - Earnings Call Presentation (NYSE:STNG)
Scorpio Tankers Inc. (STNG) released its Q1 2026 earnings, reporting an EPS of $3.02, beating estimates by $0.31, and revenue of $303.02M, surpassing expectations by $23.22M and showing a 48.39% year-over-year increase. The company published a slide deck in conjunction with its earnings call.
Scorpio Tankers (NYSE:STNG) Price Target Raised to $100.00 at BTIG Research
BTIG Research has increased its price target for Scorpio Tankers (NYSE:STNG) to $100.00 from $85.00, maintaining a "buy" rating, which suggests a potential upside of 16.59%. This update follows Scorpio Tankers' strong quarterly earnings, where the company reported $3.02 EPS against an expected $2.73 and a 46.2% year-over-year revenue increase. The consensus among analysts remains a "Moderate Buy" with an average price target of $88.00.
Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2026, the Declaration of a Dividend and an Increase to its Securities Repurchase Program
Scorpio Tankers Inc. reported a net income of $216.3 million for Q1 2026, or $4.58 per basic share, and announced a quarterly cash dividend of $0.45 per common share. The company also increased its securities repurchase program to $500.0 million and provided updates on recent vessel sales, credit facilities, and convertible notes.
Scorpio Tankers: Q1 Earnings Snapshot
Scorpio Tankers Inc. (STNG) reported strong first-quarter earnings of $216.3 million, or $4.32 per share. Adjusted earnings of $3.02 per share surpassed Wall Street expectations of $2.73 per share. The shipping company also posted revenue of $312.9 million for the period.
Earnings Flash (STNG) Scorpio Tankers Inc. Reports Q1 Revenue $312.9M, vs. FactSet Est of $286.8M
Scorpio Tankers Inc. (STNG) reported Q1 revenue of $312.9 million, surpassing FactSet's estimate of $286.8 million. The company's Q1 adjusted earnings and revenue both increased, with adjusted EPS reaching $3.02 per share against an estimated $2.79. Scorpio Tankers Inc. is a Monaco-based provider in the transportation of refined petroleum products, operating a fleet of 113 tankers.
A Look At Scorpio Tankers (STNG) Valuation After New Credit Facility And US$300 Million Vessel Sales
Scorpio Tankers (STNG) has secured a new credit facility and sold six vessels for US$300 million, contributing to strong stock momentum. The company's valuation narrative suggests it is undervalued at $86.67, driven by balance sheet transformation and potential future earnings growth. However, risks like the product tanker order book and shifts in refined product demand could impact freight rates and margins.
Scorpio Tankers (STNG) Reports Q1: Everything You Need To Know Ahead Of Earnings
Scorpio Tankers (STNG) is set to report its Q1 earnings, with analysts expecting a significant revenue increase of 39.6% year-on-year. The company previously beat revenue and EBITDA expectations in the last quarter. Investor sentiment in the transportation and logistics sector is positive, with Scorpio Tankers' stock showing a 9.1% increase over the past month.
Scorpio Tankers (STNG) Is Up 6.7% After Fleet Reshuffle And New Credit Facility - Has The Bull Case Changed?
Scorpio Tankers (STNG) recently secured a US$50 million credit facility from Bank of America and agreed to sell six older vessels for US$300 million, signaling a strategic fleet reshuffle. These actions aim to enhance financial flexibility and support fleet renewal, aligning with Scorpio Tankers' focus on a cyclical, spot-exposed product tanker business where fleet quality and balance sheet strength are crucial. While these moves strengthen its financial position, the article notes they don't significantly alter the near-term outlook for product tanker rates or key demand-side risks.
BofA raises Scorpio Tankers stock price target on higher rates
BofA Securities has increased its price target for Scorpio Tankers (NYSE:STNG) to $76 from $72, citing higher product tanker rates and the company's buyback program. Despite the "Underperform" rating, InvestingPro analysis suggests the stock is undervalued with a Fair Value of $92.05. The firm also revised its Q2 and full-year 2026 EPS estimates upwards, and the company has recently completed a convertible note offering and sold six vessels for $300 million.
Scorpio Tankers stock reaches 52-week high at 81.9 USD By Investing.com
Scorpio Tankers Inc. (NYSE: STNG) has achieved a 52-week high of $81.85, reflecting a 125% one-year total return and significant gains year-to-date and over six months. This milestone is supported by strong gross profit margins of 65% and recent strategic maneuvers including the sale of six vessels for $300 million and securing a $50 million credit facility. Analysts from Jefferies and BofA Securities have initiated or raised price targets, citing positive industry trends and the company's financial strategies.
Scorpio Tankers (NYSE:STNG) Stock Forecast & Analyst Predictions
Scorpio Tankers (NYSE:STNG) is forecast to see a decline in revenue and earnings, with EPS expected to drop by 5.5% annually. The company's future return on equity is projected at 8.1% in three years. Recent analyst updates show mixed sentiment, with some price targets increasing due to strong product tanker rates and fleet optimization, while others express caution regarding sector cyclicality, capacity, and sanctions risk.
Scorpio Tankers (STNG) Reports Next Week: Wall Street Expects Earnings Growth
Scorpio Tankers (STNG) is projected to announce a significant year-over-year increase in earnings and revenues for the quarter ended March 2026, with an expected EPS of $2.73 and revenues of $291.57 million. The consensus EPS estimate has been revised sharply higher in the last 30 days. Despite a Zacks Rank #3 (Hold) and a 0% Earnings ESP, making a conclusive prediction for an earnings beat difficult, the company has a strong history of exceeding EPS estimates in the past four quarters.
BofA raises Scorpio Tankers stock price target on higher rates By Investing.com
BofA Securities raised its price target on Scorpio Tankers (NYSE:STNG) to $76 from $72, citing higher product tanker rates and the company's $100 million buyback program. Despite maintaining an "Underperform" rating, InvestingPro analysis indicates the stock is undervalued with a Fair Value of $92.05. The firm also increased its Q2 2026 and FY 2026 EPS estimates by 45% and 14%, respectively, reflecting these positive developments and recent vessel sales.
Short Interest in Scorpio Tankers Inc. (NYSE:STNG) Grows By 50.4%
Short interest in Scorpio Tankers Inc. (NYSE:STNG) increased by 50.4% in April, reaching 2,150,651 shares, which represents about 4.5% of the company's stock. The company recently exceeded quarterly earnings expectations, reporting $1.62 EPS against a $1.37 consensus, and raised its quarterly dividend to $0.45 per share. Analysts generally rate STNG as a "Moderate Buy" with an average price target of $85.50, and institutional ownership remains high at 54.64%.
Scorpio Tankers Secures $50 Million Credit Facility for Two LR2 Tankers
Scorpio Tankers Inc. has secured a $50 million credit facility from Bank of America to finance two 2015-built LR2 product tankers, the STI Rose and STI Alexis. This seven-year facility, priced at SOFR plus a 1.20% margin, is expected to close in Q2 2026, enhancing the company's financial flexibility and supporting its fleet optimization strategy. Analysts maintain a Buy rating on STNG stock with a $90.00 price target, and TipRanks’ AI Analyst, Spark, rates STNG as "Outperform" due to strong financial performance and favorable technicals.
Scorpio Tankers (NYSE: STNG) gets $50M facility for two LR2 ships
Scorpio Tankers Inc. has secured a commitment from Bank of America for a new credit facility of up to $50 million. This facility will be used to finance two 2015-built LR2 product tankers, the STI Rose and STI Alexis, with terms similar to the company’s existing credit arrangements, including a seven-year maturity and interest at SOFR plus 1.20% per annum. The closing is anticipated in the second quarter of 2026.
