For its first fiscal quarter (ending March 31), Scorpio Tankers Inc (NYSE: STNG) has reported a 26% increase in E.P.S. from $3.40 a year ago to $4.29 in the current quarter. This performance was $2.02 better than the consensus estimate of $2.27. E.P.S. were $11.23 for the latest four quarters through March 31 versus $16.42 for the same period a year ago — a decline of -32%.
Recent Price Action
On 5/9/24, Scorpio Tankers Inc (NYSE: STNG) stock increased 1.7%, closing at $76.75. Moreover, unusually high trading volume at 174% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, STNG is expected to continue to be a major Value Builder.
Scorpio Tankers has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Scorpio Tankers has a good Appreciation Score of 71 and a very high Power Rating of 98, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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