Scorpio Tankers Inc (NYSE: STNG) has reported earnings for its second fiscal quarter (ending June 30) of $4.54 versus $2.50 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $13.28 compared to $15.51 a year ago.
Recent Price Action
Scorpio Tankers Inc (NYSE: STNG) stock enjoyed a large increase of 3.2% on 7/30/24. The stock closed at $76.87. Moreover, trading volume in this advance was unusually high at 164% of normal. The stock has declined -0.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Scorpio Tankers has a good Appreciation Score of 75 and a very high Power Rating of 96, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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