For its third fiscal quarter (ending September 30), Scorpio Tankers Inc (NYSE: STNG) has reported a 65% increase in E.P.S. from $2.01 a year ago to $3.31 in the current quarter. For the latest four quarters through September 30, E.P.S. were $14.61 compared to $12.74 a year ago — an increase of 15%.
Recent Price Action
Scorpio Tankers Inc (NYSE: STNG) stock closed at $59.32 on 10/29/24 after a decline of -2.7%. Moreover, exceptionally high trading volume at 394% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -10.9% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Scorpio Tankers has a good Appreciation Score of 80 but a neutral Power Rating of 41, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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