Scorpio Tankers: 2024 Is On Pace To Be Another Transformational Year [Seeking Alpha]
Scorpio Tankers Inc. Common Shares (STNG)
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am
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US:NYSE Investor Relations:
scorpiotankers.com/investors/shareholder-services/stock-price-information
Company Research
Source: Seeking Alpha
The refined product shipping industry will remain supply constrained for the next three to four years. Scorpio Tankers will achieve multiple expansion as it achieves debt targets and can allocate over $600 million per year to shareholder returns. Scorpio should realize over 30% total returns as this multiple expansion is realized. Thesis Scorpio Tankers ( NYSE: STNG ) is a shipper of refined products such as gasoline, jet fuel, kerosene, and naphtha. Multiple market disruptions such as draughts in the Panama Canal, attacks in the Red Sea, and Russian sanctions, have caused global realignment of these trade flows, which in turn, has increased the international shipping demand for these products. Additionally, the world has become more polarized in terms of who deems refinery business acceptable in their country and who does not. This polarization and new interferences are driving up ton-miles in an industry that is supply constrained. This is a result of underinvestment as w
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STNG
News
- Scorpio Tankers: Skyrocketing Rates, Lower Cash Breakeven, Shares Trading Below NAV [Seeking Alpha]Seeking Alpha
- Scorpio Tankers Inc. Announces That on May 9, 2024, the Company Plans to Issue Its First Quarter 2024 Results and Have a Conference CallGlobeNewswire
- Scorpio Tankers' (NYSE:STNG) earnings growth rate lags the 61% CAGR delivered to shareholders [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Transportation Stocks Now [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers (STNG) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
STNG
Earnings
- 2/14/24 - Beat
STNG
Sec Filings
- 4/19/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/2/24 - Form 144
- STNG's page on the SEC website