Can Scorpio Tankers Stock (NYSE:STNG) Regain Momentum as the Industry Booms? [Yahoo! Finance]
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
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Source: Yahoo! Finance
However, while the share price is flattening, the tailwinds that propelled this crude oil and petroleum transporter (and the industry as a whole) to where we are today are continuing. Day rates (leasing rates) remain elevated, and the industry appears to be at the start of a multi-year supercycle whereby supply can't keep up with demand. Thus, I'm bullish on Scorpio Tankers. Scorpio Tankers and the Multi-Year Supercycle Experts had been warning for several years that the tanker industry was building too few vessels. Just two new supertankers are set to join the global fleet in 2024. That's the fewest additions in nearly 40 years and around 90% below the yearly average this millennium. One reason for this is the pandemic. The disruption caused by the virus, the associated lockdowns, and shifting demand dynamics created uncertainty within the tanker industry. New orders were put on hold while many shipyards closed — some permanently. In fact, the number of shipyards has fallen fro
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News
- WEBINAR INVITATION | Scorpio Tankers Inc. (NYSE: STNG) Live Webinar on Monday, May 20, 2024, at 11:00 am ETGlobeNewswire
- Scorpio Tankers Inc. Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. (NYSE: STNG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Scorpio Tankers Inc. (NYSE:STNG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. (NYSE: STNG) had its price target raised by analysts at Bank of America Co. from $76.00 to $82.00. They now have a "neutral" rating on the stock.MarketBeat
STNG
Earnings
- 5/9/24 - Miss
STNG
Sec Filings
- 5/13/24 - Form 144
- 5/9/24 - Form 6-K
- 4/19/24 - Form 6-K
- STNG's page on the SEC website