In a report released on May 10, Gregory Lewis from BTIG maintained a Buy rating on Scorpio Tankers (STNG – Research Report), with a price target of $95.00. The company’s shares closed last Friday at $77.82.
Lewis covers the Energy sector, focusing on stocks such as Tidewater, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of 0.3% and a 45.73% success rate on recommended stocks.
Scorpio Tankers has an analyst consensus of Strong Buy, with a price target consensus of $88.50, which is a 13.72% upside from current levels. In a report released on May 10, Deutsche Numis also maintained a Buy rating on the stock with a $87.00 price target.
STNG market cap is currently $4.13B and has a P/E ratio of 7.22.
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Scorpio Tankers (STNG) Company Description:
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.
Read More on STNG:
- Scorpio Tankers price target raised to $99 from $95 at Evercore ISI
- Scorpio Tankers price target raised to $87 from $80 at Deutsche Bank
- Scorpio Tankers price target raised to $82 from $76 at BofA
- Scorpio Tankers Announces Robust Q1 2024 Results
- Scorpio Tankers reports Q1 adjusted EPS $4.14, consensus $3.67
