They currently have $15.00 price objective on the shipping company’s stock. Scorpio Tankers is a pure play product tanker operator and owns the world’s largest fleet of product tankers, all of whom are fuel efficient eco-tankers that will be fitted out with scrubbers (excluding handymax vessels). Intraday High $ 15.23 . Co. 37 5 China Merchants Grp 36 Total Fleet 1,826 Top Five LR2 Owners (1) # Owner Vessels 1 Scorpio Tankers 21 2 A.P. As of now, STNG has a P/S, P/E and P/B values of 1.42, 0 and 0.49 respectively. Scorpio is the cheapest player trading at about a 40% to 50% discount to its NAV.
Scorpio Tankers has the youngest and lowest-cost fleet operations-wise. I too am long on STNG in addition to TNK (Scorpio Tankers, Teekay Tankers). They have the cheapest opex in MRs and LR2s and is efficient in LR1s.
Fearnley Fonds cut shares of Scorpio Tankers (NYSE:STNG) from a hold rating to a sell rating in a report issued on Tuesday morning, The Fly reports. “At the same time, we thought it was the right thing to do, especially with Scorpio Bulkers’ shares trading below NAV [net asset value], to share the [Scorpio Tankers] gain with the shareholders who placed their trust in the original decision that the company made. Bottom line is you are buying STNG today at 4B$ EV, vs TORM at 1.5M$ …
BTIG Research reduced their price objective on shares […] Scorpio has the biggest fleet of LR2s world-wide and LR2s earn the most money in the product tanker sector. Moller 14 3 Ocean Tankers 12 4 K. G. Jebsen (KGJS) 10 5 Fredriksen Group 10 Total Fleet 306 (1) Clarksons Research Services as of September 2016.
They have very similar/slightly better P&L vs Scorpio tankers, same business, but way less debt, good management, and Oaktree of Howard Marks' fame owns 66% of the equity. Intraday Low $ 14.16 .
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. In looking, the SMA 200 we see that the stock has seen a -32.25 percent. Scorpio Bulkers owns and operates first class tonnage consisting of the latest generation of fuel efficient dry bulk vessels from quality shipyards. Investment thesis for SCORPIO TANKERS INC, STNG. The Company's initial fleet consists of three modern panamax tankers. Although frequently talked about with Scorpio, a contraction towards their NAV is very possible with a new supercycle in the tanker industry. Share price. We within Scorpio Tankers and the Scorpio Group are committed to a working environment of excellence. Scorpio’s pools consistently beat industry benchmarks and if product tanker rates turn, Scorpio turns. 1 Scorpio Tankers 56 2 TORM A/S 49 3 Sinokor Merchant 40 4 Interorient Nav.
Scorpio Tankers Inc. institutional ownership is standing at 54.7 percent, while insider ownership is 3.2 percent. The stock SMA50 which is now at -3.34 percent. Jul 9, 2020 16:10 PM $ 14.17-0.99 . We empower our people with resources that allow them to take the right approach – the first time and every time. Several other analysts have also issued reports on the stock. Its P/Cash is value at 9.07. It has become something of an annual tradition here at VIC to; call a bottom in product tanker rates, point out that Scorpio Tankers (STNG – USA) is the most leveraged to this bottom call, and then watch rates not recover, leading STNG to badly dilute shareholders (yet again).
Change -6.53 . Scorpio Tankers Inc. is headquartered in Monaco, Scorpio. More About Our Fleet. STNG was picked up on a bloomberg terminal back in May or June on a routine exploratory sweep for stocks trading under liquidation values/NAV. Its vessels carry petroleum products and crude oil for integrated oil companies, oil traders, and other customers.
Investors. If memory serves me right, the share price was $16-17 per share.
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