Scorpio Tankers

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Closed 19:12 10/20 EDT
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Scorpio Tankers Inc. to Announce Third Quarter 2020 Earnings and Have a Conference Call on November 5, 2020
MONACO, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, November 5, 2020, the Company plans to issue its third quarter 2020 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time. Conference Call DetailsDate: Thursday, November 5, 2020 Time: 9:00 AM Eastern Standard Time and 3:00 PM Central European TimeThe conference will be available over the internet, through the Scorpio Tankers Inc. website and the webcast Link: for the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.The conference will also be available telephonically: US/CANADA Dial-In Number: 1 (855) 861-2416 International Dial-In Number: +1 (703) 736-7422 Conference ID: 9535429 Participants should dial into the call 10 minutes before the scheduled time.The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information.About Scorpio Tankers Inc.Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company’s fleet consists of 135 wholly owned, finance leased or bareboat chartered-in tankers (42 LR2, 12 LR1, 63 MR and 18 Handymax) with a weighted average age of approximately 4.9 years. Additional information about the Company is available at the Company’s website, which is not a part of this press release.Forward-Looking StatementsMatters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements.The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.Contact InformationScorpio Tankers Inc. (212) 542-1616
GlobeNewswire · 12h ago
Why Selectively Shorting Tanker Names Paid Off In 2020
I shorted EURN in mid-January and NAT at end-January.It had become obvious that IMO 2020 was not living up to expectations and that the virus would affect oil demand and tanker rates.I closed my shorts in March when oil futures prices created a demand for tankers for storage.I re-shorted NAT in mid-May when it became clear to me that the spike in rates would end.I was able to wildly beat the tanker sector with a return of +78% v. -75% average in 3 popular tanker companies year to date.
Seekingalpha · 2d ago
Hedge Funds Aren’t Crazy About Scorpio Tankers Inc. (STNG) Anymore
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
Insider Monkey · 6d ago
3 “Strong Buy” Stocks Trading at Rock-Bottom Prices
Whether markets move up or down, every investor loves a bargain. There’s a thrill in finding a valuable stock at low, low price – and then watching it appreciate in the mid- to long-term. Portfolio growth of that sort is one of the reasons we’re all in the investing game to begin with.So, how are investors supposed to distinguish between the names poised to get back on their feet and those set to remain down in the dumps? That’s what the pros on Wall Street are here for.Using TipRanks’ database, we pinpointed three beaten-down stocks the analysts believe are gearing up for a rebound. Despite the hefty losses incurred so far in 2020, the three tickers have scored enough praise from the Street to earn a “Strong Buy” consensus rating. Scorpio Tanker (STNG)We’ll start in the ocean-going tanker sector, a major component of the global trade network, transporting the fuel that propels the world’s economy. The industry faces systemic headwinds in the form of unavoidable high costs and low margins, and has been buffeted by low demand and short storage space during the coronavirus crisis.The general difficulties facing the tanker segment have pushed Scorpio’s stock price down 72% this year. Scorpio is a small-cap fuel carrier, operating a fleet of 128 owned tankers supplemented by another 10 chartered vessels. The company’s ships include 21 Handymax and 59 MR tankers, along with numerous LR1 and LR2 vessels. Scorpio’s fleet operates world-wide.While the tanker industry has felt heavy headwinds recently, Scorpio has managed to weather them. The company has a build-in advantage of operating the smallest sized tankers (Handymax) in the global fleet, allowing it access to smaller ports and facilities than competitors dependent on larger vessels. STNG’s 1H20 performance has outperformed its industry, and shown sequential gains in both Q1 and Q2 for revenues and earnings. The second quarter top line came in at $346 million, with $2.40 EPS.Covering this stock for Deutsche Bank, analyst Amit Mehrotra writes, “STNG’s financial position should be fine given new liquidity- with $82M expected in the coming weeks/months, mostly from sale and leaseback transactions… having cash to burn is an important consideration when assessing risk, and in this case STNG remains comfortably positioned in our view. From a stock standpoint, while we understand the lackluster performance of shares in the context of current rates and relative risk profile… we see more than enough liquidity levers outside of new equity…”In-line with his view of STNG’s liquidity position, Mehrotra rates the stock a Buy. His $27 price target implies a robust upside of 153% for the coming year. (To watch Mehrotra’s track record, click here)Overall, the Strong Buy analyst consensus rating here is unanimous, based on 4 recent Buy reviews. Scorpio Tanker is currently trading at $10.69, and its $28.75 average price target suggests a one-year upside of 168%. (See STNG stock analysis on TipRanks)International Seaways (INSW)Next on our list is another small-cap tanker firm, International Seaways. This company operates a fleet of 39 vessels, ranging from Suezmax and Panamax ships – the largest that can transit their eponymous canals – to the giant VLCC tankers weighing up to 250,000 tons. The company’s fleet also includes the smaller MR and LR1 tankers.INSW has been able to leverage its varied fleet to generate positive revenues and earnings, even in the difficult environment imposed by the coronavirus pandemic. The top line in the past two quarters rose from $125 million to $139 million, and EPS grew from $1.49 to $2.39.Despite the generally positive revenues and earnings, however, INSW shares have lost value. The stock peaked for the year in early January, but has since fallen by 48%. Liam Burke, of B. Riley FBR, notes that INSW has seen a 100% year-over-year gain in time charter equivalent revenue, a positive marker that comes as the company has been able to take advantage of the need for floating oil storage. “The company saw continued strength in 2Q20 following a strong 1Q20 on demand for both crude and refined petroleum product floating storage. For the first half of 2020, strong spot rate drove healthy generation net cash from operating activities of $127.7 million, compared to $43.8 million a year ago. In a very volatile spot market, we believe the combination of INSW's opportunistically time chartering vessels and operating a diversified fleet enables the company to capture value in both crude oil and refined products,” Burke opined.Burke sets a $35 price target on International Seaways’ shares, indicating a potential for impressive growth – up to 131% in the next year. This outlook supports his Buy rating. (To watch Burke’s track record, click here)Overall, INSW has 4 recent reviews, including 3 Buys and 1 Hold, making its analyst consensus view a Strong Buy. The $30.25 average price target suggests the stock has a 99% upside potential from its share price of $15.15. (See INSW stock analysis on TipRanks)FirstCash, Inc. (FCFS)The last stock on our list inhabits a unique business niche, in the world of pawn shops. FirstCash operates a chain of pawn shops in the US and Latin America, with a presence in 24 US states as well as Mexico, Guatemala, El Salvador, and Colombia. The company provides financing services to customers with severe cash and credit constraints, using pledges of personal property to secure consumer pawn loans.The general decline in consumer activity – and the concerted government push to provide extended unemployment assistance and special ‘one-time’ stimulus benefits – put a damper on FirstCash’s business in 1H20. The effect was particularly noticeable coming off a high 4Q19. FCFS typically sees more business traffic in the fourth quarter, which encompasses the holiday season. The contrast between a strong Q4 and the difficult ‘corona half’ was marked.In 1H20, FirstCash saw revenues fall to $466 million in Q1 and $412 million Q2. The EPS drop was steeper; earnings slipped 35% from 96 cents in Q1 to 62 cents in Q2. The company’s shares have been falling off, as well. The market swoon of late February inaugurated a period of high volatility for FCFS, which has left the stock down 26% year-to-date.Alonso Garcia, of Credit Suisse, describes the current valuation as “attractive,” however, and adds, “The defensive nature of FCFS’ business model should play out in the quarters to come and deliver a gradual but consistent earnings rebound starting in 4Q20, as consumption patterns should tend to normalize as economies re-open and as demand for pawns pick up once the effect of the strong fiscal stimulus in the US is left behind and the effects of the deteriorated macro backdrop post-pandemic kick in.”Garcia gives FCFS an Outperform (i.e. Buy) rating, along with a $74 price target, implying a 25% upside potential. (To watch Garcia’s track record, click here)All in all, FirstCash has a Strong Buy analyst consensus rating based on 3 Buys and 1 Hold. The shares of this company are selling for $59.11, and the average price target of $79.38 indicates room for 34% upside growth in the next 12 months. (See FCFS stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
TipRanks · 10/13 14:18
Dividends Matter: Tanker Trade Post-Mortem And Total Return Review
This review will function as a post-mortem of the popular spring 2020 'tanker trade' or 'floating storage trade.' We review performance as well as dissect which types of firms outperformed.In market theory, dividends are simply an allocation of capital and shouldn't determine multiples; in practice, dividends are a very important determinant for valuation multiples and trade performance.This brief case study reinforces this fact by examining the performance of tanker stocks from mid-March to 30 September. Dividend payers massively outperformed non-payers.Relative valuations, balance sheets, market capitalization, and corporate governance all had minimal determinacy on performance.The tanker trade was awesome (+33% median return in 2 months, while the market was negative), but longer-term allocations did poorly. More commentary below.
Seekingalpha · 10/06 14:00
Shipping Specialist J. Mintzmyer On Where The Opportunities Are
Mintzmyer tells me how he got started in investing and why he gravitated toward shipping.He discusses the outlook for the industry on a multi-year timeframe and also gets into the current opportunities.He talks about three different types of shipping companies that are somewhat representative of the larger group: VLCC's, containers and LPG.
Seekingalpha · 10/05 21:46
Tanker Market Outlook: Demand For Tankers To Drop With Oil Consumption
Tanker orderbook is at a 23-year low.In normal times, this would be supportive for future tanker rates.But the pandemic has changed the short- and long-term outlook for oil consumption and therefore tankers.In 2 of 3 scenarios by BP, it expects that oil demand has already peaked.Oil tanker names have suffered in 2020 and the longer-term outlook is dim.
Seekingalpha · 10/01 09:38
48 Leading Shipping Companies to Present at Capital Links 12th Annual New York Maritime Forum, Wednesday & Thursday, October 14 & 15, 2020
GLOBAL SHIPPING COMING TO NEW YORKNEW YORK, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Capital Link will be hosting its 12th Annual New York Maritime Forum as a Digital Forum on Wednesday, October 14 & Thursday, October 15, 2020 from 8:00am – 4:00pm EST. The event is organized in partnership with DNB and in
GlobeNewswire · 09/28 14:00
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Analyst Rating

Based on 12 analysts


Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average STNG stock price target is 24.25 with a high estimate of 45.00 and a low estimate of 13.80.
Institutional Holdings
Institutions: 144
Institutional Holdings: 31.93M
% Owned: 54.29%
Shares Outstanding: 58.81M
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Oil & Gas Transportation Services
Oil & Gas Related Equipment and Services
Key Executives
Chairman/Chief Executive Officer/Director
Emanuele Lauro
Robert Bugbee
Chief Financial Officer
Brian Lee
Chief Operating Officer/Director
Cameron Mackey
Vice President
Filippo Lauro
Fan Yang
Lead Director/Independent Director
Ademaro Lanzara
Independent Director
Alexandre Albertini
Independent Director
Reidar Brekke
Independent Director
Marianne Okland
Independent Director
Merrick Rayner
Independent Director
Jose Tarruella
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About STNG
Scorpio Tankers Inc. (Scorpio Tankers) is a Monaco-based company active in the oil transportation industry. The Company is engaged on the seaborne transportation of refined petroleum products in the international shipping markets. Scorpio Tankers operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. Each of the Company’s segments represents a different type of vessel with which it operates, with the total number of vessels being around 110. Handymax represents the smaller type of ship that the Company operates with, followed by MR, LR1 and LR2 being the biggest one. The Company operates with ships under its own ownership as well as finance leased or chartered-in.
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