STNG Stock Summary and Trading Ideas (Scorpio Tankers Common Shares | NYSE:STNG)

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters in hundred ten product tankers namely thirty nine LR2 tankers, fifty seven MR tankers and forteeen Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products. They provide seaborne transportation of crude oil and refined petroleum products worldwide. The company generates majority of its revenue from MR vessel.

Scorpio Tankers Common Shares trades on the NYSE stock market under the symbol STNG.

As of October 24, 2024, STNG stock price declined to $61.33 with 669,712 million shares trading.

STNG has a beta of 0.17, meaning it tends to be less sensitive to market movements. STNG has a correlation of 0.01 to the broad based SPY ETF.

STNG has a market cap of $3.11 billion. This is considered a Mid Cap stock.

Last quarter Scorpio Tankers Common Shares reported $381 million in Revenue and $3.60 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.01.

In the last 3 years, STNG traded as high as $84.67 and as low as $11.02.

The top ETF exchange traded funds that STNG belongs to (by Net Assets): AVUV, IWM, IWN, DFAT, VTWO.

STNG has underperformed the market in the last year with a price return of +14.2% while the SPY ETF gained +39.4%. STNG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.4% and -13.4%, respectively, while the SPY returned +4.9% and +0.4%, respectively.

STNG support price is $60.39 and resistance is $62.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STNG shares will trade within this expected range on the day.