Scorpio Tankers Inc. (STNG) Volatility At 8.17%, Should You Add A Position?

214 institutions hold shares in Scorpio Tankers Inc. (STNG), with 11.05M shares held by insiders accounting for 20.34% while institutional investors hold 55.79% of the company’s shares. The shares outstanding are 54.27M, and float is at 46.21M with Short Float at 9.94%. Institutions hold 44.44% of the Float.

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The top institutional shareholder in the company is Blackrock Inc. with over 2.96 million shares valued at $33.08 million. The investor’s holdings represent 5.09% of the STNG Shares outstanding. As of Dec 30, 2020, the second largest holder is Dimensional Fund Advisors LP with 2.59 million shares valued at $29.03 million to account for 4.47% of the shares outstanding. The other top investors are Granahan Investment Management Inc. which holds 1.66 million shares representing 2.85% and valued at over $18.56 million, while State Street Corporation holds 1.47% of the shares totaling 0.85 million with a market value of $9.55 million.

Scorpio Tankers Inc. (NYSE: STNG) is 40.13% higher on its value in year-to-date trading and has touched a low of $8.28 and a high of $28.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STNG stock was last observed hovering at around $16.04 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $19.00 for the next 12 months. It is also 55.2% off the consensus price target high of $35.00 offered by 12 analysts, but current levels are -25.44% lower than the price target low of $12.50 for the same period.

Currently trading at $15.68, the stock is 8.99% and 19.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing -2.24% at the moment leaves the stock 20.27% off its SMA200. STNG registered -13.51% loss for a year compared to 6-month loss of 29.16%. The firm has a 50-day simple moving average (SMA 50) of $13.78 and a 200-day simple moving average (SMA200) of $12.03.

The stock witnessed a 29.80% gain in the last 1 month and extending the period to 3 months gives it a 39.01%, and is -5.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.17% over the week and 7.41% over the month.

Scorpio Tankers Inc. (STNG) has around 22 employees, a market worth around $850.80M and $999.30M in sales. Current P/E ratio is 5.32 and Fwd P/E is 8.06. Profit margin for the company is 9.40%. Distance from 52-week low is 89.37% and -44.42% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).

Scorpio Tankers Inc. (STNG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Scorpio Tankers Inc. (STNG) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.10, where 3 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Scorpio Tankers Inc. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at -$0.75 with sales reaching $142.91M over the same period.The EPS is expected to grow by 271.60% this year, but quarterly earnings will post -19.40% year-over-year. Quarterly sales are estimated to shrink -39.90% in year-over-year returns.

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