216 institutions hold shares in Scorpio Tankers Inc. (STNG), with 11.73M shares held by insiders accounting for 21.62% while institutional investors hold 55.01% of the company’s shares. The shares outstanding are 54.26M, and float is at 46.11M with Short Float at 7.48%. Institutions hold 43.12% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
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 66.58% 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 $18.69 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $20.00 for the next 12 months. It is also 46.74% off the consensus price target high of $35.00 offered by 13 analysts, but current levels are -49.12% lower than the price target low of $12.50 for the same period.
Currently trading at $18.64, the stock is 0.29% and 14.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -0.27% at the moment leaves the stock 42.38% off its SMA200. STNG registered 25.44% gain for a year compared to 6-month gain of 66.58%. The firm has a 50-day simple moving average (SMA 50) of $17.48 and a 200-day simple moving average (SMA200) of $13.12.
The stock witnessed a 17.90% loss in the last 1 month and extending the period to 3 months gives it a 62.09%, and is 1.91% up 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 3.71% over the week and 6.33% over the month.
Scorpio Tankers Inc. (STNG) has around 25 employees, a market worth around $1.07B and $915.90M in sales. Current P/E ratio is 14.12 and Fwd P/E is 7.47. Profit margin for the company is 10.30%. Distance from 52-week low is 125.12% and -33.92% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
Scorpio Tankers Inc. (STNG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Scorpio Tankers Inc. (STNG) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.20, where 3 rate it as a Hold and 0 think it is a “Overweight”. 9 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 07/23/2021 and quarterly earnings per share for the current quarter are estimated at -$0.99 with sales reaching $143.35M over the same period.The EPS is expected to grow by 271.60% this year, but quarterly earnings will post -20.40% year-over-year. Quarterly sales are estimated to shrink -39.70% in year-over-year returns.