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STNG

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1d
1w
1m

Analysis and statistics

  • Open
    46.1998$
  • Previous Close
    48.392$
  • 52 Week Change
    41.93$
  • Day Range
    -2.19$
  • 52 Week High/Low
    30.0545$ - 71.9864$
  • Dividend Per Share
    0.0346
  • Market cap
    2 466 M$
  • EPS
    1.41
  • Beta
    -0.053
  • Volume
    --

About

STNG.US is the stock ticker symbol for Scorpio Tankers Inc. on the Nasdaq Stock Market. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products in the global shipping markets. The company operates a fleet of medium range (MR) and long range (LR) tankers that transport refined petroleum products such as gasoline, diesel, jet fuel, and naphtha. Scorpio Tankers is incorporated in the Republic of the Marshall Islands and maintains its principal executive offices in Monaco. The stock price of STNG.US reflects investor sentiment and market conditions related to the demand for petroleum product transportation and the overall shipping industry.
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Factors

Company Earnings: Higher-than-expected profits often drive the stock price up, while disappointing earnings can cause it to fall.

Oil Tanker Rates: Increased demand for oil transportation pushes tanker rates higher, benefiting STNG.US and its stock price.

Global Oil Demand: Growing oil demand translates to more shipping needs, positively impacting STNG.US's revenue and stock.

Fleet Size & Efficiency: STNG's operational efficiency and the size of its tanker fleet influence its profitability and stock value.

Geopolitical Events: Events that disrupt oil supply chains, like sanctions or conflicts, can create volatility in tanker markets.

Regulatory Changes: Environmental regulations impacting shipping fuel and operations can affect STNG.US's costs and stock price.

Economic Conditions: Global economic growth or recession directly impacts oil consumption and thus demand for tankers.

Interest Rates: Rising interest rates can increase STNG.US's borrowing costs, potentially affecting profitability and stock valuation.

Competitor Performance: The performance of other tanker companies influences investor sentiment towards the entire sector.

Investor Sentiment: Overall market optimism or pessimism affects trading volume and the stock's reaction to news.

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