Scorpio Tankers (STNG) Stock Forecast, Price Target & Predictions
STNG Stock Forecast
Scorpio Tankers stock forecast is as follows: an average price target of $72.50 (represents a 6.59% upside from STNG’s last price of $68.02) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
STNG Price Target
The average price target for Scorpio Tankers (STNG) is $72.50 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $38.00. This represents a potential 6.59% upside from STNG's last price of $68.02.
STNG Analyst Ratings
According to 10 Wall Street analysts, Scorpio Tankers's rating consensus is 'Buy'. The analyst rating breakdown for STNG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (70.00%), 3 'Hold' (30.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Scorpio Tankers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Ken Hoexter | Bank of America Securities | $73.00 | $66.30 | 10.11% | 7.32% |
| Jul 30, 2024 | Chris Robertson | Deutsche Bank | $89.00 | $76.87 | 15.78% | 30.84% |
| Jun 17, 2024 | Omar Nokta | Jefferies | $90.00 | $76.50 | 17.64% | 32.31% |
| May 09, 2024 | Chris Robertson | Deutsche Bank | $87.00 | $76.75 | 13.36% | 27.90% |
| Apr 29, 2022 | - | H.C. Wainwright | $38.00 | $24.68 | 53.97% | -44.13% |
| Apr 28, 2022 | - | Jefferies | $29.00 | $24.70 | 17.41% | -57.37% |
The latest Scorpio Tankers stock forecast, released on Sep 10, 2024 by Ken Hoexter from Bank of America Securities, set a price target of $73.00, which represents a 10.11% increase from the stock price at the time of the forecast ($66.30), and a 7.32% increase from STNG last price ($68.02).
Scorpio Tankers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 4 |
| Avg Price Target | $73.00 | $84.00 | $84.75 |
| Last Closing Price | $68.02 | $68.02 | $68.02 |
| Upside/Downside | 7.32% | 23.49% | 24.60% |
In the current month, the average price target of Scorpio Tankers stock is $73.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 7.32% increase as opposed to Scorpio Tankers's last price of $68.02. This month's average price target is down -13.10% compared to last quarter, and down -13.86% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Jul 30, 2024 | Burrill & Company | Buy | Buy | Hold |
| Jul 30, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Jul 23, 2024 | Evercore ISI | Underperform | Underperform | Hold |
| Jul 23, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 23, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jun 17, 2024 | Jefferies | Buy | Buy | Hold |
| May 09, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Jun 29, 2023 | Deutsche Bank | Hold | Buy | Upgrade |
| Nov 29, 2022 | Jefferies | Buy | Buy | Hold |
Scorpio Tankers's last stock rating was published by Bank of America Securities on Sep 10, 2024. The company gave STNG a "Neutral" rating, the same as its previous rate.
Scorpio Tankers Financial Forecast
Scorpio Tankers Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $384.43M | $493.72M | $490.00M | $405.07M | $174.05M | $147.91M | $119.27M | $139.44M | $134.16M | $138.24M | $177.25M |
| Avg Forecast | $445.53M | $440.55M | $435.63M | $430.76M | $425.94M | $421.18M | $416.48M | $411.82M | $331.27M | $246.24M | $280.29M | $317.41M | $349.45M | $299.52M | $368.62M | $383.01M | $335.70M | $277.96M | $338.26M | $388.49M | $452.58M | $432.39M | $350.82M | $156.97M | $149.07M | $123.11M | $145.76M | $134.34M | $142.49M | $180.34M |
| High Forecast | $513.33M | $507.59M | $501.92M | $496.31M | $490.76M | $485.28M | $479.85M | $474.49M | $381.68M | $283.71M | $322.94M | $365.71M | $402.63M | $311.10M | $424.72M | $441.29M | $343.55M | $300.28M | $389.74M | $447.61M | $521.46M | $498.19M | $350.82M | $183.90M | $174.65M | $144.23M | $170.76M | $157.39M | $166.94M | $211.28M |
| Low Forecast | $389.43M | $385.07M | $380.77M | $376.51M | $372.30M | $368.14M | $364.03M | $359.96M | $289.55M | $215.23M | $244.99M | $277.44M | $305.45M | $271.04M | $322.20M | $334.77M | $317.23M | $251.46M | $295.66M | $339.57M | $395.59M | $377.94M | $350.82M | $120.25M | $114.20M | $94.30M | $111.66M | $102.91M | $109.15M | $138.15M |
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.09% | 1.13% | 1.15% | 1.11% | 0.99% | 0.97% | 0.96% | 1.00% | 0.97% | 0.98% |
Scorpio Tankers's average Quarter revenue forecast for Jun 23 based on 5 analysts is $338.26M, with a low forecast of $295.66M, and a high forecast of $389.74M. STNG's average Quarter revenue forecast represents a -12.01% decrease compared to the company's last Quarter revenue of $384.43M (Mar 23).
Scorpio Tankers EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $286.75M | $300.48M | $356.72M | $274.87M | $75.12M | $41.25M | $22.66M | $37.53M | $32.30M | $17.53M | $73.86M |
| Avg Forecast | $239.98M | $237.30M | $234.65M | $232.03M | $229.43M | $226.87M | $224.33M | $221.83M | $178.44M | $132.64M | $150.98M | $170.97M | $188.23M | $161.33M | $198.56M | $43.79M | $180.82M | $149.72M | $182.20M | $39.81M | $243.78M | $26.91M | $188.97M | $36.19M | $53.08M | $21.27M | $37.13M | $32.90M | $23.17M | $56.62M |
| High Forecast | $276.50M | $273.41M | $270.36M | $267.34M | $264.35M | $261.39M | $258.47M | $255.58M | $205.59M | $152.82M | $173.95M | $196.99M | $216.88M | $167.57M | $228.77M | $52.55M | $185.05M | $161.74M | $209.93M | $47.77M | $280.88M | $32.29M | $188.97M | $43.43M | $63.69M | $25.53M | $44.55M | $39.48M | $27.80M | $67.95M |
| Low Forecast | $209.76M | $207.42M | $205.10M | $202.81M | $200.54M | $198.30M | $196.08M | $193.89M | $155.97M | $115.93M | $131.96M | $149.44M | $164.53M | $146.00M | $173.55M | $35.03M | $170.87M | $135.45M | $159.26M | $31.85M | $213.08M | $21.53M | $188.97M | $28.95M | $42.46M | $17.02M | $29.70M | $26.32M | $18.54M | $45.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.20% | 1.23% | 13.26% | 1.45% | 2.08% | 0.78% | 1.07% | 1.01% | 0.98% | 0.76% | 1.30% |
5 analysts predict STNG's average Quarter EBITDA for Jun 23 to be $182.20M, with a high of $209.93M and a low of $159.26M. This is -36.46% lower than Scorpio Tankers's previous annual EBITDA (Mar 23) of $286.75M.
Scorpio Tankers Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $193.24M | $264.40M | $266.17M | $191.13M | $-152.19M | $-73.14M | $-73.27M | $-52.78M | $-62.39M | $-76.26M | $-20.18M |
| Avg Forecast | $179.13M | $176.10M | $169.16M | $163.52M | $167.19M | $164.22M | $158.63M | $152.87M | $183.87M | $109.86M | $126.83M | $168.00M | $175.37M | $122.50M | $184.36M | $-84.60M | $137.17M | $80.24M | $129.79M | $-76.91M | $227.12M | $-87.02M | $149.20M | $-69.92M | $-46.57M | $-68.79M | $-52.21M | $-63.56M | $-79.76M | $-15.48M |
| High Forecast | $214.57M | $210.94M | $202.62M | $195.87M | $200.26M | $196.71M | $190.02M | $183.12M | $220.24M | $131.59M | $151.92M | $201.23M | $210.07M | $141.85M | $220.83M | $-67.68M | $147.60M | $95.55M | $155.47M | $-61.53M | $272.05M | $-69.62M | $149.20M | $-55.93M | $-37.25M | $-55.03M | $-41.77M | $-50.85M | $-63.81M | $-12.38M |
| Low Forecast | $149.80M | $147.27M | $141.46M | $136.75M | $139.82M | $137.34M | $132.66M | $127.85M | $153.77M | $91.87M | $106.06M | $140.49M | $146.66M | $78.44M | $154.18M | $-101.52M | $111.09M | $48.56M | $108.54M | $-92.29M | $189.94M | $-104.43M | $149.20M | $-83.90M | $-55.88M | $-82.55M | $-62.66M | $-76.27M | $-95.71M | $-18.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.51% | 1.16% | -3.06% | 1.28% | 2.18% | 1.57% | 1.07% | 1.01% | 0.98% | 0.96% | 1.30% |
Scorpio Tankers's average Quarter net income forecast for Jun 23 is $129.79M, with a range of $108.54M to $155.47M. STNG's average Quarter net income forecast represents a -32.83% decrease compared to the company's last Quarter net income of $193.24M (Mar 23).
Scorpio Tankers SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.27M | $26.38M | $26.49M | $22.80M | $12.45M | $12.81M | $13.05M | $13.32M | $13.56M | $14.32M | $15.86M |
| Avg Forecast | $35.10M | $34.70M | $34.32M | $33.93M | $33.55M | $33.18M | $32.81M | $32.44M | $26.09M | $19.40M | $22.08M | $25.00M | $27.53M | $23.59M | $29.04M | $18.39M | $26.44M | $21.90M | $26.65M | $16.71M | $35.65M | $15.50M | $27.63M | $15.19M | $12.97M | $12.26M | $13.18M | $13.81M | $14.97M | $12.16M |
| High Forecast | $40.44M | $39.98M | $39.54M | $39.10M | $38.66M | $38.23M | $37.80M | $37.38M | $30.07M | $22.35M | $25.44M | $28.81M | $31.72M | $24.51M | $33.46M | $22.06M | $27.06M | $23.65M | $30.70M | $20.06M | $41.08M | $18.61M | $27.63M | $18.23M | $15.56M | $14.71M | $15.82M | $16.58M | $17.97M | $14.59M |
| Low Forecast | $30.68M | $30.33M | $29.99M | $29.66M | $29.33M | $29.00M | $28.68M | $28.35M | $22.81M | $16.95M | $19.30M | $21.85M | $24.06M | $21.35M | $25.38M | $14.71M | $24.99M | $19.81M | $23.29M | $13.37M | $31.16M | $12.40M | $27.63M | $12.16M | $10.37M | $9.81M | $10.54M | $11.05M | $11.98M | $9.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 0.74% | 1.71% | 0.83% | 0.82% | 0.99% | 1.07% | 1.01% | 0.98% | 0.96% | 1.30% |
Scorpio Tankers's average Quarter SG&A projection for Jun 23 is $26.65M, based on 5 Wall Street analysts, with a range of $23.29M to $30.70M. The forecast indicates a 19.64% rise compared to STNG last annual SG&A of $22.27M (Mar 23).
Scorpio Tankers EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 5 | 11 | 5 | 9 | 5 | 4 | 4 | 4 | 5 | 5 | 6 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.40 | $4.74 | $4.84 | $3.44 | $-2.75 | $-1.32 | $-1.34 | $-0.97 | $-1.15 | $-1.41 | $-0.33 |
| Avg Forecast | $3.42 | $3.36 | $3.23 | $3.12 | $3.19 | $3.14 | $3.03 | $2.92 | $3.51 | $2.10 | $2.42 | $3.21 | $3.35 | $2.34 | $3.52 | $3.68 | $2.62 | $1.53 | $2.48 | $3.15 | $4.34 | $4.11 | $2.87 | $-0.58 | $-0.80 | $-1.27 | $-0.92 | $-1.14 | $-1.05 | $-0.42 |
| High Forecast | $4.10 | $4.03 | $3.87 | $3.74 | $3.83 | $3.76 | $3.63 | $3.50 | $4.21 | $2.51 | $2.90 | $3.84 | $4.01 | $2.71 | $4.22 | $4.40 | $2.82 | $1.82 | $2.97 | $3.78 | $5.20 | $4.92 | $2.87 | $-0.41 | $-0.56 | $-0.89 | $-0.64 | $-0.79 | $-0.73 | $-0.29 |
| Low Forecast | $2.86 | $2.81 | $2.70 | $2.61 | $2.67 | $2.62 | $2.53 | $2.44 | $2.94 | $1.75 | $2.03 | $2.68 | $2.80 | $1.50 | $2.94 | $3.07 | $2.12 | $0.93 | $2.07 | $2.64 | $3.63 | $3.43 | $2.87 | $-0.71 | $-0.98 | $-1.56 | $-1.12 | $-1.39 | $-1.28 | $-0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.09% | 1.18% | 1.20% | 4.72% | 1.65% | 1.05% | 1.06% | 1.01% | 1.35% | 0.78% |
According to 5 Wall Street analysts, Scorpio Tankers's projected average Quarter EPS for Jun 23 is $2.48, with a low estimate of $2.07 and a high estimate of $2.97. This represents a -27.09% decrease compared to STNG previous annual EPS of $3.40 (Mar 23).
Scorpio Tankers Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DHT | DHT | $10.95 | $17.13 | 56.44% | Buy |
| NVGS | Navigator | $15.66 | $22.00 | 40.49% | Buy |
| TNK | Teekay Tankers | $55.11 | $76.00 | 37.91% | Buy |
| TRMD | TORM | $34.05 | $45.00 | 32.16% | Buy |
| EURN | Euronav NV | $16.74 | $21.00 | 25.45% | Hold |
| FRO | Frontline | $22.37 | $28.00 | 25.17% | Buy |
| STNG | Scorpio Tankers | $68.02 | $72.50 | 6.59% | Buy |
| TNP | Tsakos Energy Navigation | $29.28 | $26.00 | -11.20% | Buy |
STNG Forecast FAQ
Is Scorpio Tankers a good buy?
Yes, according to 10 Wall Street analysts, Scorpio Tankers (STNG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 70.00% of STNG's total ratings.
What is STNG's price target?
Scorpio Tankers (STNG) average price target is $72.5 with a range of $38 to $90, implying a 6.59% from its last price of $68.02. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Scorpio Tankers stock go up soon?
According to Wall Street analysts' prediction for STNG stock, the company can go up by 6.59% (from the last price of $68.02 to the average price target of $72.5), up by 32.31% based on the highest stock price target, and down by -44.13% based on the lowest stock price target.
Can Scorpio Tankers stock reach $100?
STNG's average twelve months analyst stock price target of $72.5 does not support the claim that Scorpio Tankers can reach $100 in the near future.
What is Scorpio Tankers's current price target trend?
1 Wall Street analyst forecast a $73 price target for Scorpio Tankers (STNG) this month, up 7.32% from its last price of $68.02. Compared to the last 3 and 12 months, the average price target increased by 23.49% and increased by 24.60%, respectively.
What are Scorpio Tankers's analysts' financial forecasts?
Scorpio Tankers's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.68B (high $1.93B, low $1.46B), average EBITDA is $902.46M (high $1.04B, low $788.81M), average net income is $642.92M (high $770.11M, low $537.67M), average SG&A $131.98M (high $152.06M, low $115.36M), and average EPS is $12.28 (high $14.71, low $10.27). STNG's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.75B (high $2.02B, low $1.53B), average EBITDA is $943.96M (high $1.09B, low $825.09M), average net income is $687.91M (high $824M, low $575.29M), average SG&A $138.05M (high $159.05M, low $120.66M), and average EPS is $13.14 (high $15.74, low $10.99).
Did the STNG's actual financial results beat the analysts' financial forecasts?
Based on Scorpio Tankers's last annual report (Dec 2022), the company's revenue was $1.56B, beating the average analysts forecast of $1.39B by 12.21%. Apple's EBITDA was $1.07B, beating the average prediction of $495.85M by 115.32%. The company's net income was $637.25M, beating the average estimation of $219.38M by 190.47%. Apple's SG&A was $88.13M, missing the average forecast of $93.99M by -6.23%. Lastly, the company's EPS was $11.65, beating the average prediction of $10.73 by 8.61%. In terms of the last quarterly report (Mar 2023), Scorpio Tankers's revenue was $384.43M, missing the average analysts' forecast of $388.49M by -1.05%. The company's EBITDA was $286.75M, beating the average prediction of $39.81M by 620.28%. Scorpio Tankers's net income was $193.24M, missing the average estimation of $-76.908M by -351.26%. The company's SG&A was $22.27M, beating the average forecast of $16.71M by 33.25%. Lastly, the company's EPS was $3.4, beating the average prediction of $3.15 by 7.82%