Scorpio Tankers Inc. (NYSE:STNG) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, STNG to report 3Q20 loss of $ 0.35 per share.
For the full year, analysts anticipate top line of $ 1029.40 million, while looking forward to income of $ 3.29 per share bottom line.
Previous Quarter Performance
Scorpio Tankers Inc. unfold income for the second quarter of $ 2.40 per share, from the revenue of $ 346.24 million. The quarterly revenues boosted 129.59 percent compared with the same quarter last year. Wall street analysts are predicting, STNG to report 2Q20 income of $ 2.88 per share from revenue of $ 371.26 million. The bottom line results missed street analysts by $ 0.48 or 16.67 percent, at the same time, top line results fell short of analysts by $ 25.02 million or 6.74 percent.
Stock Performance
Shares of Scorpio Tankers Inc. traded low $ -0.13 or -1.45 percent on Wednesday, reaching $ 8.81 with volume of 1.80 million shares. Scorpio Tankers Inc. has traded high as $ 8.90 and has cracked $ 8.46 on the downward trend
The closing price of $ 8.81, representing a 7.97 % increase from the 52 week low of $ 8.28 and a 77.9 % decrease over the 52 week high of $ 40.45.
The company has a market capital of $ 518.68 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 17.00 target price.
- On 10th September 2020, maintained by Bank of America at Buy rating, with $ 17.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on August 5, 2020. The dividend were payable on September 29, 2020 to holders of record as of the close of business on September 9, 2020 and ex-dividend date on September 8, 2020.
Conference Call
Scorpio Tankers Inc. will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.scorpiotankers.com
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers. The company was founded in 2009 and is based in Monaco.
