Scorpio Tankers Inc. (STNG) Announces Quarterly Dividend of $0.08
Scorpio Tankers (NASDAQ:STNG) declared a quarterly dividend on Monday, February 24th, AnalystRatings.NET reports. Investors of record on Tuesday, March 11th will be given a dividend of 0.08 per share on Wednesday, March 26th. This represents a $0.32 dividend on an annualized basis and a yield of 3.40%.
A number of analysts have recently weighed in on STNG shares. Analysts at Zacks upgraded shares of Scorpio Tankers from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 29th. They now have a $10.70 price target on the stock. On the ratings front, analysts at UBS AG initiated coverage on shares of Scorpio Tankers in a research note on Thursday, January 9th. They set a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Maxim Group initiated coverage on shares of Scorpio Tankers in a research note on Thursday, January 9th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.58.
Shares of Scorpio Tankers (NASDAQ:STNG) traded up 2.76% on Monday, hitting $9.68. 1,226,219 shares of the company’s stock traded hands. Scorpio Tankers has a 52-week low of $7.55 and a 52-week high of $12.48. The stock has a 50-day moving average of $10.42 and a 200-day moving average of $10.62. The company has a market cap of $1.817 billion and a price-to-earnings ratio of 184.71.
Scorpio Tankers (NASDAQ:STNG) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $53.37 million for the quarter, compared to the consensus estimate of $30.10 million.
Scorpio Tankers Inc is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets.
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