Scorpio Tankers Inc. Aktie News

Skyrocketing rates due to ongoing geopolitical conflicts should propel STNG to beat consensus estimates. At current rates, STNG should generate significant cash flow for deleveraging, dividends, and share repurchases. We estimate STNG could reduce its share count by 13% to 18%, all things equal. The resolution of geopolitical conflicts will reduce rates. Moreover, supply growth will accelerate,...

MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time.

Scorpio Tankers is highly profitable due to strong vessel day rates. The refined product shipping industry will remain supply constrained for the next three to four years. Scorpio Tankers will achieve multiple expansion as it achieves debt targets and can allocate over $600 million per year to shareholder returns.

MONACO, March 22, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website www.scorpiotankers.com in the Investors section under Reports and Presentations.

MONACO, March 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two 2013 built MR product tankers, STI Larvotto and STI Le Rocher, for $36.15 million per vessel. The Company will make no debt repayments associated with these sales as these vessels are unencumbered. The sales are expecte...

MONACO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the Company has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions Ltd. (“FOWE”) fuel emulsion systems across its entire fleet. The terms of the licensing agreement will require no material upfront costs for the Company and is expected t...

Scorpio Tankers delivered strong results in 2023, with expanding profit margins, reduced debt, and active share repurchases. The product tanker market is still favorable, with limited supply due to an aging fleet and low order book, and strong demand driven by refinery output and shifting oil demand and supply. STNG trades at 90% P/NAV. TRMD trades at 112% P/NAV and HAFNF at 98% P/NAV. I expect...

MONACO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 555,600 common shares (or 5,556 call option contracts) of the Company for total consideration of $7.0 million. The call option contracts have a strike price of $60.00 and an expi...