How to Buy Scorpio Tankers Stock
Scorpio Tankers Inc
Scorpio Tankers is a oil & gas midstream company located in Monaco, which is part of the Energy sector, and is traded under the ticker STNG on the NYSE exchange.
Scorpio Tankers stock last closed at $48.39, up 2.59% from the previous day, and has increased 51.27% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.52 percentage points. Scorpio Tankers stock is currently +69.79% from its 52-week low of $28.50, and -24.63% from its 52-week high of $64.20.
At the moment, there are 59.46M STNG shares outstanding. The market capitalization of STNG is $2.88B. In the last 24 hours, 563,223 STNG shares were traded.
How to Buy Scorpio Tankers Stock
Not sure how to invest in Scorpio Tankers stock? Here's how.
- Choose where to buy Scorpio Tankers stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Scorpio Tankers stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your payment method and add your information.
- Research Scorpio Tankers stock: The Scorpio Tankers ticker symbol is STNG. Is Scorpio Tankers stock a good investment? Should you buy shares of STNG? How do STNG's underlying business fundamentals look? Do top analysts think Scorpio Tankers is a good buy? Why has STNG's stock price moved recently? (Hint: Our stock market research tools can help you figure out if STNG is a good stock to buy).
- Execute your STNG purchase: Decide if you will purchase STNG shares at the current market price or use a limit order to buy STNG stock at a given price.
- Watch your investment in STNG: Create a watchlist to important notifications about your investment in Scorpio Tankers stock.
Step 1: Choose where to buy Scorpio Tankers stock
You need a brokerage account in order to access the NYSE market and buy STNG stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in STNG today.
How to Create a New Account on eToro
- Click here to get started.
- Provide your personal details to open a new brokerage account.
- Send your application by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you've created your account on app for stock market, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring money into your investment account.
Step 4: Research Scorpio Tankers stock
After you have figured out the best place to buy Scorpio Tankers stock, it's critical to evaluate their stock before you invest, so you actually comprehend the risk and opportunity.
Scorpio Tankers Metrics
Scorpio Tankers Due Diligence Checks
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on STNG's stock page.
Is STNG stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge STNG's intrinsic value.
Using relative valuations measures:
- STNG may be undervalued based on its P/E ratio of 2.95x, relative to Oil & Gas Midstream industry P/E ratio of 12.47x
- STNG may be undervalued based on its P/B ratio of 1.13x, relative to Oil & Gas Midstream industry P/B ratio of 2.06x
You can access more valuation analysis on STNG's stock here.
STNG Financial Health Summary
Positive Financial Indicators:
- STNG profit margin has gone up from -44.2% to 51.6% in the past year.
- There are more short-term assets than short-term liabilities on the STNG balance sheet.
- STNG earnings of $1.09B is not enough to cover its interest payments.
- Total STNG debt is lower than 5 years ago, relative to shareholder equity.
- STNG's operating cash flow of $1.04B allows it to safely service it's debt of $2.05B.
Negative Financial Indicators:
- STNG has a relatively high debt to equity ratio of 0.84.
- There are more long-term liabilities than short-term assets on the STNG balance sheet.
Is it a good time to buy Scorpio Tankers stock, according to analysts?
Out of 6 Wall Street analysts who track STNG, the consensus analyst rating on STNG is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest STNG Analyst Upgrades/Downgrades
Benjamin Nolan, a bottom 24% analyst from Stifel Nicolaus maintains STNG with a strong buy rating and raises their STNG price target from $68.00 to $77.00, on Apr 25, 2023.
Maintaining his Strong Buy rating, Nolan raised his price target on Scorpio Tankers Inc. by 13.2% after re-evaluating names in his Shipping and Energy Infrastructure portfolio ahead of the Q1 2023 earnings releases.
Although shipping markets "are in various stages of the cycle," the tanker group is "doing very well thanks to inefficient Russia-related voyages and limited supply," the analyst summarized.
Scorpio Tankers is expected to report its earnings on 2023/05/02.
The Zacks Consensus EPS Estimate for the company's upcoming quarter is $2.95 which, if achieved, would represent an 1192.59% increase against Q1 2022’s ($0.27).
Omar Nokta, a bottom 8% analyst from Jefferies reiterates STNG with a strong buy rating and maintains their STNG price target from $76.00 to $76.00, on Mar 21, 2023.
Samuel Bland, a bottom 33% analyst from JP Morgan initiates coverage on STNG with a strong buy rating and announces their STNG price target of $87.00, on Mar 8, 2023.
Amit Mehrotra, a bottom 38% analyst from Deutsche Bank maintains STNG with a hold rating and raises their STNG price target from $55.00 to $65.00, on Mar 6, 2023.
Liam Burke, a top 9% analyst from B. Riley Securities maintains STNG with a strong buy rating and raises their STNG price target from $65.00 to $80.00, on Feb 17, 2023.
You can dig deeper into what analysts are projecting on the Scorpio Tankers stock forecast page.
Metrics for Advanced STNG Traders
How are STNG Revenues/Earnings doing?
Last year, STNG revenue was $1.77B. In the past 5 year, STNG's revenue has increased by 26.55% per year. This was faster than the Oil & Gas Midstream industry average of 14.3%.
Find out more about STNG's earnings and revenue performance here.
Are STNG insiders buying or selling the stock?
In the last year, insiders at STNG have not bought or sold any shares.
Get more info about who owns STNG shares here.
Can I rely on STNG as an income stream?
Scorpio Tankers pays a dividend of 0.83%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.86%. If you owned $1,000 worth of STNG stock, you would have received $8.27 last year.
Scorpio Tankers dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Scorpio Tankers dividend yield and history here.
What do other traders have to say about STNG?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your STNG purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, use a limit order.
Click the Open button and your broker will place the order.
If you require more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in STNG
Now that you own some shares in STNG, you'll want to keep up with your company.
Make a watchlist to get notified of the latest news about your STNG stock.
STNG Feed
How to Buy Stock in Scorpio Tankers
To reiterate, here are the 6 steps to buy stock in Scorpio Tankers:
- Choose where to buy Scorpio Tankers stock
- Open your brokerage account
- Fund your investment account
- Research Scorpio Tankers stock
- Execute your STNG purchase
- Watch your investment in STNG
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Scorpio Tankers, create your watchlist below.
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