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What Did We Discover About Insider Trading At Scorpio Tankers Inc. (NYSE: STNG)?

Scorpio Tankers Inc. (NYSE:STNG) traded at $45.36 at last check on Tuesday, 01/24/23, made a downward move of -2.22% on its previous day’s price.

Looking at the stock we see that its previous close was $46.39 and the beta (5Y monthly) reads 0.46 with the day’s price range being $45.19 – $46.99. The company has a trailing 12-month PE ratio of 9.57. In terms of its 52-week price range, STNG has a high of $57.71 and a low of $11.46. The company’s stock has lost about -14.39% over that past 30 days.

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Scorpio Tankers Inc. has a market cap of $2.79 billion and is expected to release its quarterly earnings report on Feb 13, 2023 – Feb 17, 2023. With its Forward Dividend at 0.40 and a yield of 0.86%, the company’s investors could be anxious for the STNG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $3.95, with the EPS growth for the year raised at $10.37 for 2022 and $6.26 for next year. These figures represent 348.70% and -39.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $432.3 million, with a low of $409.2 million and a high of $458 million. The median projection represents growth squeezing down to 240.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.33 billion, or 146.60% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the STNG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Scorpio Tankers Inc. (STNG) stock as a Hold, while 12 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the STNG stock currently stands at 0.23, and the most recent price level today is -10.63% off its SMA20 and -12.16% from its 50-day simple moving average. The RSI (14) is pointing at 34.48 while the volatility over the past week is 4.39% and jumps to 5.01% over the past one month. The beta value is 0.54, while the average true range (ATR) is currently pointing at 2.48.

Coming back to Scorpio Tankers Inc. (NYSE:STNG), we note that the average 3-month trading volume was 1.35 million, while that of the preceding 10-day period stands at 1.85 million. Current shares outstanding are 55.00 million.

The insiders hold 3.20% of the company’s shares while institutions hold 56.10%. The data shows that short shares as of Oct 13, 2022, stood at 4.32 million at a short ratio of 3.58. This represents a 7.32% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 3.52 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -13.73% down in year-to-date price movement.

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