Scorpio Tankers (NYSE:STNG) Price Target Raised to $90.00

Posted by Brenda Bartman on Oct 16th, 2026

Scorpio Tankers (NYSE:STNG – Free Report) had its target price boosted by Morgan Stanley from $76.00 to $90.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the shipping company’s stock.

Several other analysts have also issued reports on the company. Bank of America restated an “underperform” rating on shares of Scorpio Tankers in a research note on Tuesday, September 8th. Zacks Research cut Scorpio Tankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Scorpio Tankers in a research note on Monday, September 14th. Wall Street Zen downgraded Scorpio Tankers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $100.00 price objective on shares of Scorpio Tankers in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Scorpio Tankers presently has a consensus rating of “Hold” and an average target price of $92.14.

Read Our Latest Research Report on STNG

Scorpio Tankers Trading Down 3.6%

NYSE:STNG opened at $82.91 on Tuesday. The company has a current ratio of 6.93, a quick ratio of 6.89 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.18 billion, a PE ratio of 7.95 and a beta of -0.17. The firm’s 50 day moving average is $82.04 and its 200 day moving average is $79.18. Scorpio Tankers has a 12 month low of $48.93 and a 12 month high of $90.06.

Scorpio Tankers (NYSE:STNG – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.56 by $0.12. Scorpio Tankers had a return on equity of 16.43% and a net margin of 67.16%. The business had revenue of $408.73 million for the quarter, compared to the consensus estimate of $398.25 million. During the same quarter in the prior year, the business earned $1.41 earnings per share. Scorpio Tankers’s revenue for the quarter was up 77.5% on a year-over-year basis. Sell-side analysts expect that Scorpio Tankers will post 11.28 earnings per share for the current year.

Scorpio Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 17th. Scorpio Tankers’s dividend payout ratio is presently 11.24%.

Insider Buying and Selling at Scorpio Tankers

In related news, insider Auste Adelborg sold 6,834 shares of Scorpio Tankers stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $89.64, for a total value of $612,599.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher Avella sold 56,500 shares of Scorpio Tankers stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $86.57, for a total transaction of $4,891,205.00. Following the completion of the transaction, the chief financial officer owned 178,834 shares of the company’s stock, valued at $15,481,659.38. This represents a 24.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 420,133 shares of company stock valued at $36,611,311 in the last quarter. Corporate insiders own 7.34% of the company’s stock.

Hedge Funds Weigh In On Scorpio Tankers

A number of large investors have recently made changes to their positions in STNG. Dimensional Fund Advisors LP raised its stake in shares of Scorpio Tankers by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,128,150 shares of the shipping company’s stock valued at $233,544,000 after purchasing an additional 122,874 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Scorpio Tankers by 7.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 918,223 shares of the shipping company’s stock worth $68,555,000 after purchasing an additional 64,511 shares in the last quarter. Bank of America Corp DE lifted its holdings in Scorpio Tankers by 9.3% during the 1st quarter. Bank of America Corp DE now owns 244,364 shares of the shipping company’s stock worth $18,244,000 after purchasing an additional 20,878 shares in the last quarter. Empowered Funds LLC boosted its stake in Scorpio Tankers by 20.9% in the 1st quarter. Empowered Funds LLC now owns 240,545 shares of the shipping company’s stock worth $17,959,000 after purchasing an additional 41,516 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Scorpio Tankers by 9.8% in the 1st quarter. Bank of New York Mellon Corp now owns 132,975 shares of the shipping company’s stock worth $9,928,000 after purchasing an additional 11,829 shares during the period. 54.64% of the stock is owned by institutional investors.

About Scorpio Tankers

(Get Free Report)

Scorpio Tankers Inc is a marine transportation company that owns, leases and operates a fleet of product tankers. The company primarily transports refined petroleum products, including gasoline, diesel, jet fuel and heating oil, as well as certain petrochemical products.

Its vessels serve international energy markets by carrying clean petroleum products between refineries, storage terminals and regional distribution centers. Scorpio Tankers operates across major global shipping routes and serves customers in the oil trading, refining and energy industries.

Founded in 2009, Scorpio Tankers became a publicly traded company on the New York Stock Exchange in 2010.