Stock on Focus: Scorpio Tankers Inc. (STNG)

Company Profile:

Scorpio Tankers Inc. is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet). As of March 1, 2017, the Company’s total oil tanker fleet (crude, products and product/chemical tankers) consisted of 4,754 ships with a combined capacity of 525.9 million deadweight tonnage. As of December 31, 2016, the Company also had contracts for the construction of one LR2 tanker and eight MR tankers. Its vessels include STI Brixton, STI Comandante, STI Finchley, STI Hammersmith, STI Larvotto, STI San Antonio and STI Regina. The company was founded in 2009 and is based in Monaco.

Recent News:

The company will release its second quarter 2017 earnings before the market open on Monday September 18, 2017 as a result of the pending merger with Navig8 Product Tankers Inc (“NPTI”). On May 23, 2017, the Company announced that it had entered into definitive agreements to merge with NPTI (the “Merger”).

For the quarter ended March 31, 2017, the company repored revenues of $122.80 million, net earnings of $-11.53 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

@@@@@

Profitability – Measures the historical price movement of the stock.

@@@@@

Solvency – Measures the solvency of the company based on several ratios.

@@@@@

Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

@@@@@

Conclusion:

STNG’s strengths can be seen in its strong growth and better solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI(14) stands at 46.31 with positive bias. We rate Scorpio Tankers Inc. (STNG) a STRONG BUY.

About the Author

has written 15907 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks