
Scorpio Tankers Inc. ($STNG) reported its fourth-quarter earnings for 2024, posting an adjusted earnings per share (EPS) of $0.63, which fell short of the $1.01 estimate. Including vessel gains, the EPS was $1.43. The company also announced a dividend of $0.40 per share. Total sales for the quarter were $203.97 million, missing the forecast of $222.39 million. Despite these results, Jefferies and BTIG maintained their 'Buy' ratings on the stock, with a price target of $75. Additionally, the company repurchased 658,000 shares since October 1 and made a $89 million purchase of $DHT shares during the quarter. Following the earnings report, $STNG shares were down 2.7% in pre-market trading.





BTIG keeps $STNG as a BUY and $75 PT https://t.co/MOegyytpu7
$STNG has lost momentum (and so has all tankers) and approaching its 52 week low https://t.co/H2h5Y19yQS
$STNG Q4 2024: $39m buybacks of STNG $89m purchase of $DHT shares https://t.co/URsYBCYaJS