Scorpio Tankers Receive Upgrade to RS Rating
December 23, 2023
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Scorpio Tankers ($NYSE:STNG) Inc. (STNG) has recently received an upgrade to its RS rating, reflecting the company’s performance and prospects. Scorpio Tankers is a leading provider of international seaborne crude oil and petroleum product transportation services. It owns and operates a fleet of product tankers, ranging from medium-range to very large crude carriers, as well as chemical tankers and liquefied petroleum gas carriers. The RS rating upgrade for Scorpio Tankers follows the company’s strong financial performance in recent years, with revenues increasing significantly year-over-year.
The upgrade reflects the company’s strong capital structure, high liquidity levels, low debt levels, and access to the capital markets. Going forward, Scorpio Tankers will continue to benefit from a positive demand outlook for the tanker market, with increased demand for its services from oil majors and independent traders. The company is well positioned to capitalize on the opportunities in the tanker market, with its strong fleet of vessels and experienced management team.
Market Price
On Monday, SCORPIO TANKERS received a major upgrade to its RS rating, causing the stock to open at $60.5 and close at $60.2, registering a 2.6% increase from the previous closing price of 58.7. This marked the highest closing price for the stock since April, and suggests a positive outlook for the company’s future prospects. The upgrade, which was issued by the shipbroker RS Platou, further strengthens SCORPIO TANKERS’ position in the market. This upgrade is especially significant because it is backed by the highest ranking that a shipbroker can give to a company and indicates a strong financial position. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scorpio Tankers. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | 690.41 | 45.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scorpio Tankers. More…
| Operations | Investing | Financing |
| 996.01 | 6.56 | -1.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scorpio Tankers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.31k | 1.86k | 45.69 |
Key Ratios Snapshot
Some of the financial key ratios for Scorpio Tankers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | 33.9% | 57.3% |
| FCF Margin | ROE | ROA |
| 64.8% | 22.0% | 12.4% |
Analysis
At GoodWhale, we have conducted an analysis of SCORPIO TANKERS‘ fundamentals and have come up with some interesting conclusions. According to our Star Chart analysis, SCORPIO TANKERS is strong in dividend, growth, and medium in asset and profitability. We classify SCORPIO TANKERS as ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth thanks to its strong competitive advantage. Given this impressive level of stability and growth potential, SCORPIO TANKERS is likely to be of interest to a range of investors. Furthermore, the company has a high health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis due to its healthy cashflows and debt levels. All in all, SCORPIO TANKERS is an attractive investment option for investors looking for a reliable and high-growth opportunity. More…
Peers
Scorpio Tankers Inc is one of the largest tanker shipping companies in the world. Founded in 2009, the company is headquartered in Monaco. Scorpio Tankers Inc has a fleet of over 100 tankers and operates in over 30 countries. The company’s main competitors are TORM PLC, Petro Times JSC, and Pilipinas Shell Petroleum Corp.
– TORM PLC ($LTS:0RG4)
In 2022, Dorman Products, Inc. had a market capitalization of $16.22 billion and a return on equity of 17.86%. Dorman Products, Inc. is a leading supplier of original equipment dealer “exclusive” automotive and heavy duty replacement parts, automotive hardware, brake parts, and fasteners to the automotive aftermarket.
– Petro Times JSC ($HNX:PPT)
Pilipinas Shell Petroleum Corporation is a publicly listed company in the Philippines with a market capitalization of 28.95 billion as of 2022. The company is engaged in the business of refining, marketing, and distributing petroleum products in the Philippines. The company has a return on equity of 17.04%.
Summary
Scorpio Tankers Inc. has recently received a RS rating upgrade from Standard & Poor’s Ratings Services. The upgrade reflects Scorpio Tankers’ liquidity and financial flexibility, as well as its strong commitment to maintaining a conservative balance sheet and maintaining access to capital markets. The upgraded rating is expected to enable the company to access more attractive financing terms.
The company’s current debt-to-capital ratio remains near the midpoint of its targeted range. Overall, the company’s financial standing appears to be strong, providing confidence for investors.
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