Should You Go For This Oil Shipping Stock-STNG

Acrobull Canada Advisory Inc.

January 28			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Scorpio Tankers Inc.	STNG-NYSE	Energy		$2.359 Billion	Medium

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oil and refined petroleum products in the shipping markets worldwide.

Recent Highlights

Scorpio Tankers Inc (NYSE:STNG) reported strong financial results for Q3 2024, with $166 million in adjusted EBITDA and $87.7 million in adjusted net income.

The company has significantly reduced its debt by $150 million since July and has decreased its share count, enhancing shareholder value.

Scorpio Tankers Inc (NYSE:STNG) has strategically positioned itself to generate more cash even at lower rates by reducing daily cash break-even costs to $12,500 per day.

Third Quarter 2024 Financial Highlights

For the three months ended September 30, 2024, the company's net income was $158.7 million, or $3.31 basic and $3.16 diluted earnings per share.

For the three months ended September 30, 2024, the Company had adjusted net income (see Non-IFRS Measures section below) of $87.7 million, or $1.83 basic and $1.75 diluted earnings per share, which excludes from net income (i) a $69.3 million, or $1.45 per basic and $1.38 per diluted share, gain on sales of vessels, (ii) a $2.8 million.

For the three months ended September 30, 2023, the company's net income was $100.4 million, or $2.01 basic and $1.93 diluted earnings per share.

Stock Observation- The company’s stock performance has been good however the stock has gone through some fluctuation in recent weeks, the RSI level for the stock is at 25 which shows close to oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$46.69 USD
Acrobull Recommendation	Buy
Target Price	Target $54.42 USD
RSI Level	14 Day RSI 26
Total Shares Outstanding	50.52 Million
Shares held by Insiders Risk Factor Stop Loss	13.87% Medium 5%