Scorpio Tankers Stock Price, News & Analysis

Scorpio Tankers (NYSE:STNG) reported that President Robert Bugbee has acquired 500,000 call options for a total of $1,565,000, priced at a strike of $25.00, set to expire in January 2022. This move highlights management's confidence in the company's prospects. Scorpio Tankers operates a fleet of 131 vessels focused on petroleum product transportation, boasting an average age of 5.3 years, which underlines its operational capability in the market.

On May 20, 2021, Scorpio Tankers (NYSE:STNG) announced that its President, Robert Bugbee, purchased call options for 200,000 shares at a total cost of $542,000. The options have a strike price of $24.00 and expire in January 2022. Scorpio Tankers operates a fleet of 131 product tankers, averaging 5.3 years in age, and provides marine transportation of petroleum products globally. The company is engaged in monitoring various factors that could affect its business, including the ongoing impact of COVID-19 on fuel demand and operations.

Scorpio Tankers (NYSE: STNG) reported a net loss of $62.4 million ($1.15 per share) for Q1 2021, contrasted with a net income of $46.6 million in Q1 2020. The board declared a quarterly cash dividend of $0.10 per share, payable June 15, 2021. Adjusted net loss was $57.3 million, excluding $3.9 million in losses from convertible note exchanges. The company reported an average daily Time Charter Equivalent (TCE) revenue of $11,980 for LR2 vessels. As of May 6, 2021, it holds $280.1 million in cash, with plans for refinancing to secure an additional $46.7 million in liquidity.

Scorpio Tankers Inc. (NYSE: STNG) announced plans to release its first quarter 2021 earnings on May 7, 2021. The earnings announcement will be accompanied by a conference call at 8:30 AM EDT, available via the Scorpio Tankers website. The company operates a fleet of 131 tankers, with a weighted average age of 5.3 years, providing marine transportation of petroleum products globally. Stakeholders are advised to register for the webcast approximately 10 minutes prior to the start time. The announcement emphasizes the company's commitment to transparency and communication with investors.

Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 300,000 call options, totaling $408,000, with a strike price of $20.00 expiring in July 2021. This acquisition signals confidence in the company’s future performance. Scorpio Tankers operates a fleet of 131 product tankers, which are essential for marine transportation of petroleum products globally. The fleet has an average age of 5.2 years and includes various tanker sizes that cater to diverse transportation needs.

Scorpio Tankers (NYSE:STNG) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC. The report is available on the Company’s website in the Investors section. Shareholders can request a hard copy, which contains audited financial statements, at no cost. Scorpio Tankers operates a fleet of 131 vessels, primarily involved in transporting petroleum products, with an average fleet age of 5.2 years. The company emphasizes its commitment to transparency and provides access to essential financial data.

Scorpio Tankers (NYSE:STNG) announced the completion of a private exchange offer where $62.1 million of 3.00% Convertible Senior Notes due 2022 were exchanged for an equal amount of new notes due 2025. Additionally, the company raised $76.1 million from the sale of new convertible notes in a private offering. Post-transaction, $89.1 million of the 2022 notes remain outstanding, while $138.2 million of the 2025 notes are issued. These new notes have a 3.00% interest rate and mature on May 15, 2025, with interest payments starting May 15, 2021.

On March 29, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased call options for 275,000 common shares for a total of $1,279,500. The options have a strike price of $16.00 and expire in October 2021. Scorpio Tankers operates a fleet of 131 tankers, with an average age of 5.2 years. Recent actions include the redelivery of four Handymax tankers to their owners. The company emphasizes its commitment to transparency regarding forward-looking statements and potential risks that could affect its operations and financial performance.

Scorpio Tankers (NYSE:STNG) reported that Scorpio Holdings Limited acquired 40,000 common shares at an average price of $19.56 each. This transaction reflects the ongoing confidence in the company’s market position. Scorpio Tankers operates a fleet of 135 vessels that transport petroleum products globally, with an average age of 5.3 years. Forward-looking statements indicate potential uncertainties regarding future performance, influenced by economic conditions, operational costs, and market demand dynamics.