Scorpio Tankers Stock Price, News & Analysis

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.

On March 19, 2021, Scorpio Tankers announced that Scorpio Services Holding Limited purchased 110,000 common shares at an average price of $19.70 each. The company has a fleet of 135 product tankers, averaging 5.3 years in age, specializing in marine transportation of petroleum products globally. This purchase may signal confidence in Scorpio Tankers' performance. The company continues to navigate challenges, including those posed by the COVID-19 pandemic, affecting demand in the shipping industry.

Scorpio Tankers (NYSE:STNG) has announced an exchange offer where approximately $62.1 million of existing 3.00% Convertible Senior Notes due 2022 will be exchanged for new notes due 2025. Additionally, the company plans to issue approximately $76.1 million of new 3.00% Convertible Senior Notes, all at 100% of par. The new notes will have a yield-to-maturity of 8.25% and are convertible into common shares. The closing of the exchange is expected around March 25, 2021, leaving about $89.1 million of the existing notes outstanding.

On March 8, 2021, Scorpio Tankers (NYSE: STNG) announced that President Robert Bugbee purchased 210,000 call options on common shares for $649,000. This includes 1,500 contracts with a strike price of $20.00 expiring in January 2022, and 600 contracts with a strike price of $25.00 expiring in January 2023. Scorpio Tankers operates a fleet of 135 product tankers, offering marine transportation of petroleum products globally.

Scorpio Tankers (NYSE: STNG) reported a net loss of $76.3 million for Q4 2020, translating to a loss of $1.41 per share. Adjusted net loss stood at $56.6 million or $1.04 per share, impacted by $16.8 million in impairment charges and $2.8 million in debt extinguishment losses. For the full year, net income was $94.1 million, with an adjusted net income of $114.0 million, reflecting strong performance early in the year. A quarterly cash dividend of $0.10 per share was declared, with liquidity bolstered to $204.1 million. Challenges persist due to COVID-19's impact on global oil demand.

Scorpio Tankers (NYSE: STNG) will release its fourth quarter 2020 earnings on February 18, 2021, followed by a conference call at 8:30 AM EST. The company operates a fleet of 135 tankers, which are primarily used for marine transportation of petroleum products globally. Investors can access the call via the company's website or by phone. Forward-looking statements may involve uncertainties and assumptions regarding future performance and market conditions.

Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 300,000 call options on the company's common shares. The total investment amounted to $750,000, with a strike price of $12.00 and an expiration in July 2021. The company operates a fleet of 135 tankers used for marine transportation of petroleum products globally, with an average fleet age of 5.2 years. Investors should note the potential impacts of operational uncertainties, including those related to the COVID-19 pandemic.

Scorpio Tankers (NYSE:STNG) announced a commitment to sell and leaseback three MR product tankers and one LR2 product tanker to AVIC International Leasing, expected to increase liquidity by approximately $32 million after debt repayment. Additionally, the Company secured a $21 million term loan facility from a European financial institution to refinance debt on the LR2 tanker STI Madison, anticipated to boost liquidity by about $5 million. Both financing arrangements are subject to conditions and part of ongoing financing discussions initiated in November 2020.

Scorpio Tankers (NYSE:STNG) announced that Scorpio Services Holding Limited purchased 210,000 shares at an average price of $10.81. Additionally, President Robert Bugbee acquired call options for 400,000 shares, totaling $578,000, with strike prices of $12.00 and $13.00, expiring in April 2021. The company operates a fleet of 135 tankers, emphasizing their commitment to marine transportation of petroleum products.