B of A Securities Downgrades Scorpio Tankers to Sell
B of A Securities lowered its rating for Scorpio Tankers to sell with a $78 target, a 12.62% upside from the current price.
Key Points
- B of A Securities downgraded Scorpio Tankers Inc. to a sell rating with a new price target of $78.
- B of A Securities's $78 price target implies 12.62% upside from Scorpio Tankers Inc.'s ($STNG) current $69.26 share price.
- Shares of NYSE:STNG traded near $70.09 on Tuesday, with a market cap of approximately $3.61 billion.
- Recent insider activity includes CEO Emanuele Lauro buying 234,637 shares at $5.87 each on June 22, 2026.
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B of A Securities has downgraded its rating on Scorpio Tankers Inc. (NYSE:STNG) to "sell," setting a new price target of $78. This change was announced on June 30, 2026, by analyst Ken Hoexter. Shares of Scorpio Tankers traded near $70.09 on Tuesday.
B of A Securities vs. the S&P 500
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Analysts Set New Price Targets
On June 30, 2026, B of A Securities downgraded Scorpio Tankers to a sell rating with a price target of $78. Previously, on May 7, 2026, the firm had upgraded the stock to a buy rating. Other analysts have maintained their buy ratings, with BTIG and Evercore ISI Group setting price targets of $100 and $93, respectively.
Scorpio Tankers Inc. Stock Down 11.2%
Shares of Scorpio Tankers Inc. traded near $70.09 on Tuesday. The company, which operates in the oil and gas midstream sector, has a market capitalization of about $3.61 billion. It has a P/E ratio of 7.16 and a forward P/E of 11.50. The stock has experienced a 52-week range between $38.83 and $87.39, with a 50-day moving average of $79.12 and a 200-day moving average of $66.63. Scorpio Tankers also has a current ratio of 13.98 and a quick ratio of 11.71, reflecting strong liquidity.
$STNG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Scorpio Tankers Inc.
Recent insider activity at Scorpio Tankers includes CEO Emanuele Lauro purchasing 234,637 shares at an average price of $5.87 on June 22, 2026. Additionally, Marianne Okland sold 15,000 shares at $82.03 on the same date. Other insiders, including Niccolo Camerana and Sujata Parekh Kumar, made purchases of 7,500 shares each at $83.47 on May 4, 2026.
About Scorpio Tankers
Scorpio Tankers Inc., headquartered in Monaco, is engaged in the seaborne transportation of crude oil and refined petroleum products worldwide. Founded in 2009, the company operates a fleet of 90 tankers, including LR2, MR, and Handymax vessels. Under the leadership of CEO Emanuele A. Lauro, the company employs 24 people.
Bottom Line
The downgrade by B of A Securities reflects a more cautious stance on Scorpio Tankers, setting a lower price target amid changing market conditions. Investors often track these analyst updates closely as they can impact stock performance. Remember, analysts' ratings are based on past data and market expectations, and actual outcomes may differ.
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