1. Scorpio Tankers Inc. (NYSE:STNG)
Scorpio Tankers Inc. (NYSE:STNG) is one of the best marine shipping stocks to buy right now. On March 5, Scorpio Tankers Inc. (NYSE:STNG) announced agreements to sell three 2015-built scrubber-fitted tankers: MR vessels STI Seneca and STI Osceola at $35 million each, and LR2 tanker STI Solidarity for $60 million, with closings expected in Q1 or Q2 2026.
The vessels carry $20.2 million in debt under the company’s $1 billion 2023 credit facility. Scorpio Tankers also agreed to time charter LR2 tankers STI Lombard (5 years at $33,000/day) and STI Rambla (8 years at $30,500/day), starting Q1–Q2 2026.
On February 14, Evercore ISI reiterated an Outperform rating on Scorpio Tankers but cut the price target to $83 from $86. The price target cut comes on the company delivering higher General and Administrative expenses.
The company delivered adjusted net income of $80 million, or $1.62 per diluted share, for the fourth quarter, a significant improvement from $30.3 million, or $0.63 per share, delivered in Q4 2024. Adjusted net income for the full year totaled $269.5 million or $5.51 per diluted share, a significant reduction from $512.9 million or $10.08 per diluted share delivered in 2024.
On the other hand, B. Riley analyst Liam Burke raised the stock’s price target to $90 from $80 and reiterated a Buy rating. The raise is in response to the company’s fourth quarter time charter equivalent revenue increasing to $241.4 million from $192.1 million a year ago.
Time Charter equivalent revenue for the full year totaled $901 million with an adjusted EBITDA of $568 million and operating cash flow of $517 million. During the year, the company reduced its indebtedness by $2.5 billion, exiting with 91 product tankers.
Scorpio Tankers Inc. reiterated its focus on operating a high-quality fleet, supported by a strong balance sheet capable of generating attractive returns and returns to shareholders. On February 11, the company’s board approved a quarterly dividend of $0.45 per share, payable on March 20 to shareholders of record as of March 6.
Scorpio Tankers Inc. (NYSE:STNG) is a global provider of responsible seaborne transportation, operating a fleet of 93 tankers—37 LR2, 42 MR, and 14 Handymax—through ownership, finance leases, or bareboat charters.
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