DNB Carnegie Lowers from Buy to Hold on Scorpio Tankers Inc. (STNG)

Scorpio Tankers Inc. (NYSE:STNG) is one of the 10 Best Shipping Stocks to Buy According to Analysts.

On March 12, 2026, DNB Carnegie lowered Scorpio Tankers Inc. (NYSE:STNG) to Hold from Buy, with a $76 price target.

On March 5, 2026, Scorpio Tankers Inc. (NYSE:STNG) announced that it had agreed to sell three product tankers, including two 2015-built scrubber-fitted MR vessels for $35.0 million each and one LR2 vessel for $60.0 million, with closings scheduled for Q1 or Q2. The corporation also agreed to charter out two LR2 tankers, signing a five-year deal at $33,000 per day and an eight-year contract at $30,500 per day, with both charters set to begin in Q1 or Q2.

Scorpio Tankers Inc. (NYSE:STNG) reported Q4 2025 results with adjusted EBITDA of $151.6 million and adjusted net income of $80.0 million, or $1.70 per share. The firm raised its quarterly dividend to $0.45 per share, representing a 12.5% year over year increase. The company prepaid $154.6 million in debt, covering anticipated amortization until 2027, while also completing several vessel sales and newbuilding purchase agreements through early 2026.

DNB Carnegie Lowers from Buy to Hold on Scorpio Tankers Inc. (STNG)

Scorpio Tankers Inc. (NYSE:STNG) provides marine transportation of petroleum products. It functions in four segments: MR, LR2, Handymax, and LR1.

While we acknowledge the risk and potential of STNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STNG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.