The share price of Scorpio Tankers Inc. (NYSE:STNG) fell by 2.3% between November 26 and December 3, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oil and refined petroleum products worldwide.
On December 1, BofA analyst Ken Hoexter lowered the firm’s price target on Scorpio Tankers Inc. from $73 to $67, while maintaining a ‘Buy’ rating on its shares. The update came following the increased prospects of a potential peace deal between Ukraine and Russia after Kyiv reportedly agreed to the ‘core terms’ laid out by the Trump administration. Such an agreement could potentially lift Western sanctions and open the doors for Moscow to export its oil to international markets.
In such a scenario, Scorpio Tankers Inc.’s Handymax and MR rates are expected to increase slightly as it gains access to the Russian market. However, the LR2 rates are expected to decrease due to lower ton-miles from the Middle East. It is worth noting that benchmark rates for large crude carriers recently surged to a 5-year high after the US sanctions on the oil exports of Russia’s Rosneft and Lukoil took effect last month, forcing buyers to look for alternative suppliers.
The analyst firm maintains its EPS estimate for Scorpio Tankers Inc. of $5.7 for FY 2025, but trimmed its estimates for the next two years by 14% and 16% to $6.1 and $5.1, respectively.
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