Product Tanker Rates Offer Near-Term Momentum to Scorpio Tankers Inc. (STNG)

Scorpio Tankers Inc. (NYSE:STNG) is one of the 13 best oil and gas storage stocks to buy according to hedge funds.

On February 16, the price target for Scorpio Tankers Inc. (NYSE:STNG) was increased from $56 to $61 by BofA analyst Ken Hoexter, who maintained an Underperform rating on the stock.

While near-term momentum in product tanker rates aided the target multiple, it still remains below the stock’s 5-year midpoint range. This is underpinned by a rising capacity outlook, the potential unwinding of sanctions against Russia, and the likelihood of peak rates.

On February 13, B. Riley analyst Liam Burke increased the firm’s price target on Scorpio Tankers Inc. (NYSE:STNG) from $80 to $90. The analyst maintained his Buy rating on the shares, implying an upside of almost 18%.

Scorpio Tankers reported fourth quarter time charter equivalent revenue of $241.4 million, reflecting solid year-over-year growth and exceeding market expectations. Average daily TCE per vessel climbed to $28,066, while adjusted EBITDA reached $151.6 million, both coming in ahead of consensus forecasts. Burke noted that strengthening product tanker rates should support the company’s ability to deliver a healthy financial performance during 2026.

Scorpio Tankers Inc. (NYSE:STNG) is involved in the marine transportation of crude oil and refined petroleum products worldwide. The company’s fleet comprises tankers owned, leased, or chartered in. The fleet emphasizes fuel-efficient vessels and can transport gasoline, diesel, jet fuel, and more.

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