Shares of Scorpio Tankers Inc. (STNG) Rise to a New 52-Week High

IBN Spotlights
Thursday, September 22, 2022 at 6:26pm UTC

Shares of Scorpio Tankers Inc. (NYSE:STNG) traded today at $46.30, eclipsing its 52-week high. Approximately 748,000 shares have changed hands today, as compared to an average 30-day volume of 902,000 shares.

Scorpio Tankers Inc. share prices have moved between a 52-week high of $46.30 and a 52-week low of $11.02 and are now trading 303% above that low price at $44.44 per share.

Scorpio Tankers Inc is a shipping company. It is engaged in providing the seaborne transportation of refined petroleum products. It serves its end users in the petroleum supply chain by distributing products such as gasoline, heating oil, and fuel oil from refineries.

There is potential upside of 578.0% for shares of Scorpio Tankers Inc. based on a current price of $44.44 and an average consensus analyst price target of $301.31.

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