The Most Actionable Tanker Stock Catalyst Right Now
On March 25, Scorpio Tankers released its Q1/Q2 2026 TCE rate update. Q2 LR2 vessels are booked at $101,000 per day with only 16% of days covered. That means 84% of Q2 LR2 revenue days are still open to spot rates currently running well above that level.
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Q4 Earnings Beat Expectations
Q4 earnings came in at $1.62 EPS, beating the $1.37 consensus by $0.25. Revenue was $252.65M, up 23.8% year-over-year. Net cash as of March 20 stood at $384.9M. The stock trades at $73.63 with a 12-month high of $81.85.
Analyst Picture: Mixed but Tilting Upward
BTIG has an $85 target and a buy rating. The consensus sits at $80.50, a Moderate Buy. BofA raised its target from $70 to $72 but kept an underperform rating, which is almost becoming a contrarian signal at this point. DNB Carnegie downgraded from strong-buy to hold in mid-March.
Fleet Moves and Capital Allocation
STNG announced the sale of three product tankers for combined proceeds of $130M. The company also has four MR newbuildings under construction and two VLCC newbuildings on order for 2028 delivery.
Why This Matters
The Q2 LR2 number at $101,000 per day with 84% of days uncovered means STNG’s Q2 earnings could be dramatically higher than current analyst models. This is the kind of setup that produces a significant earnings beat.