Scorpio Tankers stock rises 4% on third quarter earnings beat
Published . Updated .
This report is about tanker shipping.
Directly affected
- STNG Scorpio Tankers
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline+2.8% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.5% 9d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| STNG | -2.65% | +0.65% | base | +4.08% | +11.34% | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -4.64% | -1.64% | base | +4.04% | +5.13% | after close | after close |
| TNK | -2.44% | +1.10% | base | +0.83% | +2.88% | after close | after close |
| DHT | +0.06% | +1.80% | base | +2.01% | +4.02% | after close | after close |
| INSW | -0.05% | -0.54% | base | +0.69% | +2.01% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Scorpio Tankers stock rises 4% on third quarter earnings beat Investing.com
Source: Investing.com
Energy
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +2.01% | final price |
| DHT | the next day | +4.02% | final price |
| DHT | three days earlier | +1.80% | final price |
| DHT | five days earlier | +0.06% | final price |
| FRO | that day | +4.04% | final price |
| FRO | the next day | +5.13% | final price |
| FRO | three days earlier | -1.64% | final price |
| FRO | five days earlier | -4.64% | final price |
| INSW | that day | +0.69% | final price |
| INSW | the next day | +2.01% | final price |
| INSW | three days earlier | -0.54% | final price |
| INSW | five days earlier | -0.05% | final price |
| STNG | that day | +4.08% | final price |
| STNG | the next day | +11.34% | final price |
| STNG | three days earlier | +0.65% | final price |
| STNG | five days earlier | -2.65% | final price |
| TNK | that day | +0.83% | final price |
| TNK | the next day | +2.88% | final price |
| TNK | three days earlier | +1.10% | final price |
| TNK | five days earlier | -2.44% | final price |
How solid the energy case looks
12 out of 100
“Scorpio Tankers stock rises 4% on third quarter earnings beat” scores 12 out of 100. The score uses 1 sources.