B. Riley started coverage and set USD 120 target for Scorpio Tankers stock

Published on 10/08/2026 at 23:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 408.73 million, up 77.50 percent year over year. Scorpio Tankers stock was EUR 78.80 on October 8, 2026, plus 4.40 percent.

Key points in brief

B. Riley Securities began coverage with a Buy rating and a USD 120.00 target on October 5, 2026.
Second-quarter 2026 revenue reached USD 408.73 million, up 77.50 percent year over year.
Lang & Schwarz showed EUR 78.80 on October 8, 2026, plus 4.40 percent versus EUR 75.48.

STNG, MHY7542C1306, Illustration mit AI erstellt.

Scorpio Tankers stock (ISIN MHY7542C1306) received a USD 120.00 price target when B. Riley Securities began coverage with a Buy rating on October 5, 2026, according to Markets Insider. The latest operating figures give that target a strong earnings backdrop, while the fleet plan adds a significant capital commitment.

B. Riley adds a USD 120 target

The October 5, 2026 rating followed Scorpio Tankers' second-quarter results for the period ended June 30, 2026. Yahoo Finance reported that earnings per share reached USD 4.68, above the USD 4.51 consensus estimate, while time charter equivalent revenue rose 75.90 percent year over year to USD 391.80 million.

Three milestones shape the setup

On July 30, 2026, second-quarter revenue reached USD 408.73 million and net income reached USD 387.54 million, compared with USD 230.23 million and USD 73.51 million a year earlier, respectively, according to Markets Insider. On September 29, 2026, the company announced agreements to sell three tankers for USD 180.50 million and buy four newbuildings for USD 415.60 million, according to Quiver Quantitative. On October 5, 2026, B. Riley added the USD 120.00 target and Buy rating.

What does the fleet plan mean for cash flow?

The transaction mix refreshes the fleet but also creates a substantial funding schedule. The four vessels comprise two LR2 tankers priced at USD 72.80 million each and two VLCCs priced at USD 135.00 million each, with deliveries scheduled for 2028 and 2029, according to Quiver Quantitative. The counterweight is tanker-market cyclicality: freight rates, vessel supply and trade routes can change quickly, making the earnings leverage a two-sided factor.

Next reporting date is November 2

The next earnings report is listed for November 2, 2026, according to Investing.com. Newbuilding deliveries are scheduled for September and October 2028 and October and November 2029.

STNG price gains against prior close

STNG was trading at EUR 78.80 at Lang & Schwarz on October 8, 2026, up 4.40 percent versus the Lang & Schwarz prior close of EUR 75.48. The primary listing data showed a last price of USD 88.15 on NYSE on October 8, 2026, with a 52-week range of USD 48.93 to USD 90.06 and market capitalization of USD 4.4 billion.

The further course of trading is shown by the continuously updated real-time quote of Scorpio Tankers stock.