Scorpio Tankers Inc
STNG:NYSE
| Last | Change / % Change | Dividend Yield | Volume | Avg Volume (10 day) |
|---|---|---|---|---|
| 9.97 | -0.13 -1.29% | 3.56% | 1,819,775 | 4.5M |
Latest News Headlines for Scorpio Tankers Inc
Scorpio Tankers Announces New $150 Million Stock Buyback Program, Initial Purchasers' Exercise of Their Option to Purchase Additional $60 Million in Convertible Senior Notes Due 2019, and Newbuilding Vessel Deliveries
Scorpio Tankers Inc. Announces Pricing of $300,000,000 of Convertible Senior Notes Due 2019 MONACO--(Marketwired - Jun 25, 2014) - Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today the pricing of its offering of $300,000,000 in aggregate principal amount of its 2.375% convertible senior notes due 2019 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The private offering was upsized from the previously announced $250,000,000 aggregate principal amount of the Notes. The Company has granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $60,000,000 in aggregate principal amount of the Notes in connection with the offering. The offering is expected to close on June 30, 2014, subject to the satisfaction of certain customary closing conditions. The Notes will bear interest at a rate of 2.375% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2015. Upon conversion of the Notes at the option of holders in certain circumstances and during certain periods, holders will receive shares of the Company's common stock. The initial conversion rate for each $1,000 aggregate principal amount of Notes is 82.0075 shares of common stock, equivalent to a conversion price of approximately $12.19 per share, and will be subject to adjustments described in the private offering memorandum relating to the Notes.
Editor Note: For more information about this release, please scroll to bottom. LONDON, June 24, 2014 /PRNewswire/ -- On Monday, June 23, 2014, the NASDAQ Composite ended at 4,368.68, up 0.01%, the Dow Jones Industrial Average edged 0.06% lower to finish the day at 16,937.26, and the S&P; 500 closed at 1,962.61, down 0.01%. The recent session welcomed some action on the Energy, Telecommunication Services, and Financial sectors that positively impacted the broader market. The S&P; 500 Energy Sector Index ended the day at 737.09, up 0.40%, with the index gaining 15.72% in the previous three months. Investor-Edge has initiated coverage on the following equities: Kodiak Oil & Gas Corp. (NYSE: KOG), Encana Corp. (NYSE: ECA), Scorpio Tankers Inc. (NYSE: STNG) and Ship Finance International Ltd (NYSE: SFL). Free technical research on KOG, ECA, STNG and SFL can be downloaded upon signing up at:
Company Background
Scorpio Tankers Inc. is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets. The Company's subsidiaries include Noemi Shipping Company Limited, Senatore Shipping Company Limited, Venice Shipping Company Limited and Sting LLC. The Company's vessels are technically managed by Scorpio Commercial Management S.A.M. (SCM). The Company's vessels are technically managed by Scorpio Ship Management S.A.M. (SSM). In December 2013, Scorpio Tankers Inc acquired a 30% interest in Dorian LPG Ltd.
| Bid/Size | Ask/Size |
|---|---|
| -- / -- | -- / -- |
| Price Open | Previous Close |
|---|---|
| 10.09 | 10.10 |
| Day High | Day Low |
|---|---|
| 10.13 | 9.94 |
| 52wk High/Date | 52wk Low/Date |
|---|---|
| 12.48 / 11/6/2013 | 8.57 / 4/15/2014 |
| % off 52wk High | % off 52wk Low |
|---|---|
| -20.11% | 16.34% |
| Beta (5 Yr) | Market Capitalization |
|---|---|
| 1.8 | 1.8B Small Cap |
| Shares Outstanding | Volatility Avg |
|---|---|
| 178.5M | 30.74 |
| EPS(TTM) | P/E Ratio |
|---|---|
| 0.34 | 29.2 |
| Dividend Announcement | Dividend Yield |
|---|---|
| 4/28/2014 | 3.56% |
| Ex-Date | Date of Record |
|---|---|
| 5/22/2014 | 5/27/2014 |
| Payable | Payable Date |
|---|---|
| 0.09 - QRTR | 6/12/2014 |
Peers Information HelpSTNG Scorpio Tankers Inc vs. Peers
| Peers | |
|---|---|
STNG Scorpio Tankers Inc | -14.33% |
Enterprise Products Partners L.P. | 18.84% |
Energy Transfer Equity LP | 44.29% |
Kinder Morgan Inc | 0.14% |
Spectra Energy Corp. | 19.17% |
STNG Scorpio Tankers Inc | 3.61% |
Enterprise Products Partners L.P. | 3.60% |
Energy Transfer Equity LP | 2.43% |
Kinder Morgan Inc | 4.66% |
Spectra Energy Corp. | 3.16% |
STNG Scorpio Tankers Inc | -1.29% |
Enterprise Products Partners L.P. | -0.33% |
Energy Transfer Equity LP | -0.71% |
Kinder Morgan Inc | -0.83% |
Spectra Energy Corp. | -0.33% |