Bullish Case: Scorpio Tankers is repurchasing shares [Helium], raised their dividends [seekingalpha.com], and is being favored by institutional investors [defenseworld.net]. Significant stock repurchases suggest confidence in the company's future prospects [Helium].


Show historical bullish cases

Bearish Case: There is a bearish signal with the selling of a large block of Put contracts against STNG [Helium]. The stock can be potentially overvalued with a 228.3% increase from five years ago [Helium], creating a price correction risk.


Show historical bearish cases

Takeaway: Scorpio Tankers has displayed positive financial strength through share repurchasing and dividend increases. However, concerns about overvaluation and the sell-off of Put contracts indicate a need for caution [Helium, Helium, Helium].


Show historical takeaways

Potential Outcomes:

1. Demand for tankers remains strong in near term due to low inventory levels and modest newbuilding orderbooks (65% probability) [Market Watch].

2. Scorpio Tankers experiences a price correction due to being potentially overvalued, leading to a drop in price (35% probability) [Helium].


November 15, 2023


Scorpio Tankers Forecast

[STNG]  Scorpio Tankers
Price Forecast: BULLISH    Price Action: RANDOM (?)






Become a more profitable trader with AI optimized trading strategies




Correlated Stock Forecasts

Assets that tend to move strongly with STNG



PGR Forecast + Options Trading Strategies   [PGR]  Progressive (0.69)


JXN Forecast + Options Trading Strategies   [JXN]  Jackson Financial (0.67)


HPK Forecast + Options Trading Strategies   [HPK]  HighPeak Energy (0.61)


KTB Forecast + Options Trading Strategies   [KTB]  Kontoor Brands (0.6)


TNP Forecast + Options Trading Strategies   [TNP]  Tsakos Energy Navigation (0.56)



Uncorrelated Stock Forecasts

Assets with little price relationship to STNG



TEAM Forecast + Options Trading Strategies   [TEAM]  Atlassian (0.0)


STAA Forecast + Options Trading Strategies   [STAA]  Staar Surgical (0.0)


DD Forecast + Options Trading Strategies   [DD]  DuPont de Nemours (0.0)


TDW Forecast + Options Trading Strategies   [TDW]  Tidewater Inc. - New (-0.0)


SIMO Forecast + Options Trading Strategies   [SIMO]  Silicon Motion Technology (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against STNG



ISRG Forecast + Options Trading Strategies   [ISRG]  Intuitive Surgical (-0.71)


CWH Forecast + Options Trading Strategies   [CWH]  Camping World (-0.71)


IAC Forecast + Options Trading Strategies   [IAC]  IAC InterActiveCorp. (-0.71)


PCT Forecast + Options Trading Strategies   [PCT]  PureCycle (-0.72)


NNOX Forecast + Options Trading Strategies   [NNOX]  Nano X Imaging (-0.78)