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Scorpio Tankers Announces Sale and Purchase of LR2 Tankers

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Scorpio Tankers Announces Sale and Purchase of LR2 Tankers

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An announcement from Scorpio Tankers ( (STNG) ) is now available.

On December 16, 2025, Scorpio Tankers Inc. announced agreements to sell two 2016-built LR2 product tankers, STI Goal and STI Gallantry, for $52.3 million each, with sales expected to close in the first quarter of 2026. Concurrently, the company plans to purchase two scrubber-fitted LR2 newbuilding product tankers for $70.8 million each, with deliveries anticipated in the third quarter of 2027. These strategic moves reflect Scorpio Tankers’ ongoing efforts to modernize its fleet and maintain its competitive position in the marine transportation industry.

The most recent analyst rating on (STNG) stock is a Buy with a $67.00 price target. To see the full list of analyst forecasts on Scorpio Tankers stock, see the STNG Stock Forecast page.

Spark’s Take on STNG Stock

According to Spark, TipRanks’ AI Analyst, STNG is a Outperform.

Scorpio Tankers’ strong earnings call performance and positive technical indicators are the most significant factors driving the score. The company’s solid profitability and strategic financial management further support its position. However, challenges in revenue and cash flow growth, along with geopolitical uncertainties, present risks that temper the overall score.

To see Spark’s full report on STNG stock, click here.

More about Scorpio Tankers

Scorpio Tankers Inc. is a global provider of marine transportation of petroleum products. The company owns or lease finances a fleet of 93 product tankers, including LR2, MR, and Handymax tankers, with an average age of 9.8 years. Scorpio Tankers focuses on the sale and purchase of tankers, with several newbuildings under construction and expected deliveries in the coming years.

Average Trading Volume: 914,547

Technical Sentiment Signal: Hold

Current Market Cap: $2.69B

Learn more about STNG stock on TipRanks’ Stock Analysis page.

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