Scorpio Tankers (STNG) has released an update.
Scorpio Tankers Inc. has actively repurchased over 640,000 of its common shares at an average price of $78.26, with nearly $200 million remaining in its 2023 Securities Repurchase Program. Additionally, the company provided an update on its daily Time Charter Equivalent (TCE) revenues for the second quarter of 2024, indicating strong performance across its various vessel classes. As a leading marine transporter of petroleum products, Scorpio Tankers owns and operates a sizable fleet and has plans to sell six MR tankers in the third quarter of 2024.
For further insights into STNG stock, check out TipRanks’ Stock Analysis page.
