Cardston, Alberta--(Newsfile Corp. - August 11, 2025) - Stinger Resources Ltd. (TSXV: STNG) (the "Corporation") is pleased to announce that it has acquired BC Mineral Claims 1118893 and 1118908 from Wild West Gold, located in the Stewart camp of British Columba's Golden Triangle. These two contiguous claims, covering 271.5 hectares, tie the original Dunwell Mine claims to the Glacier Creek claims acquired in 2020, creating one large block of claims in a historically rich area. Wild West Gold was paid $10,0 ...

Company Overview - Scorpio Tankers (NYSE: STNG) is engaged in the maritime transportation of petroleum and crude oil-derived fossil fuels, operating a fleet of 99 tankers [1] - The fleet composition includes 38 LR2 tankers, 47 MR tankers, and 14 other types [1] Investment Focus - The company is of interest to investors looking for value in sectors like oil & gas, metals, and mining, particularly in emerging markets [1] - It is characterized by sustained free cash flows, low leverage, and sustainable debt levels, indicating potential for recovery [1] Shareholder Value - Scorpio Tankers demonstrates a solid pro-shareholder attitude, maintaining consistent buyback programs and dividend distributions [1]

Core Points - Scorpio Tankers Inc. reported a net income of $73.5 million for the three months ended June 30, 2025, a significant decrease from $227.3 million in the same period of 2024 [2][4][36] - The company declared a quarterly cash dividend of $0.40 per share, with a payment date set for August 29, 2025 [10] - Adjusted net income for the second quarter of 2025 was $67.8 million, down from $188.4 million in the same quarter of 2024 [3][5] Financial Performance - For the six months ended June 30, 2025, the company reported a net income of $131.7 million, compared to $441.5 million for the same period in 2024 [6][8] - The average daily Time Charter Equivalent (TCE) revenue decreased to $25,569 per vessel in Q2 2025 from $38,813 in Q2 2024, reflecting a decline in market conditions [36][37] - Total vessel revenue for Q2 2025 was $230.2 million, down from $380.7 million in Q2 2024, with TCE revenue dropping by $150.7 million year-over-year [36] Operational Highlights - The average number of vessels operated decreased to 99.0 in Q2 2025 from 108.7 in Q2 2024, contributing to lower revenues [36] - The company entered into a bareboat charter-out agreement for the MR product tanker STI Bosphorus at a rate of $13,150 per day, expected to commence in August 2025 [24] - Scorpio Tankers has exercised purchase options on three vessels, with scheduled purchases in December 2025 and February 2026 [26][27] Liquidity and Debt Management - As of July 28, 2025, the company had $472.7 million in unrestricted cash and cash equivalents, along with $833.7 million of undrawn revolver capacity [20] - The company prepaid $12.65 million on its 2023 $1.0 Billion Credit Facility in July 2025, which included both term and revolving portions [25][29] - The total outstanding debt as of June 30, 2025, was $924.4 million, with a net debt of $453.3 million after accounting for cash and cash equivalents [23]

Core Viewpoint - Scorpio Tankers Inc. is set to release its second quarter 2025 earnings on July 30, 2025, and will host a conference call to discuss the results [1] Group 1: Conference Call Information - The conference call will take place on July 30, 2025, at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time [2] - Participants can access the conference call via the Scorpio Tankers website and a dedicated webcast link [2] - A telephonic option is available for participants, with specific dial-in numbers provided for US/Canada and international callers [3] Group 2: Company Overview - Scorpio Tankers Inc. specializes in the marine transportation of petroleum products globally [4] - The company currently owns or finances 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers, with an average age of 9.3 years [4]

Group 1 - Scorpio Tankers (STNG) shares increased by 9.2% to close at $45.55, with notable trading volume compared to typical sessions, and a 1.2% gain over the past four weeks [1] - The company has seen an 11% increase in shares over the past month, driven by a spike in demand for petroleum tankers due to a pause in production from major Middle Eastern exporters [1] - The upcoming quarterly earnings report is expected to show earnings of $1.01 per share, reflecting a year-over-year decline of 71.9%, with revenues projected at $215.14 million, down 42.4% from the previous year [2] Group 2 - The consensus EPS estimate for Scorpio Tankers has been revised down by 38.5% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] - Scorpio Tankers holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence, while Okeanis Eco Tankers Corp. (ECO), another company in the shipping industry, has a Zacks Rank of 4 (Sell) [4][5] - Okeanis Eco Tankers Corp.'s EPS estimate remains unchanged at $0.33, representing a year-over-year decline of 73.2% [5]

Core Viewpoint - Scorpio Tankers (STNG) shows potential for significant upside, with a mean price target of $62.71 indicating a 49.8% increase from the current price of $41.85 [1] Price Targets - The average price target consists of seven estimates ranging from a low of $42.00 to a high of $75.00, with a standard deviation of $11.93, suggesting variability in analyst predictions [2] - The lowest estimate indicates a modest increase of 0.4%, while the highest suggests a substantial upside of 79.2% [2] Analyst Consensus and Earnings Estimates - Analysts are increasingly optimistic about STNG's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 4.3%, with one estimate moving higher and no negative revisions [12] Zacks Rank - STNG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13] Caution on Price Targets - While price targets can provide insights, they should not be the sole basis for investment decisions due to historical inaccuracies in predicting actual stock price movements [3][7][10]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

Group 1 - Scorpio Tankers is recognized as one of the most effective and financially strong companies in the tanker sector [1] - The company demonstrated strong performance in the first quarter, indicating robust financial health [1]

Core Viewpoint - Scorpio Tankers reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $0.71 per share, but down from $3.97 per share a year ago, indicating a significant earnings surprise of 45.07% [1][2] Financial Performance - The company achieved revenues of $204.2 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.56%, but down from $389.76 million year-over-year [2] - Over the last four quarters, Scorpio Tankers has exceeded consensus EPS estimates four times and topped consensus revenue estimates twice [2] Stock Performance - Scorpio Tankers shares have declined approximately 24.2% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $200.46 million, and for the current fiscal year, it is $4.54 on revenues of $886.03 million [7] Industry Outlook - The Transportation - Shipping industry, to which Scorpio Tankers belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Scorpio Tankers may be influenced by the overall industry outlook, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Core Viewpoint - Scorpio Tankers Inc. reported a significant decline in net income for the first quarter of 2025 compared to the same period in 2024, alongside a quarterly cash dividend declaration of $0.40 per share [1][6]. Financial Performance - For the three months ended March 31, 2025, the company had a net income of $58.2 million, or $1.26 basic and $1.22 diluted earnings per share, compared to a net income of $214.2 million, or $4.29 basic and $4.11 diluted earnings per share for the same period in 2024 [2][4]. - Adjusted net income for Q1 2025 was $49.0 million, or $1.06 basic and $1.03 diluted earnings per share, excluding a $9.4 million fair value gain and a $0.3 million loss on debt extinguishment [3]. - Total vessel revenue for Q1 2025 was $213.98 million, down from $391.34 million in Q1 2024, with TCE revenue decreasing to $204.2 million from $389.76 million [27][31]. Revenue and Costs - Average daily TCE revenue decreased to $23,971 per vessel in Q1 2025 from $39,660 in Q1 2024, with the average number of vessels decreasing from 110.9 to 99.0 [27][39]. - Vessel operating costs for Q1 2025 were $70.6 million, down from $78.1 million in Q1 2024, while average daily vessel operating costs increased to $7,924 from $7,743 [27][39]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.40 per common share, with a payment date set for June 16, 2025 [6]. Debt and Liquidity - As of April 30, 2025, the company had $397.0 million in unrestricted cash and cash equivalents, and $838.2 million of undrawn revolver capacity [15]. - The company has $173.4 million available under its 2023 Securities Repurchase Program [9]. Recent Significant Events - In April 2025, the company entered into a time charter-out agreement for a Handymax product tanker at an average rate of $24,000 per day [12]. - The company redeemed $70.6 million of its Unsecured Senior Notes due 2025 and placed $200.0 million of new senior unsecured bonds due 2030 at a fixed coupon rate of 7.50% [18][17]. Drydock and Off-Hire Update - The company reported drydock activity and estimated off-hire days for Q1 2025, with actual aggregate costs of $24.7 million and 388 off-hire days [23][24].