Scorpio Tankers Inc. (NYSE:STNG) has entered into five-year time charter agreements for two LR2 product tankers at a daily rate of $29,000 per vessel, starting in Q1 2026. The company owns a fleet of 93 product tankers and is set to sell three LR2 tankers in Q1 2026. Analysts reaffirm a Buy rating with a price target of $75, indicating a 36.4% upside potential. STNG transports refined petroleum and crude oil globally, with 99 owned and leased tankers as of March 2025.

Read more at Yahoo Finance: Wall Street Bullish on Scorpio Tankers (STNG) as Company Signs New Charter Agreements