Weekly Research Analysts’ Ratings Updates for International Seaways (INSW)

A number of research firms have changed their ratings and price targets for International Seaways (NYSE: INSW):

  • 5/10/2022 – International Seaways was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “
  • 5/4/2022 – International Seaways was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “
  • 4/29/2022 – International Seaways was upgraded by analysts at StockNews.com to a “sell” rating.
  • 4/27/2022 – International Seaways is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $27.00 price target on the stock.
  • 4/19/2022 – International Seaways was upgraded by analysts at StockNews.com to a “sell” rating.
  • 3/29/2022 – International Seaways was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “
  • 3/25/2022 – International Seaways was upgraded by analysts at StockNews.com to a “sell” rating.

INSW stock opened at $21.94 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -7.19 and a beta of -0.01. International Seaways, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $22.98. The stock has a fifty day moving average of $19.47 and a 200-day moving average of $17.14.

International Seaways (NYSE:INSWGet Rating) last issued its earnings results on Wednesday, May 4th. The transportation company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.16. International Seaways had a negative return on equity of 7.65% and a negative net margin of 40.68%. During the same period in the prior year, the company posted ($0.48) earnings per share. Equities analysts predict that International Seaways, Inc. will post 2.71 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, March 14th were paid a $0.06 dividend. The ex-dividend date was Friday, March 11th. This represents a $0.24 annualized dividend and a yield of 1.09%. International Seaways’s dividend payout ratio is currently -7.87%.

In related news, major shareholder Finance Ltd Famatown bought 131,308 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was acquired at an average price of $20.74 per share, for a total transaction of $2,723,327.92. Following the purchase, the insider now directly owns 8,166,856 shares in the company, valued at $169,380,593.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 3,000 shares of company stock valued at $57,690. 2.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Loomis Sayles & Co. L P boosted its position in shares of International Seaways by 1.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 623,857 shares of the transportation company’s stock valued at $11,255,000 after acquiring an additional 6,935 shares during the last quarter. Vanguard Group Inc. lifted its position in International Seaways by 1.9% during the first quarter. Vanguard Group Inc. now owns 3,465,109 shares of the transportation company’s stock valued at $62,511,000 after purchasing an additional 64,562 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in International Seaways by 8.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,838,288 shares of the transportation company’s stock worth $33,162,000 after buying an additional 136,964 shares in the last quarter. BlackRock Inc. increased its holdings in shares of International Seaways by 0.5% in the 1st quarter. BlackRock Inc. now owns 3,280,445 shares of the transportation company’s stock worth $59,180,000 after buying an additional 16,434 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of International Seaways by 53.2% in the 1st quarter. Martingale Asset Management L P now owns 50,407 shares of the transportation company’s stock worth $910,000 after buying an additional 17,504 shares during the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels.

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