International Seaways (NYSE:INSW) Lowered to “Hold” Rating by Wall Street Zen

International Seaways (NYSE:INSW) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other brokerages have also recently issued reports on INSW. Pareto Securities cut shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.67.

International Seaways Trading Down 0.6%

Shares of INSW opened at $48.60 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.40 billion, a PE ratio of 11.07 and a beta of -0.20. International Seaways has a 1 year low of $27.20 and a 1 year high of $55.18. The stock has a 50 day simple moving average of $49.96 and a 200-day simple moving average of $44.77.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) EPS for the quarter. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. The company had revenue of $84.82 million during the quarter. On average, sell-side analysts predict that International Seaways will post 7.77 EPS for the current fiscal year.

Insider Transactions at International Seaways

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $44.12, for a total value of $88,240.00. Following the transaction, the chief executive officer directly owned 186,771 shares in the company, valued at approximately $8,240,336.52. This trade represents a 1.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction on Monday, November 17th. The shares were sold at an average price of $53.58, for a total value of $53,580.00. Following the completion of the sale, the chief financial officer directly owned 71,734 shares of the company’s stock, valued at $3,843,507.72. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,500 shares of company stock worth $1,699,875 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of International Seaways by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,903,764 shares of the transportation company’s stock valued at $133,807,000 after purchasing an additional 42,051 shares during the last quarter. American Century Companies Inc. lifted its holdings in International Seaways by 7.5% in the third quarter. American Century Companies Inc. now owns 1,994,978 shares of the transportation company’s stock valued at $91,929,000 after buying an additional 139,868 shares during the period. Geode Capital Management LLC boosted its stake in International Seaways by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,006,390 shares of the transportation company’s stock valued at $36,718,000 after acquiring an additional 6,076 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in International Seaways by 43.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 709,036 shares of the transportation company’s stock worth $25,866,000 after acquiring an additional 216,325 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in International Seaways by 17.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 544,202 shares of the transportation company’s stock worth $18,068,000 after acquiring an additional 80,591 shares during the period. 67.29% of the stock is currently owned by institutional investors and hedge funds.

About International Seaways

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, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.