A number of other equities research analysts have also weighed in on the stock. B. Riley boosted their price objective on shares of International Seaways from $21.50 to $27.25 and gave the stock a neutral rating in a report on Thursday, October 24th. BTIG Research started coverage on shares of International Seaways in a report on Friday, October 11th. They set a buy rating and a $30.00 price target for the company. Finally, Zacks Investment Research lowered shares of International Seaways from a buy rating to a hold rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $28.56.
Shares of INSW traded up $0.95 during mid-day trading on Friday, reaching $24.35. The company’s stock had a trading volume of 250,774 shares, compared to its average volume of 186,193. The stock has a market cap of $739.03 million, a PE ratio of -11.07 and a beta of 0.28. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.76. International Seaways has a 52 week low of $15.15 and a 52 week high of $27.01. The company’s fifty day moving average price is $23.23 and its two-hundred day moving average price is $19.31.
International Seaways (NYSE:INSW) last announced its quarterly earnings data on Thursday, August 8th. The transportation company reported ($0.51) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.03. The firm had revenue of $69.01 million during the quarter, compared to analyst estimates of $71.97 million. International Seaways had a negative net margin of 13.98% and a negative return on equity of 2.49%. Research analysts anticipate that International Seaways will post 3.5 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in International Seaways by 18.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,604,359 shares of the transportation company’s stock valued at $50,160,000 after purchasing an additional 404,977 shares during the period. BlackRock Inc. increased its position in International Seaways by 15.3% during the 2nd quarter. BlackRock Inc. now owns 1,818,598 shares of the transportation company’s stock valued at $34,553,000 after purchasing an additional 241,547 shares during the period. Vanguard Group Inc. increased its position in International Seaways by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,809,748 shares of the transportation company’s stock valued at $34,385,000 after purchasing an additional 19,567 shares during the period. Carlson Capital L P increased its position in International Seaways by 44.6% during the 2nd quarter. Carlson Capital L P now owns 474,067 shares of the transportation company’s stock valued at $9,007,000 after purchasing an additional 146,300 shares during the period. Finally, Northern Trust Corp increased its position in International Seaways by 3.3% during the 2nd quarter. Northern Trust Corp now owns 301,926 shares of the transportation company’s stock valued at $5,737,000 after purchasing an additional 9,659 shares during the period. Institutional investors own 76.54% of the company’s stock.
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 trades. It operates through two segments, Crude Tankers and Product Carriers. As of December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.
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