International Seaways (NYSE:INSW) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
INSW has been the subject of a number of other reports. Zacks Investment Research cut shares of International Seaways from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Pareto Securities began coverage on shares of International Seaways in a report on Tuesday, January 16th. They set a “buy” rating for the company.
International Seaways (INSW) opened at $16.63 on Friday. The stock has a market cap of $483.77, a PE ratio of 30.24 and a beta of -1.08. International Seaways has a twelve month low of $16.37 and a twelve month high of $23.43. The company has a current ratio of 3.78, a quick ratio of 3.74 and a debt-to-equity ratio of 0.44.
International Seaways (NYSE:INSW) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.13). International Seaways had a negative net margin of 23.86% and a positive return on equity of 1.36%. sell-side analysts anticipate that International Seaways will post -0.1 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in International Seaways by 61.7% during the second quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock worth $138,000 after purchasing an additional 2,424 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in International Seaways by 20.1% during the second quarter. Goldman Sachs Group Inc. now owns 35,965 shares of the transportation company’s stock worth $779,000 after purchasing an additional 6,019 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in International Seaways by 44.2% during the third quarter. Wells Fargo & Company MN now owns 32,463 shares of the transportation company’s stock worth $639,000 after purchasing an additional 9,945 shares during the last quarter. Macquarie Group Ltd. purchased a new position in International Seaways during the third quarter worth about $199,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in International Seaways by 93.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,930 shares of the transportation company’s stock worth $497,000 after purchasing an additional 11,054 shares during the last quarter. Institutional investors and hedge funds own 84.44% of the company’s stock.
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International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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