Shares of International Seaways Inc (NYSE:INSW) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $26.67 for the company and are anticipating that the company will post ($0.31) earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Seaways an industry rank of 245 out of 265 based on the ratings given to related companies.
Several research analysts have commented on INSW shares. Zacks Investment Research lowered shares of International Seaways from a “hold” rating to a “strong sell” rating in a research note on Friday, October 20th. Pareto Securities started coverage on shares of International Seaways in a research note on Tuesday, January 16th. They set a “buy” rating for the company. Finally, ValuEngine lowered shares of International Seaways from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Several large investors have recently added to or reduced their stakes in INSW. Legal & General Group Plc lifted its position in shares of 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. Macquarie Group Ltd. bought a new stake in shares of International Seaways during the third quarter worth $199,000. Citadel Advisors LLC bought a new stake in shares of International Seaways during the second quarter worth $244,000. Voya Investment Management LLC bought a new stake in shares of International Seaways during the second quarter worth $292,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of International Seaways during the third quarter worth $325,000. Institutional investors and hedge funds own 84.44% of the company’s stock.
International Seaways (NYSE INSW) traded up $0.03 during midday trading on Friday, reaching $15.70. 209,759 shares of the company’s stock traded hands, compared to its average volume of 198,543. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 3.74. The stock has a market capitalization of $456.71, a price-to-earnings ratio of -6.25 and a beta of -1.08. International Seaways has a 52 week low of $15.23 and a 52 week high of $23.43.
International Seaways (NYSE:INSW) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.13). International Seaways had a positive return on equity of 1.36% and a negative net margin of 23.86%. research analysts anticipate that International Seaways will post -0.1 EPS for the current fiscal year.
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About International Seaways
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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