Media stories about International Seaways (NYSE:INSW) have been trending somewhat negative on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. International Seaways earned a news impact score of -0.04 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 47.9107562906037 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
Shares of International Seaways traded up $0.21, reaching $19.75, during midday trading on Friday, according to Marketbeat. The company had a trading volume of 92,596 shares, compared to its average volume of 111,376. International Seaways has a one year low of $19.59 and a one year high of $19.78. The company has a current ratio of 2.66, a quick ratio of 2.72 and a debt-to-equity ratio of 0.47. The firm has a market cap of $578.93 million, a PE ratio of -68.10 and a beta of -0.58.
International Seaways (NYSE:INSW) last released its earnings results on Friday, May 4th. The transportation company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.15). International Seaways had a negative net margin of 60.58% and a negative return on equity of 3.73%. The company had revenue of $51.98 million during the quarter, compared to the consensus estimate of $52.35 million. equities research analysts forecast that International Seaways will post -2.25 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on INSW. Zacks Investment Research lowered International Seaways from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Pareto Securities began coverage on International Seaways in a research note on Tuesday, January 16th. They issued a “buy” rating for the company. JPMorgan Chase boosted their target price on International Seaways from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, March 23rd. Finally, ValuEngine lowered International Seaways from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
In related news, major shareholder Paulson & Co. Inc. bought 357,479 shares of the stock in a transaction dated Thursday, March 15th. The stock was bought at an average price of $18.34 per share, with a total value of $6,556,164.86. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
International Seaways Company Profile
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 March 8, 2018, the company owned or operated a fleet of 53 vessels, including 1 ultra large crude carrier, 9 very large crude carriers, 2 Suezmaxes, 8 Aframaxes, 12 Panamaxes, and 15 medium range tankers.
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