Shares of International Seaways Inc (NYSE:INSW) have earned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $27.33 for the company and are anticipating that the company will post ($0.58) earnings per share for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 187 out of 255 based on the ratings given to its competitors.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of International Seaways from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. JPMorgan Chase & Co. increased their price objective on shares of International Seaways from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, March 23rd. Finally, ValuEngine upgraded shares of International Seaways from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.
Several institutional investors have recently bought and sold shares of INSW. California Public Employees Retirement System acquired a new stake in International Seaways in the 1st quarter valued at about $235,000. OMERS ADMINISTRATION Corp acquired a new stake in International Seaways in the 1st quarter valued at about $246,000. Wells Fargo & Company MN lifted its stake in International Seaways by 19.9% in the 4th quarter. Wells Fargo & Company MN now owns 38,938 shares of the transportation company’s stock valued at $718,000 after purchasing an additional 6,475 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in International Seaways in the 4th quarter valued at about $842,000. Finally, Alliancebernstein L.P. lifted its stake in International Seaways by 17.9% in the 4th quarter. Alliancebernstein L.P. now owns 51,265 shares of the transportation company’s stock valued at $946,000 after purchasing an additional 7,800 shares during the last quarter. Institutional investors own 84.82% of the company’s stock.
Shares of International Seaways stock traded up $0.32 during trading hours on Wednesday, reaching $21.54. 180,199 shares of the company’s stock were exchanged, compared to its average volume of 165,786. International Seaways has a fifty-two week low of $15.23 and a fifty-two week high of $23.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.66 and a quick ratio of 2.57. The company has a market cap of $604.86 million, a price-to-earnings ratio of -74.28 and a beta of -0.56.
International Seaways (NYSE:INSW) last posted its quarterly earnings data on Friday, May 4th. The transportation company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.15). International Seaways had a negative return on equity of 3.73% and a negative net margin of 60.58%. The business had revenue of $51.98 million for the quarter, compared to analyst estimates of $52.35 million. sell-side analysts expect that International Seaways will post -2.25 earnings per share for the current year.
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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