Shares of International Seaways Inc (NYSE:INSW) rose 1.1% on Monday . The company traded as high as $24.12 and last traded at $24.00. Approximately 7,809 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 183,361 shares. The stock had previously closed at $23.75.
Several equities analysts recently commented on INSW shares. JPMorgan Chase & Co. upped their price target on shares of International Seaways from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, March 23rd. Zacks Investment Research upgraded shares of International Seaways from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, ValuEngine upgraded shares of International Seaways from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd.
The firm has a market cap of $691.69 million, a P/E ratio of -81.86 and a beta of -0.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.57 and a current ratio of 2.66.
International Seaways (NYSE:INSW) last issued its quarterly earnings results on Friday, May 4th. The transportation company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.15). The firm had revenue of $51.98 million for the quarter, compared to the consensus estimate of $52.35 million. International Seaways had a negative net margin of 60.58% and a negative return on equity of 3.73%. equities analysts expect that International Seaways Inc will post -2.25 EPS for the current year.
A number of large investors have recently modified their holdings of INSW. Donald Smith & CO. Inc. grew its holdings in International Seaways by 184.2% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,407,644 shares of the transportation company’s stock valued at $44,445,000 after purchasing an additional 1,560,422 shares during the last quarter. Mangrove Partners grew its stake in International Seaways by 93.4% in the 4th quarter. Mangrove Partners now owns 777,561 shares of the transportation company’s stock worth $14,354,000 after acquiring an additional 375,417 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in International Seaways by 32.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,030,466 shares of the transportation company’s stock worth $18,136,000 after acquiring an additional 250,173 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in International Seaways in the 4th quarter worth about $1,076,000. Finally, Allianz Asset Management GmbH bought a new position in International Seaways in the 4th quarter worth about $842,000. Institutional investors own 84.82% 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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