Other research analysts have also issued research reports about the company. B. Riley boosted their price target on International Seaways from $21.50 to $27.25 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Zacks Investment Research lowered International Seaways from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, BTIG Research assumed coverage on International Seaways in a research report on Friday, October 11th. They set a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. International Seaways currently has an average rating of “Hold” and an average target price of $28.56.
INSW stock traded up $0.95 during trading on Friday, reaching $24.35. 250,774 shares of the company’s stock were exchanged, compared to its average volume of 186,193. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.76. International Seaways has a 1-year low of $15.15 and a 1-year high of $27.01. The company’s fifty day moving average price is $23.23 and its 200-day moving average price is $19.31. The firm has a market cap of $739.03 million, a PE ratio of -11.07 and a beta of 0.28.
International Seaways (NYSE:INSW) last announced its quarterly earnings results on Thursday, August 8th. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.03. International Seaways had a negative return on equity of 2.49% and a negative net margin of 13.98%. The company had revenue of $69.01 million during the quarter, compared to analyst estimates of $71.97 million. As a group, sell-side analysts expect that International Seaways will post 3.5 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in INSW. Founders Capital Management lifted its holdings in shares of International Seaways by 100.0% during the third quarter. Founders Capital Management now owns 2,000 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of International Seaways by 30,442.9% during the second quarter. Bank of Montreal Can now owns 2,138 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 2,131 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of International Seaways during the second quarter valued at $41,000. Aperio Group LLC purchased a new stake in shares of International Seaways during the second quarter valued at $65,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of International Seaways during the second quarter valued at $73,000. Institutional investors and hedge funds own 76.54% 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 December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.
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