International Seaways Inc (NYSE:INSW) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.00.
Several research analysts recently weighed in on INSW shares. ValuEngine downgraded International Seaways from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. BTIG Research initiated coverage on International Seaways in a report on Friday, October 11th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Investment Research downgraded International Seaways from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.
NYSE INSW traded up $0.90 on Friday, hitting $27.73. The stock had a trading volume of 359,465 shares, compared to its average volume of 187,300. The business’s fifty day moving average price is $25.91 and its 200 day moving average price is $20.30. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.57. International Seaways has a 52-week low of $15.15 and a 52-week high of $27.82. The stock has a market cap of $760.73 million, a price-to-earnings ratio of -12.60 and a beta of 0.30.
International Seaways (NYSE:INSW) last issued its quarterly earnings results on Thursday, November 7th. The transportation company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.03). The business had revenue of $71.28 million for the quarter, compared to analyst estimates of $72.42 million. International Seaways had a negative return on equity of 0.69% and a negative net margin of 2.85%. As a group, sell-side analysts anticipate that International Seaways will post 0.74 EPS for the current year.
In related news, CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.44, for a total value of $26,440.00. Following the completion of the transaction, the chief financial officer now owns 11,992 shares in the company, valued at approximately $317,068.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randee E. Day sold 5,300 shares of International Seaways stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $26.05, for a total value of $138,065.00. Following the sale, the director now directly owns 8,261 shares of the company’s stock, valued at approximately $215,199.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,300 shares of company stock worth $183,995. 1.60% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Founders Capital Management raised its stake in shares of International Seaways by 100.0% in the third quarter. Founders Capital Management now owns 2,000 shares of the transportation company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. Bank of Montreal Can raised its position in International Seaways by 30,442.9% during the 2nd quarter. Bank of Montreal Can now owns 2,138 shares of the transportation company’s stock worth $40,000 after buying an additional 2,131 shares during the last quarter. Quantamental Technologies LLC purchased a new position in International Seaways during the 2nd quarter worth approximately $41,000. Aperio Group LLC purchased a new position in International Seaways during the 2nd quarter worth approximately $65,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in International Seaways during the 2nd quarter valued at approximately $73,000. 77.02% of the stock is currently owned by institutional investors and hedge funds.
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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