International Seaways Inc (NYSE:INSW) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.50.
A number of research firms recently commented on INSW. Jefferies Financial Group set a $30.00 price objective on International Seaways and gave the company a “buy” rating in a research note on Thursday, December 6th. ValuEngine raised International Seaways from a “hold” rating to a “buy” rating in a research note on Friday, November 30th. B. Riley set a $22.00 price objective on International Seaways and gave the company a “hold” rating in a research note on Thursday, December 13th. Zacks Investment Research raised International Seaways from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, TheStreet raised International Seaways from a “d” rating to a “c-” rating in a research note on Wednesday.
Get International Seaways alerts:Shares of International Seaways stock traded down $0.50 during trading hours on Friday, hitting $16.02. 1,019 shares of the company were exchanged, compared to its average volume of 64,410. The stock has a market capitalization of $482.05 million, a PE ratio of -55.24 and a beta of 0.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.73 and a quick ratio of 1.69. International Seaways has a 1 year low of $15.23 and a 1 year high of $24.78.
International Seaways (NYSE:INSW) last released its quarterly earnings data on Wednesday, November 7th. The transportation company reported ($1.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.30). International Seaways had a negative return on equity of 7.92% and a negative net margin of 78.00%. The business had revenue of $60.93 million during the quarter, compared to analysts’ expectations of $54.59 million. As a group, equities research analysts anticipate that International Seaways will post -2.44 EPS for the current year.
In other news, major shareholder Paulson & Co. Inc. sold 175,000 shares of International Seaways stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $19.00, for a total value of $3,325,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INSW. Public Employees Retirement Association of Colorado acquired a new position in shares of International Seaways in the 3rd quarter valued at about $188,000. United Services Automobile Association acquired a new position in shares of International Seaways in the 2nd quarter valued at about $225,000. Russell Investments Group Ltd. lifted its stake in shares of International Seaways by 123.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 15,918 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 8,800 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of International Seaways in the 2nd quarter valued at about $427,000. Finally, Rhumbline Advisers lifted its stake in shares of International Seaways by 41.5% in the 4th quarter. Rhumbline Advisers now owns 31,479 shares of the transportation company’s stock valued at $530,000 after purchasing an additional 9,228 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.
About International Seaways
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 June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.
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