International Seaways Inc (NYSE:INSW) Given Consensus Recommendation of “Hold” by Analysts

International Seaways Inc (NYSE:INSW) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.20.

INSW has been the subject of several recent research reports. TheStreet downgraded shares of International Seaways from a “c-” rating to a “d+” rating in a research note on Friday, July 10th. ValuEngine downgraded shares of International Seaways from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. Fearnley Fonds downgraded shares of International Seaways from a “buy” rating to a “sell” rating and set a $18.00 target price for the company. in a research note on Tuesday, June 2nd. B. Riley increased their target price on shares of International Seaways from $32.50 to $35.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Pareto Securities downgraded shares of International Seaways from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Thursday, June 4th.

NYSE:INSW opened at $17.27 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.63 and a quick ratio of 1.60. International Seaways has a 12 month low of $14.89 and a 12 month high of $31.39. The firm has a market capitalization of $498.14 million, a PE ratio of 24.32 and a beta of -0.02. The business’s fifty day moving average price is $17.23 and its 200 day moving average price is $21.06.

International Seaways (NYSE:INSW) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.02. International Seaways had a net margin of 5.46% and a return on equity of 5.48%. The company had revenue of $125.34 million during the quarter, compared to the consensus estimate of $123.34 million. As a group, equities analysts anticipate that International Seaways will post 5.51 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its position in International Seaways by 2.1% in the first quarter. New York State Common Retirement Fund now owns 38,847 shares of the transportation company’s stock valued at $928,000 after purchasing an additional 785 shares during the period. Founders Capital Management grew its stake in International Seaways by 100.0% in the 1st quarter. Founders Capital Management now owns 2,000 shares of the transportation company’s stock worth $43,000 after acquiring an additional 1,000 shares during the period. Alliancebernstein L.P. grew its stake in International Seaways by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 40,665 shares of the transportation company’s stock worth $1,210,000 after acquiring an additional 1,000 shares during the period. Acadian Asset Management LLC grew its stake in International Seaways by 141.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,227 shares of the transportation company’s stock worth $53,000 after acquiring an additional 1,306 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in International Seaways by 20.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,130 shares of the transportation company’s stock worth $194,000 after acquiring an additional 1,353 shares during the period. Hedge funds and other institutional investors own 82.24% of the company’s stock.

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 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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Analyst Recommendations for International Seaways (NYSE:INSW)

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