International Seaways Inc (NYSE:INSW) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.67.
Separately, Zacks Investment Research raised shares of International Seaways from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Saturday, April 20th.
A number of hedge funds and other institutional investors have recently made changes to their positions in INSW. Rhumbline Advisers grew its holdings in shares of International Seaways by 41.5% during the fourth quarter. Rhumbline Advisers now owns 31,479 shares of the transportation company’s stock valued at $530,000 after buying an additional 9,228 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of International Seaways by 39.4% during the 4th quarter. California Public Employees Retirement System now owns 23,055 shares of the transportation company’s stock worth $388,000 after purchasing an additional 6,520 shares during the last quarter. BlackRock Inc. lifted its position in shares of International Seaways by 2.7% during the 4th quarter. BlackRock Inc. now owns 1,616,320 shares of the transportation company’s stock worth $27,219,000 after purchasing an additional 41,866 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of International Seaways by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 109,638 shares of the transportation company’s stock worth $1,846,000 after purchasing an additional 3,760 shares during the last quarter. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of International Seaways during the 4th quarter worth about $631,000. Institutional investors own 77.34% of the company’s stock.
Shares of INSW stock traded down $0.05 on Wednesday, hitting $18.99. 1,117 shares of the company’s stock traded hands, compared to its average volume of 172,085. The company has a quick ratio of 1.88, a current ratio of 1.92 and a debt-to-equity ratio of 0.75. International Seaways has a one year low of $15.61 and a one year high of $24.15. The firm’s fifty day moving average is $18.40. The stock has a market cap of $557.81 million, a PE ratio of -8.67 and a beta of 0.20.
International Seaways (NYSE:INSW) last released its earnings results on Thursday, May 9th. The transportation company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The company had revenue of $101.87 million for the quarter, compared to analyst estimates of $96.31 million. International Seaways had a negative net margin of 15.22% and a negative return on equity of 3.01%. As a group, equities research analysts anticipate that International Seaways will post 0.19 EPS for the current year.
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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