International Seaways, Inc. (NYSE:INSW) SVP Sells $39,100.00 in Stock

International Seaways, Inc. (NYSE:INSW) SVP William F. Nugent sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $39.10, for a total value of $39,100.00. Following the transaction, the senior vice president now owns 48,803 shares of the company’s stock, valued at approximately $1,908,197.30. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

International Seaways Price Performance

Shares of NYSE:INSW opened at $40.93 on Wednesday. International Seaways, Inc. has a 12 month low of $32.11 and a 12 month high of $65.94. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 3.95 and a beta of -0.11. The stock’s 50 day moving average price is $37.18 and its 200 day moving average price is $44.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.60.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Thursday, November 7th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.15. The company had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $208.75 million. International Seaways had a return on equity of 24.65% and a net margin of 50.91%. The firm’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 earnings per share. Equities research analysts anticipate that International Seaways, Inc. will post 7.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INSW. Blue Trust Inc. bought a new position in shares of International Seaways in the third quarter valued at $41,000. Sunbelt Securities Inc. bought a new position in shares of International Seaways in the third quarter valued at $52,000. KBC Group NV increased its holdings in shares of International Seaways by 65.2% in the third quarter. KBC Group NV now owns 1,084 shares of the transportation company’s stock valued at $56,000 after buying an additional 428 shares in the last quarter. R Squared Ltd bought a new position in shares of International Seaways in the fourth quarter valued at $59,000. Finally, Venturi Wealth Management LLC bought a new position in shares of International Seaways in the fourth quarter valued at $69,000. Institutional investors own 67.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INSW. Stifel Nicolaus downgraded International Seaways from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $69.00 to $56.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group dropped their target price on International Seaways from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.67.

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 trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.