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

Shares of International Seaways Inc. (NYSE:INSW) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $52.6667.

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research report on Wednesday, October 8th. Pareto Securities cut International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Zacks Research downgraded International Seaways from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen cut shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th.

Insider Activity

In related news, SVP Derek G. Solon sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $53.71, for a total value of $187,985.00. Following the completion of the transaction, the senior vice president directly owned 49,393 shares in the company, valued at $2,652,898.03. The trade was a 6.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $48.26, for a total value of $48,260.00. Following the completion of the transaction, the chief financial officer owned 75,242 shares of the company’s stock, valued at $3,631,178.92. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,500 shares of company stock worth $1,698,825 over the last three months. 2.00% of the stock is currently owned by insiders.

Institutional Trading of International Seaways

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its position in International Seaways by 99.5% during the third quarter. Federated Hermes Inc. now owns 758 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 378 shares during the period. Advisory Services Network LLC purchased a new stake in International Seaways during the 3rd quarter valued at $53,000. EverSource Wealth Advisors LLC raised its stake in International Seaways by 601.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company’s stock valued at $55,000 after buying an additional 1,293 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of International Seaways during the 3rd quarter valued at $64,000. Finally, Blue Trust Inc. boosted its stake in shares of International Seaways by 18.3% in the 2nd quarter. Blue Trust Inc. now owns 1,872 shares of the transportation company’s stock worth $68,000 after buying an additional 289 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors.

International Seaways Stock Down 0.2%

Shares of International Seaways stock opened at $54.41 on Monday. International Seaways has a 1 year low of $27.20 and a 1 year high of $55.18. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 12.39 and a beta of -0.18. The company has a 50-day moving average of $51.00 and a 200 day moving average of $46.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75.

International Seaways (NYSE:INSW) last announced its quarterly earnings data on Wednesday, November 23rd. The transportation company reported ($0.63) earnings per share for the quarter. International Seaways had a return on equity of 10.13% and a net margin of 28.26%.The business had revenue of $84.82 million during the quarter. As a group, sell-side analysts anticipate that International Seaways will post 7.77 earnings per share for the current fiscal year.

International Seaways Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. International Seaways’s dividend payout ratio is presently 10.93%.

About International Seaways

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.