International Seaways, Inc. (NYSE:INSW – Get Free Report) CAO James D. Small III sold 7,500 shares of International Seaways stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $55.20, for a total value of $414,000.00. Following the sale, the chief accounting officer now directly owns 55,138 shares in the company, valued at approximately $3,043,617.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
International Seaways Stock Performance
NYSE:INSW opened at $55.05 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.73 and a quick ratio of 2.72. International Seaways, Inc. has a 1 year low of $35.29 and a 1 year high of $65.94. The stock’s 50 day simple moving average is $58.74 and its two-hundred day simple moving average is $53.38. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 5.14 and a beta of -0.04.
International Seaways (NYSE:INSW – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The transportation company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.54. The business had revenue of $274.40 million for the quarter, compared to the consensus estimate of $249.12 million. International Seaways had a return on equity of 29.74% and a net margin of 49.88%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 EPS. As a group, equities analysts anticipate that International Seaways, Inc. will post 10.07 earnings per share for the current fiscal year.
International Seaways Increases Dividend
Hedge Funds Weigh In On International Seaways
Several large investors have recently modified their holdings of INSW. EverSource Wealth Advisors LLC bought a new position in shares of International Seaways during the 1st quarter valued at approximately $27,000. Headlands Technologies LLC increased its position in shares of International Seaways by 173.4% during the 1st quarter. Headlands Technologies LLC now owns 905 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 574 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of International Seaways during the 1st quarter valued at approximately $108,000. Bfsg LLC bought a new position in shares of International Seaways during the 4th quarter valued at approximately $167,000. Finally, U S Global Investors Inc. increased its position in shares of International Seaways by 144.5% during the 4th quarter. U S Global Investors Inc. now owns 4,230 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 67.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on International Seaways from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lifted their target price on International Seaways from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. StockNews.com raised International Seaways from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 price objective on shares of International Seaways in a research note on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $63.25.
Read Our Latest Analysis on International Seaways
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.
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