International Seaways (INSW) to Release Earnings on Thursday

International Seaways (NYSE:INSW) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect International Seaways to post earnings of $1.71 per share and revenue of $187.75 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

International Seaways Price Performance

INSW opened at $37.36 on Friday. The stock’s 50 day moving average price is $37.45 and its 200-day moving average price is $43.64. International Seaways has a 52-week low of $32.11 and a 52-week high of $65.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60. The stock has a market capitalization of $1.84 billion, a PE ratio of 3.61 and a beta of -0.11.

Insider Transactions at International Seaways

In related news, SVP Derek G. Solon sold 1,200 shares of International Seaways stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $38.91, for a total transaction of $46,692.00. Following the completion of the transaction, the senior vice president now directly owns 45,687 shares of the company’s stock, valued at $1,777,681.17. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $39.10, for a total transaction of $39,100.00. Following the transaction, the senior vice president now directly owns 48,803 shares of the company’s stock, valued at approximately $1,908,197.30. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,200 shares of company stock valued at $160,402. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group dropped their target price on shares of International Seaways from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.