International Seaways Inc. (NYSE:INSW) Stock Has Average Target Price of $109.80

Key Points

• Analysts maintain a Moderate Buy consensus on International Seaways, with six buy ratings and two holds. The average 12-month price target is $109.80, though recent targets range as high as $140.
• International Seaways reported quarterly EPS of $5.91, exceeding estimates of $5.55, while revenue rose 138.9% year over year to $467.29 million.
• The company increased its quarterly dividend to $5.05, implying a 17.4% annualized yield, although its payout ratio stands at 129.16%.

Shares of International Seaways Inc. (NYSE:INSW - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $109.80.

INSW has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of International Seaways from $100.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Zacks Research downgraded shares of International Seaways from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Weiss Ratings restated a "buy (b-)" rating on shares of International Seaways in a report on Friday, August 7th. B. Riley Financial lifted their target price on shares of International Seaways from $120.00 to $140.00 and gave the company a "buy" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $107.00 price target on shares of International Seaways in a research report on Tuesday, September 1st.

International Seaways Price Performance

NYSE:INSW opened at $116.28 on Wednesday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.29 and a beta of -0.14. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. The company's 50-day moving average is $101.70 and its two-hundred day moving average is $88.51. International Seaways has a 12-month low of $42.26 and a 12-month high of $120.00.

International Seaways (NYSE:INSW - Get Free Report) last released its earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, topping the consensus estimate of $5.55 by $0.36. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. The firm had revenue of $467.29 million during the quarter, compared to analysts' expectations of $406.38 million. During the same period in the previous year, the company earned $1.02 EPS. International Seaways's revenue for the quarter was up 138.9% on a year-over-year basis. Research analysts expect that International Seaways will post 16.48 EPS for the current year.

International Seaways Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $5.05 dividend. This is a boost from International Seaways's previous quarterly dividend of $0.12. This represents a $20.20 annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend was Thursday, September 10th. International Seaways's dividend payout ratio is currently 129.16%.

Insider Activity at International Seaways

In other International Seaways news, CEO Lois Zabrocky sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $108.01, for a total transaction of $216,020.00. Following the transaction, the chief executive officer owned 171,745 shares of the company's stock, valued at $18,550,177.45. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.70% of the company's stock.

Institutional Trading of International Seaways

A number of institutional investors and hedge funds have recently made changes to their positions in INSW. Quantbot Technologies LP acquired a new position in International Seaways during the 2nd quarter worth $28,000. Allworth Financial LP bought a new stake in shares of International Seaways during the second quarter valued at about $48,000. Public Employees Retirement System of Ohio bought a new stake in shares of International Seaways during the second quarter valued at about $66,000. Compass Financial Management LLC bought a new stake in shares of International Seaways during the second quarter valued at about $86,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in International Seaways by 583.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company's stock worth $47,000 after purchasing an additional 822 shares during the period. 67.29% of the stock is currently owned by institutional investors and hedge funds.

International Seaways Company Profile

International Seaways, Inc NYSE: INSW is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.

Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.

International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.