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

Key Points

• Analysts remain bullish on International Seaways: Eight brokerages give the stock a consensus “Buy” rating, with an average 12-month price target of $109.80. 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 $20.20 annualized payout and an approximately 18% yield, though its payout ratio stands at 129.16%.

International Seaways Inc. (NYSE:INSW - Get Free Report) has been assigned an average recommendation of "Buy" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $109.80.

Several equities analysts have recently weighed in on INSW shares. B. Riley Financial increased their price objective on shares of International Seaways from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, October 5th. Wall Street Zen lowered shares of International Seaways from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Jefferies Financial Group boosted their target price 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. BTIG Research upped their target price on shares of International Seaways from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $107.00 price target on shares of International Seaways in a research report on Tuesday, September 1st.

International Seaways Trading Down 1.5%

NYSE:INSW opened at $111.94 on Friday. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. International Seaways has a 12 month low of $46.09 and a 12 month high of $126.27. The company has a market cap of $5.54 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.30 and a beta of -0.14. The company has a 50 day simple moving average of $108.47 and a two-hundred day simple moving average of $85.47.

International Seaways (NYSE:INSW - Get Free Report) last announced its earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share for the quarter, beating analysts' consensus estimates of $5.55 by $0.36. The business had revenue of $467.29 million during the quarter, compared to analyst estimates of $406.38 million. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. The company's quarterly revenue was up 138.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 EPS. Research analysts forecast that International Seaways will post 17.47 earnings per share for the current year.

International Seaways Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $5.05 dividend. This is a positive change from International Seaways's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, September 10th. This represents a $20.20 annualized dividend and a dividend yield of 18.0%. International Seaways's dividend payout ratio (DPR) is currently 129.16%.

Insider Buying and Selling at International Seaways

In related news, major shareholder Finance Ltd Famatown sold 64,821 shares of the firm's stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $125.05, for a total value of $8,105,866.05. Following the transaction, the insider directly owned 6,500,566 shares of the company's stock, valued at approximately $812,895,778.30. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lois Zabrocky sold 2,000 shares of International Seaways stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $114.23, for a total value of $228,460.00. Following the transaction, the chief executive officer owned 169,745 shares in the company, valued at $19,389,971.35. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 655,028 shares of company stock valued at $76,362,341 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of International Seaways in the 2nd quarter worth approximately $28,000. Root Financial Partners LLC bought a new position in shares of International Seaways during the 3rd quarter valued at approximately $33,000. Mather Group LLC. raised its holdings in International Seaways by 100.0% during the 3rd quarter. Mather Group LLC. now owns 400 shares of the transportation company's stock valued at $44,000 after buying an additional 200 shares during the period. Rockefeller Capital Management L.P. raised its holdings in International Seaways by 583.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company's stock valued at $47,000 after buying an additional 822 shares during the period. Finally, Allworth Financial LP bought a new stake in International Seaways in the second quarter worth $48,000. 67.29% of the stock is owned by hedge funds and other institutional investors.

International Seaways Company Profile

International Seaways, Inc NYSE: INSW is a maritime transportation company that owns and operates oceangoing tankers. Its vessels transport crude oil, refined petroleum products and other energy-related cargoes for oil companies, commodity traders, refiners and other customers in international markets.

The company's fleet includes large crude carriers and product tankers serving a range of transportation needs. International Seaways operates vessels on the global waterborne energy transportation network, with routes connecting major oil-producing regions, refining centers and consuming markets.

International Seaways was established as an independent public company in 2016 following its spin-off from Overseas Shipholding Group.

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