International Seaways (INSW) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Seaways in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INSW shares.
View INSW analyst ratings or view top-rated stocks.

4 analysts have issued 12 month target prices for International Seaways' stock. Their INSW share price forecasts range from $50.00 to $70.00. On average, they anticipate the company's stock price to reach $59.20 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for INSW or view top-rated stocks among Wall Street analysts.

International Seaways' stock was trading at $37.02 at the beginning of the year. Since then, INSW shares have increased by 20.4% and is now trading at $44.59.
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International Seaways saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,660,000 shares, an increase of 5.1% from the August 15th total of 1,580,000 shares. Based on an average trading volume of 601,500 shares, the short-interest ratio is presently 2.8 days.
View International Seaways' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our INSW earnings forecast.

International Seaways, Inc. (NYSE:INSW) announced its earnings results on Wednesday, August, 9th. The transportation company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.42. The transportation company earned $292.20 million during the quarter, compared to the consensus estimate of $262.66 million. International Seaways had a trailing twelve-month return on equity of 42.76% and a net margin of 57.03%.

International Seaways declared a quarterly dividend on Wednesday, August 9th. Stockholders of record on Wednesday, September 13th will be given a dividend of $1.42 per share on Wednesday, September 27th. This represents a $5.68 dividend on an annualized basis and a yield of 12.74%. The ex-dividend date is Tuesday, September 12th.
Read our dividend analysis for INSW.

ETFs with the largest weight of International Seaways (NYSE:INSW) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT), Alpha Architect U.S. Quantitative Value ETF (QVAL) and Hypatia Women CEO ETF (WCEO).First Trust Small Cap Growth AlphaDEX Fund (FYC).

International Seaways (NYSE:INSW) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 3.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INSW will have a dividend payout ratio of 5.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INSW.

Based on aggregate information from My MarketBeat watchlists, some companies that other International Seaways investors own include Scorpio Tankers (STNG), Euronav (EURN), Teekay Tankers (TNK), Gilead Sciences (GILD), Nordic American Tankers (NAT), Enterprise Products Partners (EPD), Ford Motor (F), Frontline (FRO), Capital Product Partners (CPLP) and Enbridge (ENB).

International Seaways trades on the New York Stock Exchange (NYSE) under the ticker symbol "INSW."

International Seaways' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.14%), BlackRock Inc. (6.12%), Pale Fire Capital SE (3.65%), Donald Smith & CO. Inc. (2.70%), Victory Capital Management Inc. (2.17%) and State Street Corp (1.87%). Insiders that own company stock include Craig H Stevenson Jr, David I Greenberg, Derek G Solon, Douglas D Wheat, Finance Ltd Famatown, Ian T Blackley, James D Small III, Jeffrey Pribor, Lois K Zabrocky, Randee E Day and William F Nugent.
View institutional ownership trends.

Shares of INSW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INSW stock can currently be purchased for approximately $44.59.

International Seaways (NYSE:INSW) has a market capitalization of $2.18 billion and generates $864.66 million in revenue each year. The transportation company earns $387.89 million in net income (profit) each year or $13.26 on an earnings per share basis.

The company employs 1,800 workers across the globe.

International Seaways' mailing address is 600 THIRD AVENUE 39TH FLOOR, NEW YORK NY, 10016. The official website for the company is www.internationalseaways.com. The transportation company can be reached via phone at (212) 578-1600, via email at dsiever@intlseas.com, or via fax at 212-578-1832.