International Seaways (INSW) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for International Seaways in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INSW shares.
View INSW analyst ratings or view top-rated stocks.

6 brokers have issued 12-month target prices for International Seaways' shares. Their INSW share price forecasts range from $50.00 to $70.00. On average, they expect the company's stock price to reach $60.60 in the next twelve months. This suggests a possible upside of 60.2% 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 on January 1st, 2023. Since then, INSW shares have increased by 2.2% and is now trading at $37.82.
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International Seaways saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,610,000 shares, an increase of 6.6% from the April 15th total of 1,510,000 shares. Based on an average trading volume of 696,000 shares, the days-to-cover ratio is currently 2.3 days.
View International Seaways' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our INSW earnings forecast.

International Seaways, Inc. (NYSE:INSW) posted its earnings results on Friday, May, 5th. The transportation company reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $0.34. The transportation company had revenue of $287.13 million for the quarter, compared to analysts' expectations of $277.30 million. International Seaways had a net margin of 54.60% and a trailing twelve-month return on equity of 39.81%.

International Seaways declared a quarterly dividend on Thursday, May 4th. Investors of record on Wednesday, June 14th will be paid a dividend of $1.62 per share on Wednesday, June 28th. This represents a $6.48 annualized dividend and a yield of 17.13%. The ex-dividend date of this dividend is Tuesday, June 13th.
Read our dividend analysis for INSW.

ETFs with the largest weight of International Seaways (NYSE:INSW) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), Alpha Architect U.S. Quantitative Value ETF (QVAL), SonicShares Global Shipping ETF (BOAT), Hypatia Women CEO ETF (WCEO), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares Micro-Cap ETF (IWC) and Small Cap US Equity Select ETF (RNSC).

International Seaways (NYSE:INSW) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INSW will have a dividend payout ratio of 5.89% 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.24%), Dimensional Fund Advisors LP (5.95%), Donald Smith & CO. Inc. (2.69%), State Street Corp (2.41%), Victory Capital Management Inc. (1.96%) and Geode Capital Management LLC (1.74%). 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 $37.82.

International Seaways (NYSE:INSW) has a market capitalization of $1.86 billion and generates $864.66 million in revenue each year. The transportation company earns $387.89 million in net income (profit) each year or $11.53 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.