International Seaways - INSW Stock Forecast, Price & News

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, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

Analyst Ratings Changes

INSW has been the topic of several research analyst reports. Clarkson Capital restated a "buy" rating on shares of International Seaways in a research note on Tuesday, June 14th. Stifel Nicolaus increased their price objective on International Seaways from $27.00 to $31.00 in a report on Tuesday, July 19th. Jefferies Financial Group increased their price target on shares of International Seaways from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday, August 9th. BTIG Research upgraded shares of International Seaways from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Wednesday, July 27th. Finally, StockNews.com raised International Seaways from a "sell" rating to a "hold" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

International Seaways Stock Up 0.7 %

Shares of INSW opened at $28.48 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.42 billion, a P/E ratio of -28.48 and a beta of 0.12. The stock's 50 day moving average is $22.46 and its two-hundred day moving average is $20.39. International Seaways has a 12 month low of $13.05 and a 12 month high of $28.78.

International Seaways Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Tuesday, September 13th. International Seaways's dividend payout ratio is presently -48.00%.

Insider Buying and Selling at International Seaways

In other news, CAO James D. Small III sold 7,000 shares of the business's stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $22.39, for a total transaction of $156,730.00. Following the completion of the sale, the chief accounting officer now owns 40,222 shares of the company's stock, valued at $900,570.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO James D. Small III sold 7,000 shares of International Seaways stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $22.39, for a total value of $156,730.00. Following the sale, the chief accounting officer now directly owns 40,222 shares of the company's stock, valued at $900,570.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James D. Small III sold 19,000 shares of the stock in a transaction on Friday, June 10th. The shares were sold at an average price of $23.38, for a total value of $444,220.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,222 shares of the company's stock, valued at $1,104,050.36. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $645,360 over the last ninety days. Corporate insiders own 2.90% of the company's stock.