International Seaways - INSW Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Seaways in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INSW shares.
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6 equities research analysts have issued twelve-month price objectives for International Seaways' stock. Their INSW share price forecasts range from $40.00 to $60.00. On average, they anticipate the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
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International Seaways' stock was trading at $14.68 at the start of the year. Since then, INSW shares have increased by 167.6% and is now trading at $39.29.
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International Seaways saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,490,000 shares, a decrease of 7.5% from the October 31st total of 1,610,000 shares. Based on an average daily trading volume, of 658,200 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 Wednesday, March 1st 2023.
View our INSW earnings forecast.

International Seaways, Inc. (NYSE:INSW) issued its quarterly earnings results on Tuesday, November, 8th. The transportation company reported $2.28 EPS for the quarter, missing analysts' consensus estimates of $2.42 by $0.14. The transportation company had revenue of $236.83 million for the quarter, compared to analysts' expectations of $236.13 million. International Seaways had a net margin of 21.81% and a trailing twelve-month return on equity of 11.60%.

International Seaways declared a quarterly dividend on Monday, November 7th. Stockholders of record on Thursday, December 8th will be given a dividend of $1.12 per share on Thursday, December 22nd. This represents a $4.48 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend is Wednesday, December 7th. This is an increase from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for INSW.

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 17.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INSW will have a dividend payout ratio of 6.37% 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.31%), BlackRock Inc. (6.86%), Donald Smith & CO. Inc. (5.57%), Dimensional Fund Advisors LP (4.61%), State Street Corp (2.24%) and Brightlight Capital Management LP (1.64%). Insiders that own company stock include Craig H Stevenson Jr, 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 $39.29.

International Seaways (NYSE:INSW) has a market capitalization of $1.93 billion and generates $272.55 million in revenue each year. The transportation company earns $-133,490,000.00 in net income (profit) each year or $2.72 on an earnings per share basis.

The company employs 2,061 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.