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 twelve months. 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 Wall Street analysts have issued 1-year price objectives for International Seaways' stock. Their INSW share price forecasts range from $40.00 to $70.00. On average, they expect the company's stock price to reach $56.40 in the next twelve months. This suggests a possible upside of 35.3% 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 stock has increased by 12.6% and is now trading at $41.68.
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International Seaways saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,320,000 shares, a decline of 10.2% from the February 28th total of 1,470,000 shares. Based on an average trading volume of 652,500 shares, the days-to-cover ratio is currently 2.0 days.
View International Seaways' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our INSW earnings forecast.

International Seaways, Inc. (NYSE:INSW) released its quarterly earnings results on Tuesday, February, 28th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.37. The transportation company earned $338.16 million during the quarter, compared to the consensus estimate of $311.42 million. International Seaways had a net margin of 44.86% and a trailing twelve-month return on equity of 29.13%.

International Seaways announced a quarterly dividend on Monday, February 27th. Stockholders of record on Tuesday, March 14th will be given a dividend of $2.00 per share on Tuesday, March 28th. This represents a $8.00 dividend on an annualized basis and a yield of 19.19%. The ex-dividend date is Monday, March 13th. This is a boost from the stock's previous quarterly dividend of $1.12.
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), SonicShares Global Shipping ETF (BOAT), Invesco DWA Industrials Momentum ETF (PRN), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares Micro-Cap ETF (IWC), First Trust Small Cap Core AlphaDEX Fund (FYX) 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 1.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INSW will have a dividend payout ratio of 6.82% 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."

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 $41.68.

International Seaways (NYSE:INSW) has a market capitalization of $2.05 billion and generates $864.66 million in revenue each year. The transportation company earns $387.89 million in net income (profit) each year or $7.80 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.