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 equities research analysts have issued twelve-month price objectives for International Seaways' shares. Their INSW share price forecasts range from $40.00 to $70.00. On average, they anticipate the company's share price to reach $56.40 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price.
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International Seaways' stock was trading at $37.02 at the beginning of the year. Since then, INSW stock has increased by 13.9% and is now trading at $42.16.
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International Seaways saw a decline in short interest in February. As of February 28th, there was short interest totaling 1,470,000 shares, a decline of 8.1% from the February 13th total of 1,600,000 shares. Based on an average daily trading volume, of 616,700 shares, the days-to-cover ratio is presently 2.4 days.
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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) issued its quarterly earnings results on Tuesday, February, 28th. The transportation company reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $3.84 by $0.37. The transportation company had revenue of $338.16 million for the quarter, compared to analyst estimates of $311.42 million. International Seaways had a trailing twelve-month return on equity of 29.13% and a net margin of 44.86%.

International Seaways declared a quarterly dividend on Monday, February 27th. Investors 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 18.98%. The ex-dividend date is Monday, March 13th. This is a positive change 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), Innovator IBD Breakout Opportunities ETF (BOUT), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), First Trust Small Cap Growth AlphaDEX Fund (FYC), iShares Micro-Cap ETF (IWC) and First Trust Small Cap Core AlphaDEX Fund (FYX).

International Seaways (NYSE:INSW) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.14%. 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."

International Seaways' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.02%), Donald Smith & CO. Inc. (3.76%), Hosking Partners LLP (1.79%), Millennium Management LLC (1.67%), Geode Capital Management LLC (1.66%) and T. Rowe Price Investment Management Inc. (1.54%). 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.
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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 $42.16.

International Seaways (NYSE:INSW) has a market capitalization of $2.07 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.