Shares of International Seaways Inc (NYSE:INSW) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $27.33 for the company and are predicting that the company will post ($0.81) earnings per share for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 193 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine raised shares of International Seaways from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

NYSE INSW traded down $0.33 during mid-day trading on Tuesday, reaching $18.21. 276,689 shares of the stock were exchanged, compared to its average volume of 92,006. International Seaways has a one year low of $15.23 and a one year high of $24.78. The company has a market capitalization of $547.98 million, a PE ratio of -62.79 and a beta of -0.98. The company has a quick ratio of 1.94, a current ratio of 1.99 and a debt-to-equity ratio of 0.75.

International Seaways (NYSE:INSW) last announced its earnings results on Wednesday, August 8th. The transportation company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.09). International Seaways had a negative return on equity of 6.07% and a negative net margin of 67.42%. The firm had revenue of $56.91 million for the quarter, compared to the consensus estimate of $46.74 million. equities analysts expect that International Seaways will post -2.44 earnings per share for the current fiscal year.

In other International Seaways news, Director Randee E. Day sold 2,000 shares of International Seaways stock in a transaction on Friday, September 7th. The shares were sold at an average price of $18.46, for a total value of $36,920.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randee E. Day sold 4,000 shares of International Seaways stock in a transaction on Monday, August 27th. The shares were sold at an average price of $20.95, for a total transaction of $83,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 716,153 shares of company stock valued at $14,515,654. Insiders own 0.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of INSW. Frontier Capital Management Co. LLC increased its stake in International Seaways by 49.8% in the second quarter. Frontier Capital Management Co. LLC now owns 1,288,592 shares of the transportation company’s stock valued at $29,818,000 after purchasing an additional 428,321 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of International Seaways by 32.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,030,466 shares of the transportation company’s stock valued at $18,136,000 after buying an additional 250,173 shares during the last quarter. Bienville Capital Management LLC acquired a new position in shares of International Seaways during the second quarter valued at about $1,391,000. Millennium Management LLC acquired a new position in shares of International Seaways during the second quarter valued at about $1,160,000. Finally, Paloma Partners Management Co acquired a new position in shares of International Seaways during the second quarter valued at about $956,000. 85.39% of the stock is owned by hedge funds and other institutional investors.

About International Seaways

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.

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