Stifel Nicolaus started coverage on shares of International Seaways (NYSE:INSW) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $25.00 price target on the transportation company’s stock.

Separately, ValuEngine upgraded shares of International Seaways from a sell rating to a hold rating in a report on Saturday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $27.00.

INSW stock opened at $20.47 on Tuesday. 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 has a 52-week low of $15.23 and a 52-week high of $24.78.

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

In related news, Director Randee E. Day sold 4,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $20.95, for a total value of $83,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Paulson & Co. Inc. sold 125,000 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.15, for a total transaction of $2,268,750.00. The disclosure for this sale can be found here. Insiders have sold 841,153 shares of company stock valued at $16,784,404 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INSW. Frontier Capital Management Co. LLC lifted its stake in shares of 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 buying an additional 428,321 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of International Seaways by 32.1% in 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 period. Bienville Capital Management LLC bought a new stake in shares of International Seaways in the second quarter valued at about $1,391,000. Millennium Management LLC bought a new stake in shares of International Seaways in the second quarter valued at about $1,160,000. Finally, Paloma Partners Management Co bought a new stake in shares of International Seaways in the second quarter valued at about $956,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

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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