International Seaways Inc (NYSE:INSW) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.50.

Separately, Zacks Investment Research raised International Seaways from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday.

International Seaways stock traded up $0.10 during mid-day trading on Wednesday, reaching $19.10. 6,642 shares of the company were exchanged, compared to its average volume of 160,658. The firm’s fifty day moving average is $18.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.88 and a current ratio of 1.92. The firm has a market cap of $555.22 million, a price-to-earnings ratio of -8.68 and a beta of 0.20. International Seaways has a 12-month low of $15.61 and a 12-month high of $24.15.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, May 9th. The transportation company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $101.87 million during the quarter, compared to analyst estimates of $96.31 million. International Seaways had a negative return on equity of 3.01% and a negative net margin of 15.22%. As a group, equities research analysts predict that International Seaways will post 0.19 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of International Seaways during the first quarter worth $423,000. Hosking Partners LLP increased its position in shares of International Seaways by 48.4% during the first quarter. Hosking Partners LLP now owns 403,947 shares of the transportation company’s stock worth $6,924,000 after purchasing an additional 131,744 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of International Seaways during the first quarter worth $102,000. BNP Paribas Arbitrage SA increased its position in shares of International Seaways by 89.9% during the first quarter. BNP Paribas Arbitrage SA now owns 5,058 shares of the transportation company’s stock worth $87,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of International Seaways by 9.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,150 shares of the transportation company’s stock worth $25,919,000 after purchasing an additional 134,282 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

International Seaways Company Profile

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 December 31, 2018, the company owned and operated a fleet of 48 vessels, including 13 very large crude carriers, 2 Suezmaxes, 6 Aframaxes, 11 Panamaxes, and 10 medium range tankers.

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