International Seaways Inc. (NYSE:INSW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $25.00 price target on the transportation company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.53% from the stock’s previous close.

According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “

Separately, J P Morgan Chase & Co started coverage on shares of International Seaways in a research note on Tuesday, June 13th. They issued an “overweight” rating and a $30.00 price target for the company.

International Seaways (NYSE:INSW) traded down 0.86% during mid-day trading on Tuesday, hitting $22.02. 272,872 shares of the stock traded hands. The stock’s market cap is $643.18 million. International Seaways has a 12 month low of $9.00 and a 12 month high of $23.43. The stock has a 50-day moving average price of $21.90 and a 200-day moving average price of $19.77.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.01. The firm had revenue of $84.10 million for the quarter, compared to analyst estimates of $85 million. International Seaways’s revenue was down 32.6% on a year-over-year basis. On average, equities analysts forecast that International Seaways will post $1.22 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of INSW. Russell Investments Group Ltd. boosted its position in International Seaways by 25.3% in the second quarter. Russell Investments Group Ltd. now owns 436,665 shares of the transportation company’s stock worth $9,463,000 after buying an additional 88,302 shares during the last quarter. Bank of New York Mellon Corp boosted its position in International Seaways by 74.4% in the second quarter. Bank of New York Mellon Corp now owns 132,538 shares of the transportation company’s stock worth $2,871,000 after buying an additional 56,562 shares during the last quarter. Marshall Wace North America L.P. bought a new position in International Seaways during the second quarter worth $1,853,000. Schwab Charles Investment Management Inc. boosted its position in International Seaways by 85.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,098 shares of the transportation company’s stock worth $1,173,000 after buying an additional 25,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in International Seaways by 105.2% in the second quarter. Rhumbline Advisers now owns 33,878 shares of the transportation company’s stock worth $734,000 after buying an additional 17,369 shares during the last quarter. 85.67% of the stock is owned by hedge funds and other institutional investors.

About International Seaways

International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.

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