International Seaways Inc. (NYSE:INSW) Given Consensus Recommendation of “Moderate Buy” by Analysts

International Seaways Inc. (NYSE:INSW) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $52.6667.

INSW has been the topic of a number of recent analyst reports. Wall Street Zen cut International Seaways from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Seaways in a research report on Wednesday, October 8th. Finally, Pareto Securities downgraded shares of International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th.

Insider Transactions at International Seaways

In other International Seaways news, CFO Jeffrey Pribor sold 1,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $48.26, for a total value of $48,260.00. Following the completion of the transaction, the chief financial officer directly owned 75,242 shares in the company, valued at approximately $3,631,178.92. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Derek G. Solon sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $53.71, for a total value of $187,985.00. Following the completion of the transaction, the senior vice president directly owned 49,393 shares of the company’s stock, valued at $2,652,898.03. This represents a 6.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 32,500 shares of company stock worth $1,698,825. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On International Seaways

A number of hedge funds have recently modified their holdings of INSW. Dimensional Fund Advisors LP increased its holdings in International Seaways by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,903,764 shares of the transportation company’s stock valued at $133,807,000 after purchasing an additional 42,051 shares during the period. American Century Companies Inc. grew its position in shares of International Seaways by 7.5% in the 3rd quarter. American Century Companies Inc. now owns 1,994,978 shares of the transportation company’s stock valued at $91,929,000 after buying an additional 139,868 shares during the last quarter. Geode Capital Management LLC grew its position in shares of International Seaways by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,006,390 shares of the transportation company’s stock valued at $36,718,000 after buying an additional 6,076 shares during the last quarter. Donald Smith & CO. Inc. increased its stake in shares of International Seaways by 43.9% in the second quarter. Donald Smith & CO. Inc. now owns 709,036 shares of the transportation company’s stock valued at $25,866,000 after buying an additional 216,325 shares during the period. Finally, Encompass Capital Advisors LLC raised its position in shares of International Seaways by 33.3% during the second quarter. Encompass Capital Advisors LLC now owns 399,824 shares of the transportation company’s stock worth $14,586,000 after acquiring an additional 99,914 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company’s stock.

International Seaways Trading Down 3.3%

Shares of INSW stock opened at $46.95 on Monday. The stock’s fifty day moving average price is $50.85 and its two-hundred day moving average price is $45.92. The company has a market cap of $2.32 billion, a PE ratio of 10.70 and a beta of -0.18. International Seaways has a fifty-two week low of $27.20 and a fifty-two week high of $55.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75.

International Seaways (NYSE:INSW) last posted its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) EPS for the quarter. International Seaways had a return on equity of 10.13% and a net margin of 28.26%.The business had revenue of $84.82 million for the quarter. Equities analysts predict that International Seaways will post 7.77 EPS for the current fiscal year.

International Seaways Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, December 9th. International Seaways’s dividend payout ratio is presently 10.93%.

About International Seaways

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.