International Seaways (NYSE:INSW) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of International Seaways (NYSE:INSW) from a hold rating to a sell rating in a research report sent to investors on Friday morning, ValuEngine reports.

INSW has been the topic of several other research reports. BTIG Research assumed coverage on shares of International Seaways in a research note on Friday, October 11th. They set a buy rating and a $30.00 target price on the stock. Zacks Investment Research cut shares of International Seaways from a buy rating to a hold rating in a research note on Thursday, October 10th. Finally, B. Riley upped their target price on shares of International Seaways from $21.50 to $27.25 and gave the company a neutral rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. International Seaways has an average rating of Hold and an average target price of $28.56.

INSW traded up $0.95 during midday trading on Friday, hitting $24.35. 250,774 shares of the company traded hands, compared to its average volume of 186,193. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $739.03 million, a PE ratio of -11.07 and a beta of 0.28. The company’s 50-day moving average is $23.23 and its 200 day moving average is $19.31. International Seaways has a 52 week low of $15.15 and a 52 week high of $27.01.

International Seaways (NYSE:INSW) last posted its earnings results on Thursday, August 8th. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.54) by $0.03. The business had revenue of $69.01 million for the quarter, compared to analysts’ expectations of $71.97 million. International Seaways had a negative net margin of 13.98% and a negative return on equity of 2.49%. On average, sell-side analysts predict that International Seaways will post 3.5 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of INSW. Steward Partners Investment Advisory LLC bought a new position in shares of International Seaways in the 2nd quarter worth approximately $73,000. SG Americas Securities LLC increased its holdings in International Seaways by 21.1% in the 2nd quarter. SG Americas Securities LLC now owns 7,235 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,260 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in International Seaways by 284.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,084 shares of the transportation company’s stock worth $78,000 after acquiring an additional 3,021 shares in the last quarter. Aperio Group LLC purchased a new stake in International Seaways in the 2nd quarter worth approximately $65,000. Finally, Swiss National Bank increased its holdings in International Seaways by 10.1% in the 2nd quarter. Swiss National Bank now owns 38,100 shares of the transportation company’s stock worth $724,000 after acquiring an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 76.54% of the company’s stock.

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.

Read More: What is the quiet period?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter.