International Seaways (INSW) to Release Quarterly Earnings on Thursday

International Seaways (NYSE:INSW) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.71 per share and revenue of $187.75 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

International Seaways Stock Performance

Shares of International Seaways stock opened at $37.66 on Tuesday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 3.64 and a beta of -0.11. International Seaways has a twelve month low of $32.11 and a twelve month high of $65.94. The company’s fifty day moving average is $37.56 and its 200 day moving average is $43.37. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INSW shares. SEB Equity Research set a $50.00 price objective on International Seaways in a research report on Friday, January 24th. Jefferies Financial Group lowered their price target on shares of International Seaways from $66.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity

In other news, SVP William F. Nugent sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $35.07, for a total value of $35,070.00. Following the transaction, the senior vice president now owns 49,803 shares in the company, valued at $1,746,591.21. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek G. Solon sold 1,200 shares of International Seaways stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $38.91, for a total value of $46,692.00. Following the transaction, the senior vice president now directly owns 45,687 shares in the company, valued at approximately $1,777,681.17. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,200 shares of company stock worth $160,402 in the last quarter. 1.90% of the stock is owned by corporate insiders.

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 trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.