International Seaways (NYSE:INSW) has been given a $30.00 price target by Jefferies Financial Group in a report issued on Thursday. The brokerage presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 67.04% from the stock’s previous close.

INSW has been the topic of a number of other reports. ValuEngine raised International Seaways from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. B. Riley started coverage on International Seaways in a research report on Friday, November 9th. They issued a “neutral” rating and a $21.50 target price on the stock. Zacks Investment Research raised International Seaways from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, Stifel Nicolaus started coverage on International Seaways in a research report on Tuesday, September 25th. They issued a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.38.

Shares of INSW traded down $0.39 during trading on Thursday, reaching $17.96. The company’s stock had a trading volume of 22,117 shares, compared to its average volume of 166,129. International Seaways has a twelve month low of $15.23 and a twelve month high of $24.78. The firm has a market cap of $535.52 million, a price-to-earnings ratio of -61.93 and a beta of -0.87. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.76.

International Seaways (NYSE:INSW) last announced its earnings results on Wednesday, November 7th. The transportation company reported ($1.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.74) by ($0.30). International Seaways had a negative net margin of 78.00% and a negative return on equity of 7.92%. The business had revenue of $60.93 million during the quarter, compared to analyst estimates of $54.59 million. On average, equities analysts expect that International Seaways will post -2.58 earnings per share for the current fiscal year.

In related news, Director Randee E. Day sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $18.46, for a total transaction of $36,920.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Paulson & Co. Inc. sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $18.15, for a total value of $2,268,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,067,780 shares of company stock worth $42,655,480. 0.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in shares of International Seaways by 8.1% during the 3rd quarter. Teachers Advisors LLC now owns 48,289 shares of the transportation company’s stock valued at $967,000 after acquiring an additional 3,631 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of International Seaways by 16.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,530 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 6,390 shares in the last quarter. Bank of America Corp DE raised its position in shares of International Seaways by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 122,703 shares of the transportation company’s stock valued at $2,840,000 after acquiring an additional 8,284 shares in the last quarter. Swiss National Bank raised its position in shares of International Seaways by 35.4% during the 2nd quarter. Swiss National Bank now owns 32,900 shares of the transportation company’s stock valued at $761,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of International Seaways by 123.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 15,918 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 8,800 shares in the last quarter. 84.61% 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 June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.

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Analyst Recommendations for International Seaways (NYSE:INSW)

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