International Seaways (NYSE:INSW) Price Target Raised to $80.00

International Seaways (NYSE:INSW) had its target price increased by Deutsche Bank Aktiengesellschaft from $63.00 to $80.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts also recently issued reports on the company. Pareto Securities upgraded International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 20th. Wall Street Zen upgraded International Seaways from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. BTIG Research upped their target price on shares of International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $68.00.

International Seaways Stock Performance

NYSE:INSW opened at $70.35 on Monday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.48 billion, a P/E ratio of 11.29 and a beta of -0.23. The firm has a 50-day moving average price of $61.88 and a two-hundred day moving average price of $53.31. International Seaways has a twelve month low of $27.20 and a twelve month high of $78.51.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Thursday, February 26th. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.70. The company had revenue of $267.88 million for the quarter, compared to the consensus estimate of $245.29 million. International Seaways had a net margin of 36.67% and a return on equity of 13.92%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. As a group, research analysts expect that International Seaways will post 7.77 earnings per share for the current fiscal year.

International Seaways Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. International Seaways’s dividend payout ratio (DPR) is 7.70%.

Insiders Place Their Bets

In related news, Director Randee E. Day sold 4,090 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $74.93, for a total value of $306,463.70. Following the completion of the transaction, the director directly owned 18,435 shares in the company, valued at approximately $1,381,334.55. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Derek G. Solon sold 6,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $75.41, for a total value of $452,460.00. Following the transaction, the senior vice president owned 50,989 shares in the company, valued at $3,845,080.49. This trade represents a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 60,697 shares of company stock valued at $4,402,750. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INSW. Amundi purchased a new stake in International Seaways in the fourth quarter valued at approximately $13,663,000. Donald Smith & CO. Inc. boosted its holdings in shares of International Seaways by 43.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 709,036 shares of the transportation company’s stock valued at $25,866,000 after purchasing an additional 216,325 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of International Seaways by 4,255.3% during the 3rd quarter. Pacer Advisors Inc. now owns 197,380 shares of the transportation company’s stock valued at $9,095,000 after buying an additional 192,848 shares during the period. American Century Companies Inc. grew its stake in shares of International Seaways by 9.4% during the 2nd quarter. American Century Companies Inc. now owns 1,855,110 shares of the transportation company’s stock valued at $67,674,000 after buying an additional 159,125 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of International Seaways during the 4th quarter worth $7,087,000. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

International Seaways News Roundup

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Earnings estimates are being revised up, which supports the company’s outlook and could underpin further upside if momentum continues. Earnings Estimates Moving Higher for INSW
• Positive Sentiment: Major dealers raised targets and ratings recently (Deutsche Bank boosted its price target to $80 and other firms upgraded/raised targets), providing analyst support for the stock. Deutsche Bank Increases INSW Price Target
• Positive Sentiment: Institutional buying and larger hedge‑fund positions have increased over recent quarters, which can stabilize shares and provide longer‑term demand. MarketBeat INSW Summary
• Neutral Sentiment: The company declared a small quarterly dividend ($0.12 per share, annualized $0.48), a limited yield that’s unlikely to materially move the stock but adds a modest cash return. Dividend & Company Details
• Negative Sentiment: Several insiders and directors sold meaningful stakes this week (including sales by Director Alexandra Blankenship and Director Randee E. Day), which often signals management profit‑taking and can pressure the stock short term. Blankenship Form 4 Day Form 4
• Negative Sentiment: Treasurer Debra Grillo sold 389 shares (disclosed in a Form 4), a smaller but visible insider reduction that reinforces the near‑term selling narrative. InsiderTrades: Grillo Sale

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.