International Seaways (INSW) Projected to Post Quarterly Earnings on Thursday

International Seaways (NYSE:INSW - Get Free Report) is projected 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. Persons interested in registering for the company's earnings conference call can do so using this link.

International Seaways Price Performance

Shares of INSW traded down $0.68 during mid-day trading on Friday, reaching $36.69. 681,662 shares of the stock traded hands, compared to its average volume of 904,619. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.32. International Seaways has a 1 year low of $32.11 and a 1 year high of $65.94. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 3.54 and a beta of -0.11. The firm has a fifty day moving average price of $37.45 and a 200 day moving average price of $43.64.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price target on shares of International Seaways from $66.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.67.

Insider Transactions at International Seaways

In related news, SVP William F. Nugent sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $39.10, for a total transaction of $39,100.00. Following the sale, the senior vice president now directly owns 48,803 shares of the company's stock, valued at approximately $1,908,197.30. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Derek G. Solon sold 1,200 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $38.91, for a total transaction of $46,692.00. Following the sale, the senior vice president now owns 45,687 shares of the company's stock, valued at approximately $1,777,681.17. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,200 shares of company stock valued at $160,402 in the last three months. 1.90% of the stock is currently owned by company insiders.

About International Seaways

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.