International Seaways (NYSE:INSW) Given Buy Rating at Jefferies Financial Group

International Seaways (NYSE:INSW - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a report issued on Thursday,Benzinga reports. They currently have a $58.00 price objective on the transportation company's stock. Jefferies Financial Group's price objective suggests a potential upside of 76.13% from the company's current price.

Separately, SEB Equity Research set a $50.00 price objective on International Seaways in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, International Seaways currently has a consensus rating of "Moderate Buy" and an average target price of $57.50.

International Seaways Stock Down 1.2 %

Shares of NYSE INSW traded down $0.40 during mid-day trading on Thursday, reaching $32.93. 1,479,074 shares of the company's stock traded hands, compared to its average volume of 664,542. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.60. The business has a 50-day simple moving average of $37.72 and a 200 day simple moving average of $42.96. The stock has a market cap of $1.62 billion, a P/E ratio of 3.18 and a beta of -0.11. International Seaways has a 1-year low of $32.11 and a 1-year high of $65.94.

Remove Ads

Insider Activity at International Seaways

In other news, SVP William F. Nugent sold 1,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $39.10, for a total value of $39,100.00. Following the completion of the transaction, the senior vice president now directly owns 48,803 shares of the company's stock, valued at $1,908,197.30. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Transatlantique SA purchased a new stake in shares of International Seaways during the 4th quarter valued at $29,000. Larson Financial Group LLC bought a new position in International Seaways during the fourth quarter valued at about $37,000. Blue Trust Inc. purchased a new stake in International Seaways during the third quarter worth about $41,000. Quarry LP raised its position in International Seaways by 169.0% in the fourth quarter. Quarry LP now owns 1,356 shares of the transportation company's stock worth $49,000 after acquiring an additional 852 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in International Seaways in the third quarter worth about $52,000. Hedge funds and other institutional investors own 67.29% of the company's stock.

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.