International Seaways (NYSE:INSW) Receives “Buy” Rating from Jefferies Financial Group

International Seaways (NYSE:INSW)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $58.00 price target on the transportation company’s stock. Jefferies Financial Group’s target price points to a potential upside of 74.25% from the company’s current price.

Separately, SEB Equity Research set a $50.00 price target on shares of 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.com, International Seaways currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.50.

International Seaways Stock Down 1.4 %

Shares of INSW stock opened at $33.29 on Thursday. International Seaways has a fifty-two week low of $32.11 and a fifty-two week high of $65.94. The firm has a market capitalization of $1.64 billion, a PE ratio of 3.22 and a beta of -0.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.60 and a current ratio of 3.60. The stock’s 50-day simple moving average is $37.70 and its 200-day simple moving average is $43.17.

Insider Transactions at International Seaways

In related news, SVP William F. Nugent sold 1,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $35.07, for a total transaction of $35,070.00. Following the sale, the senior vice president now directly owns 49,803 shares of the company’s stock, valued at approximately $1,746,591.21. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INSW. Banque Transatlantique SA acquired a new stake in shares of International Seaways during the 4th quarter valued at about $29,000. Larson Financial Group LLC acquired a new stake in International Seaways in the fourth quarter valued at approximately $37,000. Blue Trust Inc. purchased a new stake in shares of International Seaways in the third quarter valued at approximately $41,000. Quarry LP increased its position in shares of International Seaways by 169.0% in the fourth quarter. Quarry LP now owns 1,356 shares of the transportation company’s stock valued at $49,000 after buying an additional 852 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of International Seaways during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

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.