Cleaves Securities analyst Peter Christensen maintained a Buy rating on International Seaways (INSW – Research Report) on October 15 and set a price target of $66.00. The company’s shares closed yesterday at $46.08.
Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker. According to TipRanks, Christensen has an average return of 31.0% and a 66.67% success rate on recommended stocks.
International Seaways has an analyst consensus of Strong Buy, with a price target consensus of $59.67.
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INSW market cap is currently $2.25B and has a P/E ratio of 3.47.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is neutral on the stock.
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International Seaways (INSW) Company Description:
International Seaways, Inc. engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers, Product Carriers, and Other. The Crude Tankers consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers focuses on crude and refined petroleum products. The Other segment includes joint ventures from liquefied natural gas carriers. The company was founded on December 6, 1999 and is headquartered in New York, NY.
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