Cleaves Securities analyst Peter M. E. Christensen maintained a Buy rating on International Seaways (INSW – Research Report) on November 6 and set a price target of $67.00. The company’s shares closed yesterday at $48.19.
M. E. Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker. According to TipRanks, M. E. Christensen has an average return of 32.8% and a 68.23% success rate on recommended stocks.
Currently, the analyst consensus on International Seaways is a Moderate Buy with an average price target of $61.00, a 26.58% upside from current levels. In a report released yesterday, BTIG also reiterated a Buy rating on the stock with a $55.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on International Seaways’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $247.59 million and a net profit of $153.76 million. In comparison, last year the company earned a revenue of $164.73 million and had a net profit of $69.04 million
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on INSW:
