In a report released on December 28, Gregory Lewis from BTIG maintained a Buy rating on International Seaways (INSW – Research Report), with a price target of $55.00. The company’s shares closed last Friday at $45.48.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% 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 $2.22B and has a P/E ratio of 3.50.
Based on the recent corporate insider activity of 106 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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