Stifel Nicolaus Sticks to Their Buy Rating for International Seaways (INSW)

Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on International Seaways (INSW – Research Report) on May 10 and set a price target of $66.00. The company’s shares closed last Friday at $61.42.

According to TipRanks, Nolan is a top 100 analyst with an average return of 20.6% and a 67.36% success rate. Nolan covers the Industrials sector, focusing on stocks such as Norfolk Southern, Union Pacific, and Genco Shipping.

Currently, the analyst consensus on International Seaways is a Strong Buy with an average price target of $66.67, representing an 8.55% upside. In a report released on May 9, Deutsche Numis also maintained a Buy rating on the stock with a $66.00 price target.

The company has a one-year high of $62.92 and a one-year low of $30.63. Currently, International Seaways has an average volume of 564.7K.

Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INSW in relation to earlier this year.

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.