International Seaways (NYSE:INSW) announced its earnings results on Tuesday. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.23, MarketWatch Earnings reports. International Seaways had a negative net margin of 78.00% and a negative return on equity of 7.92%. The company had revenue of $100.55 million during the quarter, compared to the consensus estimate of $84.44 million.
Shares of NYSE:INSW opened at $18.90 on Wednesday. International Seaways has a one year low of $15.61 and a one year high of $24.78. The company has a quick ratio of 1.69, a current ratio of 1.73 and a debt-to-equity ratio of 0.76. The company has a market cap of $551.56 million, a PE ratio of -65.17 and a beta of 0.17.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of International Seaways from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. B. Riley set a $22.00 target price on shares of International Seaways and gave the stock a “hold” rating in a research note on Thursday, December 13th. ValuEngine raised shares of International Seaways from a “hold” rating to a “buy” rating in a research note on Friday, November 30th. Jefferies Financial Group set a $30.00 target price on shares of International Seaways and gave the stock a “buy” rating in a research note on Thursday, December 6th. Finally, TheStreet raised shares of International Seaways from a “d” rating to a “c-” rating in a research note on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.50.
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of June 14, 2018, the company owned and operated a fleet of 55 vessels, including 1 ultra large crude carrier, 14 very large crude carriers, 2 Suezmaxes, 7 Aframaxes, 12 Panamaxes, and 13 medium range tankers.
Featured Article: Gap Up Stocks
Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter.