International Seaways Inc (INSW) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of International Seaways Inc (NYSE:INSW) from a sell rating to a hold rating in a report issued on Friday, April 14th.

According to Zacks, “International Seaways, Inc. is a tanker company. It provides energy transportation services for crude oil and petroleum products. The company owns and operates a fleet which includes ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. International Seaways, Inc. is headquartered in New York City. “

Shares of International Seaways (NYSE:INSW) traded up 1.41% on Friday, hitting $20.93. The stock had a trading volume of 54,717 shares. The company’s market cap is $611.34 million. The stock’s 50-day moving average price is $19.50 and its 200 day moving average price is $17.41. International Seaways has a 52 week low of $9.00 and a 52 week high of $21.84.

International Seaways (NYSE:INSW) last issued its quarterly earnings data on Wednesday, May 10th. The transportation company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by $0.01. The firm had revenue of $84.10 million during the quarter, compared to analysts’ expectations of $85 million. International Seaways’s quarterly revenue was down 32.6% compared to the same quarter last year. On average, analysts predict that International Seaways will post $1.05 EPS for the current year.

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International Seaways Company Profile

International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.

5 Day Chart for NYSE:INSW

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