International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.
IPO Year: 2016
Exchange: NYSE
Website: intlseas.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/23/2024 | $69.00 → $56.00 | Buy → Hold | Stifel |
10/11/2022 | $40.00 | Buy | Deutsche Bank |
7/27/2022 | $30.00 | Neutral → Buy | BTIG Research |
7/21/2022 | $30.00 | Buy | Jefferies |
4/27/2022 | $27.00 | Buy | Jefferies |
Capital Link Releases Shipping Sectors Webinar Highlights Booklet Your 2025 Guide to Shipping Industry Trends NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is pleased to announce the release of the Shipping Sector Webinar Highlights Booklet, titled "SHIPPING: STATE OF PLAY & WHAT LIES AHEAD", a resource that distills top insights from the 2024 Shipping Sector Webinar Series held in December 2024. Featuring leadership insights from senior executives of publicly listed shipping companies, the booklet provides a comprehensive analysis of the trends shaping the future of global shipping. Focusing on six main sectors, Dry Bulk, Containers, Crude Tankers, Product Tankers, LNG and
NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is hosting a series of online Company Presentations, whereby the Senior Management teams of leading listed maritime companies will present their business development, strategy, growth prospects, and overall sector outlook. Initiating Capital Link's Company Presentation Series will be: Scorpio Tankers Inc. (NYSE:STNG) on Tuesday, January 7, 2025, at 11:00 AM ET and International Seaways, Inc. (NYSE:INSW) on Thursday, January 9, 2025, at 10:00 AM ET REGISTRATION Online attendance is complimentary. Please click on the link below to register.https://us06web.zoom.us/webinar/register/WN_2j_cVjWkTVevJQ1sQ4EdDw#/registration 1x1 Meeting
NEW YORK, Dec. 23, 2024 /PRNewswire/ -- International Seaways Inc. (NYSE:INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 30. Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) are acquiring Consolidated Communications in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Dec. 30, 2024 S&P SmallCap 600 Addition International Seaways INSW Energy Dec
LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2024 Shipping Sectors Webinar Series, featuring senior executives from leading publicly listed companies across the LNG, LPG, Dry Bulk, Crude Oil, and Product Tanker sectors. These live discussions will
LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Link invites you to join its December 2024 Shipping Sectors Webinar Series, featuring senior executives from leading publicly listed companies across the LNG, LPG, Dry Bulk, Crude Oil, and Product Tanker sectors. These live discussions will
International Seaways, Inc. (NYSE:INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Quarterly Results: Net income for the third quarter of 2024 was $92 million, or $1.84 per diluted share. Adjusted net income(1) for the third quarter of 2024 was $78 million, or $1.57 per diluted share. Adjusted EBITDA(1) for the third quarter of 2024 was $130 million. Robust Balance Sheet: Total liquidity was approximately $694 million as of September 30, 2024, including total cash (1) of $153 m
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release third quarter 2024 results before market open on Thursday, November 7, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Thursday, November 7, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 730934 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.com/. An audio replay of the conference call will be
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that the Company has repurchased 501,646 shares of its common stock in open-market purchases over the last week, at an average price of $49.81 per share, for a total cost of approximately $25 million. The repurchased shares will be retired. The Company has approximately $25 million available under the current $50 million share repurchase program that expires at the end of 2025. "Seaways continues to deliver on its commitment to returning value to shareholders by utilizing our share rep
International Seaways, Inc. (NYSE:INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the second quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: Net income for the second quarter of 2024 was $144.7 million, or $2.91 per diluted share. Adjusted net income(1) for the second quarter of 2024 was $118.0 million, or $2.37 per diluted share. Adjusted EBITDA(1) for the second quarter of 2024 was $167.0 million. Fleet Optimization Program: Took delivery of six eco MRs, built between 2014 and 2015, in the second q
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release second quarter 2024 results before market open on Wednesday, August 7, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Wednesday, August 7, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 832060 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.com/. An audio r
4/A - International Seaways, Inc. (0001679049) (Issuer)
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NEW YORK, Dec. 23, 2024 /PRNewswire/ -- International Seaways Inc. (NYSE:INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 30. Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) are acquiring Consolidated Communications in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Dec. 30, 2024 S&P SmallCap 600 Addition International Seaways INSW Energy Dec
International Seaways, Inc. (NYSE:INSW) ("the Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced proposed changes to its Board of Directors (the "Board") ahead of the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting), which is expected to be held in June 2024. The Company will nominate Kristian K. Johansen and Darron M. Anderson for election as independent directors to the Board at the Annual Meeting. In addition, Joseph I. Kronsberg will be retiring from the Board and will not stand for re-election. The nomination of Mr. Johansen follows discussions with repres
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that based on the preliminary voting results provided by its proxy solicitor following the Company's 2023 Annual Meeting of Stockholders (the "Annual Meeting"), INSW stockholders have voted to re-elect all ten of the Company's nominees: Douglas D. Wheat, Timothy J. Bernlohr, Ian T. Blackley, Alexandra K. Blankenship, Randee E. Day, David I. Greenberg, Joseph I. Kronsberg, Nadim Z. Qureshi, Craig H. Stevenson, Jr., and Lois K. Zabrocky. At the Annual Meeting, stockholders also ratified
International Seaways, Inc. (NYSE:INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Quarterly Results: Net income for the third quarter of 2024 was $92 million, or $1.84 per diluted share. Adjusted net income(1) for the third quarter of 2024 was $78 million, or $1.57 per diluted share. Adjusted EBITDA(1) for the third quarter of 2024 was $130 million. Robust Balance Sheet: Total liquidity was approximately $694 million as of September 30, 2024, including total cash (1) of $153 m
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release third quarter 2024 results before market open on Thursday, November 7, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Thursday, November 7, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 730934 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.com/. An audio replay of the conference call will be
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that the Company has repurchased 501,646 shares of its common stock in open-market purchases over the last week, at an average price of $49.81 per share, for a total cost of approximately $25 million. The repurchased shares will be retired. The Company has approximately $25 million available under the current $50 million share repurchase program that expires at the end of 2025. "Seaways continues to deliver on its commitment to returning value to shareholders by utilizing our share rep
International Seaways, Inc. (NYSE:INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the second quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: Net income for the second quarter of 2024 was $144.7 million, or $2.91 per diluted share. Adjusted net income(1) for the second quarter of 2024 was $118.0 million, or $2.37 per diluted share. Adjusted EBITDA(1) for the second quarter of 2024 was $167.0 million. Fleet Optimization Program: Took delivery of six eco MRs, built between 2014 and 2015, in the second q
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release second quarter 2024 results before market open on Wednesday, August 7, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Wednesday, August 7, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 832060 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.com/. An audio r
International Seaways, Inc. (NYSE:INSW) (the "Company," "Seaways," or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the first quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: Net income for the first quarter of 2024 was $144.5 million, or $2.92 per diluted share. Adjusted EBITDA(1) for the first quarter of 2024 was $191.5 million. Balance Sheet Enhancements: Total liquidity was approximately $626 million as of March 31, 2024, including total cash (1) of $215 million and $411 million of undrawn revolving credit capacity. Net loan-to-va
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release first quarter 2024 results before market open on Wednesday, May 8, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Wednesday, May 8, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 049587 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.com/. An audio replay of the conf
International Seaways, Inc. (NYSE:INSW) (the "Company", "Seaways", or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the fourth quarter and full year of 2023. HIGHLIGHTS & RECENT DEVELOPMENTS Record Annual Earnings: Net income for the full year of 2023 was $556.4 million, or $11.25 per diluted share, representing an increase of $168.6 million compared to the full year of 2022, which was $387.9 million, or $7.77 per share. Net income for the fourth quarter was $132.1 million, or $2.68 per diluted share, compared to net income of $218.4 million, or $4.40 per diluted share,
International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW") announced today that it plans to release fourth quarter and full year 2023 results before market open on Thursday, February 29, 2024. The Company will host a conference call for investors at 9:00 a.m. Eastern Time ("ET") on the same day. Conference Call Details: Date: Thursday, February 29, 2024 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428 International: +1 (929) 526-1599 Conference ID 708633 A live webcast of the conference call will be available from the Investor Relations section of the Company's website at https://www.intlseas.
International Seaways, Inc. (NYSE:INSW) (the "Company", "Seaways", or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2023. HIGHLIGHTS & RECENT DEVELOPMENTS Net income for the third quarter was $98 million, or $1.99 per diluted share, compared to net income of $113 million, or $2.28 per diluted share, in the third quarter of 2022. Cumulative net income over the last twelve months was $643 million. Adjusted EBITDA(A) for the third quarter was $151 million. Total liquidity was approximately $581 million as of September 30, 2023, including cash and short
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8-K - International Seaways, Inc. (0001679049) (Filer)
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Stifel downgraded International Seaways from Buy to Hold and set a new price target of $56.00 from $69.00 previously
Deutsche Bank initiated coverage of International Seaways with a rating of Buy and set a new price target of $40.00
BTIG Research upgraded International Seaways from Neutral to Buy and set a new price target of $30.00
Jefferies initiated coverage of International Seaways with a rating of Buy and set a new price target of $30.00
Jefferies resumed coverage of International Seaways with a rating of Buy and set a new price target of $27.00
H.C. Wainwright initiated coverage of International Seaways with a rating of Buy and set a new price target of $30.00
Jefferies reiterated coverage of International Seaways with a rating of Buy and set a new price target of $26.00 from $24.00 previously
Jefferies reiterated coverage of International Seaways with a rating of Buy and set a new price target of $24.00 from $26.00 previously