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 |
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
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
4 - International Seaways, Inc. (0001679049) (Issuer)
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" 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
Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link's 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in partnership with Citi, and in cooperation with Nasdaq & NYSE, and is known for its large attendance by investors, shipowners and financiers. The Forum features a series of panel discussions as wel
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"), 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
In the last three months, 4 analysts have published ratings on International Seaways (NYSE:INSW), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $68.0, a high estimate of $72.00, and a low estimate of $66.00. This current average has increased
Stifel analyst Benjamin Nolan maintains International Seaways (NYSE:INSW) with a Buy and raises the price target from $68 to $72.
Ratings for International Seaways (NYSE:INSW) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $66.0, a high estimate of $68.00, and a low estimate of
Stifel analyst Benjamin Nolan maintains International Seaways (NYSE:INSW) with a Buy and raises the price target from $66 to $68.
Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw
Deutsche Bank analyst Amit Mehrotra maintains International Seaways (NYSE:INSW) with a Buy and raises the price target from $62 to $66.
Stifel analyst Benjamin Nolan maintains International Seaways (NYSE:INSW) with a Buy and raises the price target from $64 to $66.
U.S. stocks were mixed, with the Dow Jones gaining around 70 points on Wednesday. Shares of Louisiana-Pacific Corporation (NYSE:LPX) rose sharply during Wednesday's session following better-than-expected first-quarter financial results. LPX reported net sales growth of 24% year-over-year to $724 million, beating the consensus of $688.85 million. Louisiana-Pacific shares climbed 15% to $83.93 on Wednesday. Here are some other big stocks recording gains in today's session. Cricut, Inc. (NASDAQ:CRCT) shares surged 31% to $7.25 after the company reported better-than-expected first-quarter GAAP EPS results. MaxCyte, Inc. (NASDAQ:MXCT) jumped 27.6% to $5.01 following upbeat qua
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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