
International Seaways (INSW) Stock Forecast & Price Target
International Seaways (INSW) Analyst Ratings
Bulls say
International Seaways Inc reported robust earnings for the third quarter, with adjusted earnings per share of $1.57, surpassing analyst expectations, supported by its medium-range (MR) tankers achieving an average daily rate of $29,000. The company has demonstrated strong free cash flow generation and maintains a solid liquidity position of $694 million, which positions it well to manage potential headwinds in the forthcoming quarter. Additionally, International Seaways has increased its dividend payout ratio, reflecting confidence in its financial stability and long-term growth potential.
Bears say
International Seaways Inc. has experienced a decline in its financial performance, evidenced by a reduction in its earnings per share (EPS) estimate for the first quarter from $1.18 to $0.71, driven by slight decreases in bookings and increased drydocking days. The company has also lowered its fourth-quarter EPS estimate to $0.90 from an earlier projection of $2.44, while realizing an average rate of $26,500 per day for 70% of its fleetwide days in the first quarter, compared to $28,500 per day in the previous quarter. These factors suggest ongoing challenges in securing favorable charter rates across its operating segments, raising concerns about the company's financial outlook in a volatile oil market and pressures on profitability.
This aggregate rating is based on analysts' research of International Seaways and is not a guaranteed prediction by Public.com or investment advice.
International Seaways (INSW) Analyst Forecast & Price Prediction
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