BTIG Reaffirms Their Buy Rating on International Seaways (INSW)

BTIG analyst reiterated a Buy rating on International Seaways today and set a price target of $60.00.

TipRanks Black Friday Sale

• Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

Currently, the analyst consensus on International Seaways is a Moderate Buy with an average price target of $58.00.

Based on International Seaways’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $196.39 million and a net profit of $70.55 million. In comparison, last year the company earned a revenue of $225.19 million and had a net profit of $91.69 million

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INSW in relation to earlier this year. Earlier this month, James Small, the CAO,SVP,Sec. & GC of INSW sold 20,000.00 shares for a total of $1,071,800.00.