News articles about International Seaways (NYSE:INSW) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Seaways earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 45.8707685908406 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, Zacks Investment Research downgraded shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Shares of International Seaways (NYSE INSW) traded down 0.29% on Thursday, hitting $20.35. 69,402 shares of the stock were exchanged. The company’s 50 day moving average is $19.51 and its 200-day moving average is $19.51. International Seaways has a 52-week low of $9.00 and a 52-week high of $23.43. The stock’s market cap is $595.20 million.
International Seaways (NYSE:INSW) last issued its earnings results on Wednesday, August 9th. The transportation company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.55). The firm had revenue of $71.90 million during the quarter, compared to analyst estimates of $73.00 million. International Seaways had a negative net margin of 31.22% and a positive return on equity of 0.91%. The firm’s revenue for the quarter was down 30.3% compared to the same quarter last year. Analysts predict that International Seaways will post $0.95 EPS for the current fiscal 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.
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