International Seaways Inc (INSW) Stock AnalysisINSWInternational Seaways Inc

International Seaways, Inc. is a tanker company engaged in providing energy transportation services for crude oil and petroleum products in international flag markets. The Company operates through two segments: Crude Tankers and Product Carriers. The Crude Tankers segment is made up of a fleet of VLCCs, Suezmaxes, and Aframaxes engaged in the worldwide transportation of crude oil. This segment also includes its Crude Tankers Lightering business through which it provides ship-to-ship (STS) lightering support services and full-service STS lightering to customers in the United States Gulf (USG), United States Pacific, Grand Bahama, and Panama regions. The Product Carriers segment consists of a fleet of MRs, LR1 product carriers, and an LR2 product carrier engaged in the worldwide transportation of refined petroleum products. It owns and operates a fleet of about 84 vessels, including 11 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 14 LR1s (including six new buildings), and 41 MR tankers. It operates in the Energy sector (WATER TRANSPORTATION industry).

International Seaways Inc appears to be a good buy right now due to its strong financial performance and positive market outlook. The current price is $109.99, while the forward P/E ratio is 15.11, indicating potential for growth. Additionally, the company reported a significant Q2 profit of $294.93 million, translating to an EPS of $5.91, which is a substantial increase from last year. The main risk is the insider selling activity, which has increased by 1332.34% over the last month, indicating potential concerns among insiders.

3 analysts cover INSW: 3 rate it Buy, 0 Hold and 0 Sell. The average price target is 58.00.