News articles about International Seaways (NYSE:INSW) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. International Seaways earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.4189635000877 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Critical Review: Costamare (CMRE) & International Seaways (INSW) (americanbankingnews.com)
- Critical Survey: International Seaways (INSW) and its Rivals (americanbankingnews.com)
- Diana Shipping inc. (DSX) versus International Seaways (INSW) Head-To-Head Review (americanbankingnews.com)
- Zacks: International Seaways Inc. (INSW) Given Consensus Rating of “Strong Buy” by Analysts (americanbankingnews.com)
- $66.43 Million in Sales Expected for International Seaways Inc. (INSW) This Quarter (americanbankingnews.com)
Several research analysts have commented on the company. Zacks Investment Research downgraded International Seaways from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co assumed coverage on International Seaways in a research report on Tuesday, June 13th. They issued an “overweight” rating and a $30.00 price target on the stock.
Shares of International Seaways (NYSE INSW) traded up 1.906% on Tuesday, reaching $18.445. The company’s stock had a trading volume of 50,557 shares. International Seaways has a 1-year low of $9.00 and a 1-year high of $23.43. The company’s 50 day moving average is $20.35 and its 200-day moving average is $20.05. The firm’s market cap is $539.48 million.
International Seaways (NYSE:INSW) last released its quarterly earnings data on Wednesday, August 9th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.55). International Seaways had a negative net margin of 31.22% and a positive return on equity of 0.91%. The business had revenue of $71.90 million during the quarter, compared to analyst estimates of $73.00 million. The firm’s revenue for the quarter was down 30.3% compared to the same quarter last year. Equities research analysts expect that International Seaways will post $0.95 EPS for the current year.
About International Seaways
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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