Somewhat Favorable News Coverage Somewhat Unlikely to Impact International Seaways (INSW) Share Price
Media headlines about International Seaways (NYSE:INSW) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. International Seaways earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.8187442068277 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
INSW stock traded up $0.14 during trading on Tuesday, reaching $20.11. 57,153 shares of the stock were exchanged, compared to its average volume of 175,309. International Seaways has a twelve month low of $15.23 and a twelve month high of $23.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 2.79. The company has a market cap of $578.89, a P/E ratio of -69.52 and a beta of -0.45.
International Seaways (NYSE:INSW) last posted its quarterly earnings results on Thursday, March 8th. The transportation company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.03. International Seaways had a negative return on equity of 0.11% and a negative net margin of 36.57%. The business had revenue of $69.40 million for the quarter, compared to the consensus estimate of $66.17 million. During the same period in the prior year, the business earned ($1.98) EPS. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. equities analysts predict that International Seaways will post -1.08 earnings per share for the current year.
In other news, major shareholder Paulson & Co. Inc. purchased 357,479 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $18.34 per share, with a total value of $6,556,164.86. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.
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About International Seaways
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trades. It operates through two segments, Crude Tankers and Product Carriers. As of March 8, 2018, the company owned or operated a fleet of 53 vessels, including 1 ultra large crude carrier, 9 very large crude carriers, 2 Suezmaxes, 8 Aframaxes, 12 Panamaxes, and 15 medium range tankers.
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