Stock of the Day

March 9, 2022

International Seaways (INSW)

$86.67
-$1.57 (-1.8%)
Market Cap: $4.30B

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 trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

Today's Trend

International Seaways Inc. (NYSE: INSW) is drawing investor attention after a run of upbeat analyst and momentum-related headlines. The stock is moving higher as Wall Street commentary points to improving earnings expectations, firm tanker market conditions, and stronger confidence in the company’s near-term outlook.

Bottom line: International Seaways (INSW) is rising on a combination of analyst upgrades, strong-buy rankings, and supportive tanker market commentary. Investors appear focused on improving earnings expectations and the possibility that strong freight rates continue to lift results.

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