International Seaways Inc. reaches a 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 07 Jan 26
Source: SeekingAlpha
International Seaways Inc. saw a significant price increase of 11.35%, reaching a 20-day high. This movement comes as the Nasdaq-100 is up 0.36%, while the S&P 500 is slightly down by 0.06%.
The stock's rise is attributed to sector rotation, as investors are shifting their focus towards companies in the maritime sector, despite the mixed performance of the broader market. This trend indicates a growing interest in shipping and logistics, which may be driven by recent developments in global trade dynamics.
As the market continues to fluctuate, the strong performance of International Seaways Inc. suggests that it is well-positioned to capitalize on these shifts, potentially leading to further gains in the future.
Analyst Views on INSW
Wall Street analysts forecast INSW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for INSW is 58.00 USD with a low forecast of 57.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 59.320
Low
57.00
Averages
58.00
High
60.00
Current: 59.320
Low
57.00
Averages
58.00
High
60.00
About INSW
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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
