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Down -6.43% in 4 Weeks, Here's Why You Should You Buy the Dip in International Seaways (INSW)
ZACKS· 2024-07-10 22:37
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for INSW has increased 2.2%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, INSW currently has a Zacks Rank #2 (Buy), which ...
Is International Seaways (INSW) Stock Outpacing Its Transportation Peers This Year?
ZACKS· 2024-07-09 22:41
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. International Seaways (INSW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-todate performance to find out. International Seaways is a member of the Transportation sector. This group includes 135 individual stocks and currently holds a Zacks Sector Rank ...
Should Value Investors Buy International Seaways (INSW) Stock?
zacks.com· 2024-05-16 22:41
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...
International Seaways Inc. (INSW) Hits Fresh High: Is There Still Room to Run?
zacks.com· 2024-05-16 22:15
International Seaways has a Value Score of A. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of A. Shares of International Seaways (INSW) have been strong performers lately, with the stock up 19% over the past month. The stock hit a new 52-week high of $62.95 in the previous session. International Seaways has gained 37.9% since the start of the year compared to the 0.3% move for the Zacks Transportation sector and the 19% return for the Zacks Transportation ...
Earnings Estimates Rising for International Seaways (INSW): Will It Gain?
Zacks Investment Research· 2024-05-14 01:20
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited tr ...
Recent Price Trend in International Seaways (INSW) is Your Friend, Here's Why
Zacks Investment Research· 2024-05-13 21:55
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
International Seaways(INSW) - 2024 Q1 - Earnings Call Transcript
2024-05-08 23:58
财务数据和关键指标变化 - 第一季度净收入为1.45亿美元,每股摊薄收益为2.92美元 [8] - 调整后EBITDA为1.92亿美元 [27] - 公司在第一季度实现了自由现金流1.21亿美元,相当于年化现金流收益率18% [30] - 公司总流动性达6.26亿美元,包括2.15亿美元现金和4.11亿美元未提取的循环信贷额度 [32] - 公司资产负债率仅14%,85%的债务为固定利率或对冲,加权平均利率不到6% [33][34] 各条业务线数据和关键指标变化 - 公司的轻便作业业务在本季度贡献了约700万美元的EBITDA [28] 各个市场数据和关键指标变化 - 原油需求预计今年和明年将同比增长约1.5%,为海运需求提供支撑 [18] - 欧洲和亚洲地区原油供给短缺,需要从美洲和中东等地区进口,增加了航程需求 [19][20] - 多个地区成品油供给短缺,导致成品油贸易活跃,为航运市场带来支撑 [21] 公司战略和发展方向及行业竞争 - 公司正在通过购买6艘新型环保型MR船舶和建造6艘LR1船舶来更新船队 [13][14] - 公司还在出售一些老旧MR船舶,这些船舶已经完全收回成本 [17] - 公司正在优化资产负债表,通过修改贷款结构每年节省约8000万美元的强制性还款 [10][11] - 公司将保持平衡的资本配置策略,在更新船队和回报股东之间保持平衡 [16] 管理层对经营环境和未来前景的评论 - 公司预计未来几年将迎来强劲的航运市场周期,公司已做好充分准备 [24] - 行业新船订单占现有船队的9%,未来几年船队平均船龄将快速上升,老旧低效船舶将被淘汰 [22][23] - 公司的现金流和财务状况良好,有能力应对市场机遇 [12][36] 问答环节重要的提问和回答 问题1 **Omar Nokta提问** 询问公司LR1船舶业务的季节性因素和未来发展计划 [47][48] **Lois Zabrocky回答** - LR1船舶业务第一季度表现强劲,与季节性因素有关 [49][50] - 公司计划将新建的6艘LR1船舶投放到该业务的核心客户市场 [51] 问题2 **Liam Burke提问** 询问公司是否在出租较老MR船舶时遇到客户的抵触 [62] **Derek Solon回答** - 在当前强劲的市场环境下,公司并未遇到客户对较老船舶的明显歧视 [63][64] 问题3 **Christopher Robertson提问** 询问公司是否有进一步降低现金平衡点的计划 [69] **Jeff Pribor回答** - 公司已通过优化债务结构大幅降低现金平衡点,未来一年内不会有大的变动 [71][72] - 公司会继续寻找机会优化资本结构和运营成本,以保持在低市场中也能盈利 [73]
International Seaways(INSW) - 2024 Q1 - Earnings Call Presentation
2024-05-08 21:53
NYSE Forward-Looking Statements Non-GAAP Financial Measures Additional Information Business Review | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------|---------|---------|-----------------------------------------------------------|---------|---------|--------| | Strong Quarterly Earnings & Q2 Fixtures \nFirst Quarter 2024 & Last Twelve Months (LTM) Results \n$m except per share | Q1 2023 | Q2 20 ...
International Seaways(INSW) - 2024 Q1 - Quarterly Report
2024-05-08 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-37836-1 INTERNATIONAL SEAWAYS, INC. (Exact name of registrant as specified in its charter) Marshall Islands 98-0467117 (State or ...
International Seaways(INSW) - 2024 Q1 - Quarterly Results
2024-05-08 19:30
Exhibit 99.1 INTERNATIONAL SEAWAYS REPORTS FIRST QUARTER 2024 RESULTS New York, NY – May 8, 2024– International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the first quarter 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Strong Quarterly Earnings: · Net income for the first quarter of 2024 was $144.5 million, or $2.92 per diluted share. · Adjus ...