Media stories about International Seaways (NYSE:INSW) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. International Seaways earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.9839435140613 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of International Seaways (NYSE:INSW) traded up $0.55 during midday trading on Friday, hitting $18.47. The stock had a trading volume of 85,263 shares, compared to its average volume of 188,887. The stock has a market capitalization of $542.23, a PE ratio of -5.02 and a beta of -0.14. International Seaways has a one year low of $15.23 and a one year 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.
International Seaways (NYSE:INSW) last posted its earnings results on Thursday, March 8th. The transportation company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $66.17 million. During the same period in the previous year, the business earned ($1.98) earnings per share. The firm’s revenue was down 19.1% on a year-over-year basis. analysts predict that International Seaways will post -1.08 EPS for the current fiscal year.
In other news, major shareholder Paulson & Co. Inc. bought 357,479 shares of International Seaways stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $18.34 per share, for a total transaction 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.
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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