
International Seaways (INSW) Stock Forecast & Price Target
International Seaways (INSW) Analyst Ratings
Bulls say
International Seaways Inc. has demonstrated a positive operational outlook with significant 2Q bookings, having fixed 53% of its VLCC days at $42,800/day, 51% of Suezmax days at $40,000/day, and notable rates for its LR1 and MR days as well. The company boasts a strong balance sheet and a diversified tanker fleet, positioning it well to capitalize on improved earnings driven by favorable market conditions. Additionally, the anticipated increase in OPEC+ production and enhanced refinery throughput, along with rising refinery margins, are expected to provide further support for the company’s performance moving forward.
Bears say
International Seaways Inc. faces significant volatility in charter rates, which are closely tied to fluctuations in oil volumes coming to market. This dependency on oil market conditions contributes to instability in the company's revenue projections and overall financial performance. Additionally, the relationship between declining ship values and interest rates may further exacerbate the challenges faced by the company in maintaining asset value and securing financing under adverse market conditions.
This aggregate rating is based on analysts' research of International Seaways and is not a guaranteed prediction by Public.com or investment advice.
International Seaways (INSW) Analyst Forecast & Price Prediction
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