Group 1 - The stock of International Seaways (INSW) has experienced a significant decline of 6.4% over the past four weeks, indicating strong selling pressure, but it is now positioned for a potential trend reversal as it enters oversold territory [2] - Analysts have raised earnings estimates for INSW by 2.2% over the last 30 days, suggesting a consensus that the company will report better earnings than previously predicted [1][2] - The Relative Strength Index (RSI) for INSW is currently at 29.68, indicating that the stock is oversold and may be nearing a point of price reversal [3][5] Group 2 - INSW holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which is a strong indicator of its potential turnaround [1] - The heavy selling pressure on INSW shares appears to be exhausting, suggesting that investors may soon look for entry opportunities to benefit from a rebound [3][5]

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 ...

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 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 ...

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 ...

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, ...

Financial Data and Key Metrics Changes - Net income for Q1 2024 was $145 million, or $2.92 per diluted share, which is higher than the previous two quarters [11][43] - Adjusted EBITDA for the quarter was over $190 million [11] - Total liquidity at the end of Q1 2024 was $626 million, including $411 million of undrawn revolver capacity [11][23] - The company achieved free cash flow of approximately $121 million in Q1 2024, representing an annualized cash flow yield of 18% on the current share price [22] Business Line Data and Key Metrics Changes - The lightering business generated about $14 million in revenue, contributing approximately $7 million in EBITDA for the quarter [28] - The company has 36 unencumbered vessels and under $700 million in debt, with a net loan-to-value ratio of about 14% [15][25] Market Data and Key Metrics Changes - Oil demand is projected to grow by around 1.5% year-over-year for 2024, with similar projections for 2025 [33] - The average fleet age is expected to rise, leading to increased demand for new ships to meet seaborne transportation needs [35][40] Company Strategy and Development Direction - The company is focused on renewing its fleet by acquiring six eco-MRs and building six LR1s, while also selling older vessels [39][30] - The strategy includes maintaining a balanced capital allocation approach to strengthen the balance sheet and return value to shareholders [36][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong tanker market, highlighting the potential for a strong upcycle over the next few years [36] - The company is well-positioned to capitalize on market conditions while continuing to return capital to shareholders [36][38] Other Important Information - The company has consolidated its term loans into more revolver capacity, saving about $80 million per year in mandatory repayments [12][26] - The average spot TCE for the second quarter of 2024 is approximately $43,700 per day, which is significantly above the breakeven rate [17][18] Q&A Session Summary Question: Is there a seasonal element contributing to the strong performance in the mid-size sector? - Management noted that the first quarter typically shows strong performance in the tanker market, particularly in the mid-size sector [48] Question: What are the plans for the new LR1s? - The intention is to deploy the new LR1s into the existing customer base and joint venture, as the sector has a strong customer base despite being a niche trade [49] Question: Are there any challenges in chartering older MRs? - Management indicated that there has not been significant pushback from customers regarding older MRs, and they continue to see strong rates [66] Question: What is the outlook for cash breakeven levels? - The company is pleased with the current cash breakeven levels and aims to maintain flexibility while exploring opportunities for further reductions [68] Question: How does the company plan to utilize proceeds from potential vessel sales? - Proceeds from vessel sales are expected to be allocated towards further fleet renewal efforts and acquisitions [85]

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 ...

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 | | - ...

| | | 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: Balance Sheet Enhancements: Returns to Shareholders: Fleet Optimization Program: "Following a record year ...