International Seaways (INSW) ended the recent trading session at $53.91, demonstrating a +0.58% swing from the preceding day's closing price. This change lagged the S&P 500's 1.2% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.Shares of the company have appreciated by 1.36% over the course of the past month, outperforming the Transportation sector's loss of 8.65% and the S&P 500's loss of 4.16%.The investment community will be closely monitoring the performanc ...

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.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

International Seaways (INSW) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned +0%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Transportation - Shipping industry, which International Seaways falls in, has gained 0.6%. The key question now is: What could be the stock's future direct ...

Antony Velikagathu Note: I previously covered International Seaways (NYSE:INSW) in January 2024. In my note on INSW, I discussed the company's diverse fleet of crude and product tankers, its superior finances, and valuations. I pointed out that the tanker (crude and product) market will remain robust due to the dislocation between crude oil supply and demand, plus tanker supply constraints. Consumption will grow East while production will grow West, resulting in higher tonne-mile demand for crude oil tr ...

The latest trading session saw International Seaways (INSW) ending at $53.05, denoting a +1.22% adjustment from its last day's close. This change outpaced the S&P 500's 0.74% gain on the day. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq increased by 1.68%.Heading into today, shares of the company had gained 1.61% over the past month, lagging the Transportation sector's gain of 6.39% and outpacing the S&P 500's gain of 0.8% in that time.Investors will be eagerly wa ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about International Seaways (INSW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.International Seaways current ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? International Seaways (INSW) , which belongs to the Zacks Transportation - Shipping industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.63%, on average, in the last two quarters.For the last reported quar ...

Financial Data and Key Metrics Changes - The company reported a net income of $556 million for 2023, which is an increase from $388 million in 2022, translating to $11.25 per share compared to $7.77 per share in the previous year [61] - Adjusted net income for the fourth quarter was $108 million, while adjusted EBITDA was $159 million [51][62] - The company achieved a free cash flow of approximately $91 million for the fourth quarter and over $500 million for the entire year, representing a 20% free cash flow yield on the current share price [26][62] Business Line Data and Key Metrics Changes - The lightering business generated about $11 million in revenue for the quarter, contributing nearly $20 million in EBITDA for the year [9] - The company sold three older MR vessels for $39 million in net proceeds, realizing an 80% internal rate of return (IRR) from these sales [5][32] Market Data and Key Metrics Changes - The forecast for oil demand in 2024 is robust, with an estimated growth of about 1.5 million barrels per day, primarily driven by demand in Asia [63] - The tanker market is expected to benefit from low commercial inventories and increased demand for seaborne transportation due to geopolitical tensions and sanctions on Russian oil [7][8] Company Strategy and Development Direction - The company plans to purchase six Eco MR vessels for $232 million, funded through a combination of common stock and available liquidity, aiming to renew its fleet and reduce the average age of its MR vessels [5][6] - The strategy includes maintaining a balanced capital allocation approach, returning 60% of adjusted net income to shareholders through dividends [10][48] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the tanker market, citing strong fundamentals and a favorable macroeconomic environment, while acknowledging potential challenges from environmental regulations and geopolitical tensions [7][8][54] - The company aims to continue capturing the strength of the tanker markets and is focused on fleet renewal and shareholder returns [8][66] Other Important Information - The company has a strong balance sheet with liquidity exceeding $600 million and a net loan-to-value ratio of just 17% [6][84] - The company has hedged 85% of its debt, resulting in a weighted average interest rate of about 6% [10] Q&A Session Summary Question: Is there any interest in selling older MRs? - Management indicated that they continue to prune older vessels while acquiring newer ones to maintain a healthy fleet composition [32][33] Question: Are there plans to add to current time charter fixtures? - The company is looking for multi-year charters but prefers to stay in the spot market for shorter-term opportunities [34] Question: What is the capital allocation strategy for 2024? - The focus will be on fleet renewal and returning cash to shareholders, with a commitment to maintaining a low level of debt [95] Question: How does the company view the balance of trade between LR2 and MRs? - Management believes that while LR2s are growing, MRs will continue to be essential due to their established role in the market [41][96] Question: What is the composition of the dark fleet? - The dark fleet consists of both crude and clean vessels, with a significant portion involved in sanction trades [79]

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 1-378 ...