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International Seaways Launches New $200 Million ATM Program

Story Highlights
  • International Seaways set up a new at-the-market program to sell up to $200 million in stock, with flexibility to start, suspend or halt offerings and no shares yet sold.
  • The company simultaneously ended its unused prior $100 million at-the-market agreement, consolidating future equity raising under the larger facility while maintaining standard protections for sales agents.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
International Seaways Launches New $200 Million ATM Program

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from International Seaways ( (INSW) ).

On May 11, 2026, International Seaways entered into a new equity distribution agreement with BTIG, B. Riley Securities, Clarksons Securities and Fearnleys Securities to facilitate at-the-market offerings of up to $200 million of its common stock, under which the sales agents may earn commissions of up to 3% on any shares sold. The company has not yet sold or committed to sell any stock under this program, which can be conducted through the NYSE and other permitted methods, and it retains the right to suspend or terminate sales at any time.

In connection with the new arrangement, effective May 11, 2026, International Seaways terminated its prior at-the-market equity distribution agreement with Evercore and Jefferies that had authorized up to $100 million of stock sales, under which no shares were issued. The move consolidates the company’s capital-raising framework under the new, larger program while providing customary indemnities and expense reimbursements to the new sales agents, signaling continued readiness to access equity markets without immediate dilution.

The most recent analyst rating on (INSW) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

Spark’s Take on INSW Stock

According to Spark, TipRanks’ AI Analyst, INSW is a Outperform.

The score is driven by strong financial performance (record-level profitability and improved leverage), reinforced by a highly attractive valuation (very low P/E and solid dividend yield) and a positive earnings-call outlook with strong cash generation and shareholder-return policy. Technicals are supportive with strong trend momentum, though overbought readings add near-term risk.

To see Spark’s full report on INSW stock, click here.

More about International Seaways

International Seaways, Inc. is a U.S.-listed company engaged in the maritime transportation of energy commodities, operating a fleet of tankers that carry crude oil and refined petroleum products to global markets. The company focuses on serving major energy producers, refiners and traders, leveraging public equity markets to support fleet investment and balance sheet flexibility.

Average Trading Volume: 610,173

Technical Sentiment Signal: Buy

Current Market Cap: $4.54B

See more insights into INSW stock on TipRanks’ Stock Analysis page.

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