International Seaways (INSW) AI Stock Analysis

• Market Cap: $2.67B
• Dividend Yield: 6.24%
• Average Volume (3M): 509.75K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.70
• Revenue Growth: -23.59%
• EPS Growth: -57.70%
• Country: US
• Employees: 2,899
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.15
• Shares Outstanding: 49,394,530
• 10 Day Avg. Volume: 570,613
• 30 Day Avg. Volume: 509,752
• PEG Ratio: -0.17
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 6.76
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 8.33
• Enterprise Value/Ebitda: 5.52
• 1Y Price Target: $58.00
• Price Target Upside: 6.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 4.82
• Revenue Forecast (FY): $786.91M

• Rating: 76 Outperform
• Price Target: $59.00 ▲(7.90% Upside)

International Seaways receives a strong overall score due to its robust financial performance, attractive valuation, and positive technical indicators. The earnings call further supports a positive outlook with strategic initiatives and solid liquidity. However, concerns about revenue decline and cash flow growth need monitoring.

International Seaways Business Overview & Revenue Model

Company Description

International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

How the Company Makes Money

International Seaways generates revenue primarily through the chartering of its vessels. The company operates under two main revenue models: time charters and spot charters. In a time charter, the company leases its vessels to customers for a set period, providing a steady income stream. In contrast, spot charters involve leasing vessels for individual voyages based on current market rates, allowing the company to capitalize on favorable market conditions. Additionally, International Seaways benefits from long-term contracts with clients, which provide a stable source of income. The company also engages in strategic partnerships and joint ventures to enhance operational efficiency and expand its market reach, contributing to its overall revenue growth.

International Seaways Financial Statement Overview

Summary

International Seaways demonstrates strong profitability and efficient operations, with robust margins and a healthy return on equity. However, the significant revenue decline and negative free cash flow growth in the TTM period are areas of concern. The company maintains a balanced capital structure, but future performance will depend on reversing the revenue contraction and improving cash flow generation.

Income Statement

International Seaways has shown strong profitability with a high net profit margin of 29.88% in the TTM period, despite a significant revenue decline of 26.77%. The company has maintained healthy EBIT and EBITDA margins, indicating efficient operations. However, the recent revenue contraction is a concern and may impact future profitability if not addressed.

Balance Sheet

The company has a moderate debt-to-equity ratio of 0.30, reflecting a balanced approach to leveraging. Return on equity is solid at 12.73%, showcasing effective use of equity to generate profits. However, the equity ratio indicates that a significant portion of assets is financed by equity, which could limit flexibility in capital structure adjustments.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 12.47%, which is concerning. However, the operating cash flow to net income ratio of 1.08 suggests that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio of 0.78 indicates a strong cash conversion, although the recent decline in free cash flow growth needs monitoring.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	770.04M	951.61M	1.07B	864.66M	272.55M	421.65M
Gross Profit	321.41M	478.16M	627.54M	470.52M	-37.80M	169.18M
EBITDA	484.59M	614.78M	755.12M	556.09M	-9.57M	105.53M
Net Income	217.58M	416.72M	556.45M	387.89M	-133.49M	-5.53M
Balance Sheet
Total Assets	2.79B	2.64B	2.52B	2.62B	2.35B	1.59B
Cash, Cash Equivalents and Short-Term Investments	413.57M	157.51M	186.76M	323.74M	97.88M	199.39M
Total Debt	803.84M	711.74M	744.53M	1.07B	1.13B	554.93M
Total Liabilities	855.79M	780.35M	805.06M	1.13B	1.18B	614.50M
Stockholders Equity	1.93B	1.86B	1.72B	1.49B	1.17B	972.04M
Cash Flow
Free Cash Flow	70.79M	261.96M	481.77M	171.12M	-155.21M	165.58M
Operating Cash Flow	327.67M	547.14M	688.40M	287.80M	-76.19M	216.14M
Investing Cash Flow	7.55M	-155.02M	-124.27M	42.80M	133.29M	32.37M
Financing Cash Flow	-25.96M	-361.38M	-681.12M	-185.79M	-173.84M	-183.07M

International Seaways Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 54.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INSW, the sentiment is Positive. The current price of 54.68 is above the 20-day moving average (MA) of 51.32, above the 50-day MA of 48.31, and above the 200-day MA of 39.63, indicating a bullish trend. The MACD of 1.98 indicates Negative momentum. The RSI at 69.97 is Neutral, neither overbought nor oversold. The STOCH value of 88.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INSW.

International Seaways Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TNK	78 Outperform	$2.16B	6.94	17.02%	3.20%	-20.11%	-26.44%
DHT	77 Outperform	$2.19B	10.99	18.81%	5.43%	-16.45%	23.94%
INSW	76 Outperform	$2.67B	12.29	11.43%	6.24%	-23.59%	-57.70%
STNG	75 Outperform	$3.16B	10.07	9.63%	2.60%	-35.37%	-57.86%
FRO	73 Outperform	$5.67B	23.83	9.93%	4.19%	-5.33%	-59.96%
LPG	68 Neutral	$1.14B	11.44	8.81%	12.32%	-27.21%	-62.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

International Seaways Corporate Events

International Seaways Reports Strong Q3 2025 Results

International Seaways, Inc. is a leading global tanker company providing energy transportation services for crude oil and petroleum products, operating a diverse fleet of vessels. The company is headquartered in New York City and is known for its commitment to operational efficiency and customer service.

International Seaways Reports Strong Q3 2025 Financial Results

International Seaways reported a net income of $71 million for the third quarter of 2025, with significant developments in their fleet optimization program, including the delivery of new vessels and the sale of older ones. The company also declared a dividend of $0.86 per share for the fourth quarter and extended its share repurchase program. The company successfully issued $250 million in bonds to enhance financial flexibility and repay existing debt, reflecting a strong balance sheet and ongoing commitment to shareholder returns.

The most recent analyst rating on (INSW) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Amends Credit Agreements for Redomiciliation

On October 7, 2025, International Seaways, Inc. and its subsidiaries entered into amendments to their credit agreements, allowing the redomiciliation of certain vessel-owning entities and intermediate holding companies from the Marshall Islands and Liberia to Bermuda. This strategic move, expected to be completed by the end of the fourth quarter of 2025, aims to enhance the company’s strategic flexibility while maintaining operational and tax efficiency, with estimated legal and administrative costs between three and five million dollars.

The most recent analyst rating on (INSW) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Issues $250M Bonds for VLCCs

On September 23, 2025, International Seaways, Inc. issued $250 million in senior unsecured bonds due 2030, bearing an interest rate of 7.125% per year. These bonds, which are to be listed on the Oslo Stock Exchange, will be used to finance the repurchase of six VLCCs and for general corporate purposes. The bonds include financial covenants and restrictions, and offer redemption options under specific conditions, impacting the company’s financial strategy and market operations.

The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Prices $250M Senior Unsecured Bonds

On September 9, 2025, International Seaways, Inc. announced the successful pricing of $250 million in senior unsecured bonds, set to mature in September 2030, with a fixed interest rate of 7.125% per annum. The proceeds from this bond issuance are intended for refinancing an existing sale-and-leaseback agreement and general corporate purposes, with the bonds being offered in the Nordic market and expected to be listed on the Oslo Stock Exchange.

The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Plans Investor Meetings for Bond Issue

On September 2, 2025, International Seaways, Inc. announced plans to hold a series of fixed-income investor meetings starting September 3, 2025, through its Norwegian investment banks. The company is considering a five-year USD denominated senior unsecured bond issue, subject to market conditions, to refinance the Ocean Yield sale-and-leaseback agreement and for general corporate purposes. The bonds, if issued, will be offered in the United States only to qualified institutional buyers and will not be registered under the Securities Act.

The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways Secures $239.7M Term Loan Agreement

On August 20, 2025, International Seaways, Inc. entered into a credit agreement with DNB Bank ASA and other financial entities to establish a $239.7 million term loan and a $91.9 million revolving credit facility. This financing is aimed at supporting the construction of six LR1 tanker newbuildings in Korea, enhancing the company’s fleet capabilities and market presence. The facilities are secured by liens on the subsidiaries acquiring the newbuildings and are insured by Korea Trade Insurance Corporation. The agreement includes financial covenants to maintain liquidity and leverage ratios, ensuring the company’s financial stability and operational growth.

The most recent analyst rating on (INSW) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.

International Seaways’ Earnings Call: Positive Outlook Amid Challenges

International Seaways’ recent earnings call conveyed a predominantly positive sentiment, underscored by robust financial performance, strategic asset management, and a favorable market outlook. The company demonstrated strong liquidity and consistent dividend payouts, though it acknowledged challenges such as geopolitical tensions and significant upcoming debt repayments. Overall, the positive highlights of the call outweighed the concerns, reflecting a generally optimistic perspective.

International Seaways Reports Q2 2025 Earnings

International Seaways, Inc., a leading global tanker company, provides energy transportation services for crude oil and petroleum products, operating a fleet of 79 vessels. In its second quarter of 2025 earnings report, International Seaways reported a net income of $62 million, or $1.25 per diluted share, with adjusted net income at $50 million, or $1.02 per diluted share. The company highlighted its fleet optimization program, which includes the sale of older vessels and the acquisition of a modern VLCC, as well as maintaining a strong liquidity position with $709 million available. Key financial metrics for the quarter showed a decrease in shipping revenues to $196 million from $257 million in the same period last year, primarily due to lower time charter equivalent (TCE) revenues and spot earnings across its fleet. The company also declared a dividend of $0.77 per share, continuing its commitment to returning cash to shareholders. Looking ahead, International Seaways remains focused on fleet renewal and strategic growth, supported by a robust balance sheet and favorable financing arrangements, positioning it well to navigate market volatility and capitalize on future opportunities.