International Seaways: Robust Market Fundamentals, Reasonable Valuations [Seeking Alpha]
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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US:NASDAQ Investor Relations:
intlseas.com/corporateprofile
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Source: Seeking Alpha
In addition, oil supply growth is driven by non-OPEC+ producers. The low orderbook caused by few contracting activity in recent years has resulted in few ships delivered to the market. While we saw an uptick in the orderbook, the market's fleet average age is at a two-decade high. Ageing fleet ideal for scrapping will partly help offset future fleet growth. Shares are trading at 0.8x NAV and 5x forward EV/EBITDA, lower than 5-year average. Current market environments will likely lead INSW to generate robust free cash flow. The potential resolution of the Red Sea crisis and EU sanctions will likely reduce ton-mile demand. In addition, the orderbook is picking up, meaning that there will be more supply to the market. Investment Thesis We anticipate that ongoing geopolitical tensions and constrained vessel supply coming to the market will retain charter rates at elevated levels. While there has been an uptick in the orderbook, near-term net fleet growth is likely to remain be
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INSW
News
- International Seaways to Announce First Quarter 2024 Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- International Seaways to Announce First Quarter 2024 Results on May 8, 2024Business Wire
- International Seaways (INSW) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- International Seaways (INSW) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- International Seaways, Inc. (NYSE: INSW) had its price target raised by analysts at Stifel Nicolaus from $63.00 to $64.00. They now have a "buy" rating on the stock.MarketBeat
INSW
Earnings
- 2/29/24 - Beat
INSW
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/22/24 - Form SC
- INSW's page on the SEC website