International Seaways: The Closest Way To Buy Tanker ETF And Collect Double-Digit Yields [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
Play 13min Summary Owning an International Seaways share exposes us to the broad tanker market. It is like investing in a tanker ETF and getting paid handsomely. Financially, INSW is in an excellent position. Operating cash flow and operating income sufficiently cover interest expenses. 2Q24 dividend is $1.50/share. At the present stock price, this means an 11.8% LTM yield. Besides that, INSW has a $50 million buyback program. INSW trades at 76% P/NAV. The company is a no-brainer at that valuation, counting generous dividends, share buybacks, and a healthy balance sheet. shaunl/E+ via Getty Images Note: I previously covered International Seaways ( NYSE: INSW ) in April. I discussed that the tanker (crude and product) market has more room for growth due to the dislocation between oil supply and demand. Consumption will grow East while production will grow West, resulting in higher tonne-mile demand for tankers. INSW is well-positioned to capitalize on that. The compa
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News
- International Seaways Inc (INSW) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... [Yahoo! Finance]Yahoo! Finance
- International Seaways, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- International Seaways, Inc. (NYSE: INSW) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $66.00 price target on the stock.MarketBeat
- International Seaways Non-GAAP EPS of $1.57 misses by $0.07, revenue of $225.1M beats by $4.1M [Seeking Alpha]Seeking Alpha
- International Seaways Reports Third Quarter 2024 ResultsBusiness Wire
INSW
Earnings
- 11/7/24 - Beat
INSW
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/4/24 - Form SC
- INSW's page on the SEC website