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Stifel Nicolaus Remains a Buy on International Seaways (INSW)

In a report released yesterday, Benjamin Nolan from Stifel Nicolaus maintained a Buy rating on International Seaways (INSWResearch Report), with a price target of $32.00. The company’s shares closed yesterday at $28.28.

Nolan covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Costamare, and Diana Shipping. According to TipRanks, Nolan has an average return of 19.3% and a 65.50% success rate on recommended stocks.

International Seaways has an analyst consensus of Strong Buy, with a price target consensus of $33.75, which is a 19.34% upside from current levels. In a report released on August 9, Jefferies also maintained a Buy rating on the stock with a $35.00 price target.

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The company has a one-year high of $27.94 and a one-year low of $12.94. Currently, International Seaways has an average volume of 501.3K.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INSW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

International Seaways, Inc. engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers, Product Carriers, and Other. The Crude Tankers consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers focuses on crude and refined petroleum products. The Other segment includes joint ventures from liquefied natural gas carriers. The company was founded on December 6, 1999 and is headquartered in New York, NY.

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