Cleaves Securities Sticks to Its Buy Rating for International Seaways (INSW)

By Carrie Williams

Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on International Seaways (INSWResearch Report) on November 28 and set a price target of $44.00. The company’s shares closed last Monday at $26.48, close to its 52-week high of $27.67.

According to, Hannisdahl is a 4-star analyst with an average return of 11.5% and a 62.7% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.

Currently, the analyst consensus on International Seaways is a Strong Buy with an average price target of $34.06.

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The company has a one-year high of $27.67 and a one-year low of $15.15. Currently, International Seaways has an average volume of 241K.

Based on the recent corporate insider activity of 45 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.

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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.