Opinions
The Panic-Proof Portfolio (Stockchase Research)
International Seaways
INSW-N
TOP PICK
Aug 13, 2024
Stock price when the opinion was issued
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INSW is one of the largest operators of large crude oil and refined product tankers in the world - operating 83 vessels worldwide. They just reported all time record earnings allowing them to increase cash reserves, reduce debt and buy back shares. It trades under 2x book value and boasts a 29% ROE. It has a low beta, meaning it operates more independently of the underlying equity market. We recommend placing a stop-loss at $36, looking to achieve $58.50 — upside potential of 40%. Yield 1.0%
(Analysts’ price target is $58.63)We reiterate INSW, one of the largest operators of large crude oil and refined product tankers in the world - operating 83 vessels worldwide, as a TOP PICK. We like that cash reserves are growing while the company aggressively retires debt and buys back shares. It trades at 1.3x book value and boasts a 29% ROE. It has a low beta, meaning it operates more independently of the underlying equity market. We continue to recommend a stop-loss at $36, looking to achieve $58.50 — upside potential over 40%. Yield 1.0%
(Analysts’ price target is $58.63)Our PAST TOP PICK with INSW has triggered its stop at $36. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 11%, based on our previous buy recommendation.
As one of the world's largest tanker operators in the world, shipping refined products on 82 vessels, INSW is reiterated as a TOP PICK. We like that cash reserves are growing, while debt is retired. The company recently announced a large share repurchase, following the sale of one of its vessels. It trades at 5x earnings, 1.3x book and supports a 29% ROE. We recommend maintaining the stop at $39, looking to achieve $71 -- upside potential of 37%. Yield 0.9%.
(Analysts’ price target is $70.63)
INSW is one of the world's largest oil and refined products tanker operators. They have just acquired six new vessels at a time when there is limited shipyard capacity for new orders. Recently reported earnings beat analyst estimates by 18%. It trades at 5x earnings, 1.3x book and supports a 29% ROE. We like that cash reserves are growing, while debt is being retired. We recommend setting a stop-loss at $39, looking to achieve $70 -- upside potential over 40%. Yield 1.0%
(Analysts’ price target is $70.63)