European stock market: UBS raises conviction as Q2 earnings season approaches
Lois Zabrocky, President and CEO of International Seaways, Inc. (NYSE:INSW), recently sold 2,000 shares of the company’s common stock. The company, which InvestingPro analysis shows maintains a "GREAT" financial health rating, currently offers investors a substantial 16.1% dividend yield. The transaction, executed on April 15, 2025, was part of a pre-established trading plan under Rule 10b5-1. The shares were sold at a weighted average price of $31.6585, resulting in a total transaction value of approximately $63,317. Following this sale, Zabrocky holds 198,771 shares of International Seaways. The sale was conducted through multiple trades, with prices ranging from $31.40 to $32.32 per share. According to InvestingPro data, analysts see significant upside potential, with price targets ranging from $38 to $70. The stock currently trades at an attractive P/E ratio of 3.8x and appears slightly undervalued based on Fair Value analysis.
In other recent news, International Seaways has expanded its collateral base by pledging two medium-range tankers as part of an agreement related to its $500 million revolving credit facility. This move involves two subsidiaries joining as guarantors, effectively replacing a previously sold collateral vessel. Additionally, the company has announced adjustments to executive compensation, with increases in base salaries and equity target opportunities for several top executives, including CFO Jeffrey Pribor and CEO Lois Zabrocky. These changes were approved by the company’s Human Resources and Compensation Committee. Furthermore, Stifel analysts have adjusted the price target for International Seaways stock to $38, down from $42, but have maintained a Hold rating. They noted that while the company has delivered satisfactory results, it is expected to maintain mid-cycle levels without significant upward momentum. These developments reflect International Seaways’ ongoing strategies in financial management and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.