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Watch for Continued Gains in Shares of International Seaways Inc. (INSW)

International Seaways Inc. (NYSE:INSW) traded at a new 52-week high today of $32.90. This new high was reached on below average trading volume as 188,000 shares traded hands, while the average 30-day volume is approximately 567,000 shares.

International Seaways Inc. has overhead space with shares priced $32.26, or 71.8% below the average consensus analyst price target of $114.44.

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company’s vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.

In the past 52 weeks, International Seaways Inc. share prices are bracketed by a low of $13.05 and a high of $32.90 and is now at $32.26, 147% above that low price.

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