BTIG Reiterates Buy Rating on INSW with $100 Target
BTIG maintains its Buy rating for INSW, setting a new price target of $100, a 14% upside from the current price.
Key Points
- BTIG reiterated its Buy rating on INSW on June 24, 2026, with a new price target of $100.
- BTIG's $100 price target implies 14% upside from International Seaways, Inc.'s ($INSW) current $87.72 share price.
- Shares of INSW traded near $89.98 on Wednesday, reflecting ongoing investor interest.
- BlackRock and FMR LLC increased their stakes in INSW, while Vanguard opened new positions.
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BTIG has reiterated its Buy rating for INSW, setting a new price target of $100. This update came on June 24, 2026, as analyst Gregory Lewis continues to view the stock favorably. On Wednesday, shares of INSW traded at approximately $89.98.
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Other Institutional Activity in INSW
Several major funds have adjusted their positions in INSW recently. BlackRock, Inc. increased its holdings by 127,973 shares, ending with 6,266,672 shares valued at about $456.7 million. FMR LLC also boosted its stake by 268,198 shares to a total of 4,937,800 shares worth around $359.9 million. Dimensional Fund Advisors LP added 52,743 shares, bringing its total to 3,024,755 shares valued at $220.4 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 2,084,900 and 2,080,181 shares respectively, with values of approximately $151.9 million and $151.6 million. American Century Companies Inc. increased its stake by 52,192 shares to 1,996,893 shares, valued at $145.5 million.
Insider Buying and Selling at International Seaways, Inc.
Recent insider activity at INSW includes planned sales by Jeffrey Pribor, SVP & CFO, and Lois Zabrocky, President & CEO, who sold 1,000 and 2,000 shares respectively on June 15, 2026, at prices around $81.68 and $81.34. Additionally, on June 8, 2026, Senior Vice President Derek Solon, Vice President & Controller Adewale Oshodi, and David Greenberg, among others, purchased shares. Solon acquired 5,286 shares, while Oshodi and Greenberg each bought 1,508 and 1,842 shares.
Analysts Set New Price Targets
On June 24, 2026, BTIG maintained its Buy rating on INSW and set a new price target of $100. Earlier, on April 24, 2026, Jefferies initiated coverage with a Buy rating and a $90 target. These updates reflect ongoing positive sentiment among analysts toward INSW.
About INSW
INSW is a player in the shipping industry, focusing on the transportation of crude oil and petroleum products. The company operates a diverse fleet of tankers, providing logistics solutions worldwide. With its headquarters in the United States, INSW is committed to delivering efficient and reliable services in the maritime sector.
Bottom Line
The reiterated Buy rating from BTIG and the new $100 price target underscore confidence in INSW's prospects. Institutional investors have been active, with notable increases in holdings from major funds, while insiders have made both planned sales and purchases. As always, it's important to remember that analyst ratings and institutional moves provide insight but are not guarantees of future performance.
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