Declared Dividend • Aug 12
Second quarter dividend of US$5.05 announced Shareholders will receive a dividend of US$5.05. Ex-date: 10th September 2026 Payment date: 24th September 2026 Dividend yield will be 15%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but not covered by cash flows (232% cash payout ratio). The dividend has increased by an average of 94% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 84% over the next 3 years. However, it would need to fall by 97% to increase the payout ratio to a potentially unsustainable range. New Risk • Aug 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 45% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks Dividend is not well covered by cash flows (232% cash payout ratio). Significant insider selling over the past 3 months (€2.7m sold). Reported Earnings • Aug 11
Second quarter 2026 earnings released: EPS: US$5.96 (vs US$1.25 in 2Q 2025) Second quarter 2026 results: EPS: US$5.96 (up from US$1.25 in 2Q 2025). Revenue: US$469.7m (up 140% from 2Q 2025). Net income: US$294.8m (up 379% from 2Q 2025). Profit margin: 63% (up from 32% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.5%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Duyuru • Aug 10
International Seaways, Inc. Declares Quarterly Dividend, Payable on September 24, 2026 International Seaways, Inc. declares quarterly dividend of $5.05per share of common stock. The dividends will be paid on September 24, 2026, to shareholders with a record date at the close of business on September 10, 2026. Duyuru • Jul 24
International Seaways, Inc. to Report Q2, 2026 Results on Aug 10, 2026 International Seaways, Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 10, 2026 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €66.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.18 per share. Duyuru • Jun 29
International Seaways, Inc.(NYSE:INSW) dropped from Russell 2000 Dynamic Index International Seaways, Inc.(NYSE:INSW) dropped from Russell 2000 Dynamic Index Recent Insider Transactions • May 20
Insider recently sold €40m worth of stock On the 11th of May, John Fredriksen sold around 556k shares on-market at roughly €71.89 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €47m more than they bought in the last 12 months. Duyuru • May 13
International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $200 million. International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $200 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Apr 24
International Seaways, Inc. to Report Q1, 2026 Results on May 07, 2026 International Seaways, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Duyuru • Apr 13
International Seaways, Inc., Annual General Meeting, Jun 08, 2026 International Seaways, Inc., Annual General Meeting, Jun 08, 2026. Duyuru • Feb 12
International Seaways, Inc. to Report Q4, 2025 Results on Feb 26, 2026 International Seaways, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026 Duyuru • Oct 23
International Seaways, Inc. to Report Q3, 2025 Results on Nov 06, 2025 International Seaways, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Duyuru • Oct 08
International Seaways, Inc. announced that it has received $23.75 million in funding On October 7, 2025, International Seaways, Inc. closed the transaction. The transaction included participation from four investors. Duyuru • Jul 24
International Seaways, Inc. to Report Q2, 2025 Results on Aug 06, 2025 International Seaways, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Duyuru • May 08
International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on June 26, 2025 International Seaways, Inc. declared a regular quarterly dividend of $0.12 per share of common stock . Dividend will be paid on June 26, 2025, to shareholders with a record date at the close of business on June 12, 2025. Duyuru • May 01
International Seaways, Inc., Annual General Meeting, Jun 10, 2025 International Seaways, Inc., Annual General Meeting, Jun 10, 2025. Location: at club 101, kenilworth room, 101 park avenue, new york, United States Duyuru • Apr 24
International Seaways, Inc. to Report Q1, 2025 Results on May 08, 2025 International Seaways, Inc. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Duyuru • Feb 12
International Seaways, Inc. to Report Q4, 2024 Results on Feb 27, 2025 International Seaways, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Duyuru • Nov 27
International Seaways, Inc. Announces Board Changes On November 22, 2024, Mr. Douglas Wheat resigned from the Board of Directors of International Seaways, Inc. and from his role as Chairman of the Board, both with immediate effect. Mr. Wheat’s resignation was not the result of any disagreement with the Company or the Board on any matter relating to the Company’s operations, policies or practices. On November 22, 2024, effective upon Mr. Wheat’s resignation, the Board appointed Captain Ian Blackley, a member of the Board since 2016 when the Company was spun off from its predecessor, to serve as Chairman. The size of the board was also reduced from 10 to 9 directors, an action that is in line with recommendations previously received from some of the Company’s large stockholders. Declared Dividend • Nov 10
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 13th December 2024 Payment date: 27th December 2024 Dividend yield will be 11%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (5% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 89% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 24% over the next 2 years. However, it would need to fall by 95% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$1.85 (vs US$2.00 in 3Q 2023) Third quarter 2024 results: EPS: US$1.85 (down from US$2.00 in 3Q 2023). Revenue: US$225.2m (down 6.8% from 3Q 2023). Net income: US$91.7m (down 6.3% from 3Q 2023). Profit margin: 41% (in line with 3Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 24
International Seaways, Inc. to Report Q3, 2024 Results on Nov 07, 2024 International Seaways, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Upcoming Dividend • Sep 04
Upcoming dividend of US$1.50 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 25 September 2024. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • Aug 09
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 11th September 2024 Payment date: 25th September 2024 Dividend yield will be 9.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (5% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 122% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 95% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$2.93 (vs US$3.13 in 2Q 2023) Second quarter 2024 results: EPS: US$2.93 (down from US$3.13 in 2Q 2023). Revenue: US$257.4m (down 12% from 2Q 2023). Net income: US$144.7m (down 5.8% from 2Q 2023). Profit margin: 56% (up from 53% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 07
International Seaways, Inc. Declares Quarterly Cash Dividend, Payable on September 25, 2024 International Seaways, Inc. declares quarterly cash dividend of $0.12 per share to be paid in September 25, 2024 with record date at the close of business on September 11, 2024. Duyuru • Jul 24
International Seaways, Inc. to Report Q2, 2024 Results on Aug 07, 2024 International Seaways, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Recent Insider Transactions • Jun 18
Chief Administrative Officer recently sold €387k worth of stock On the 14th of June, James Small sold around 8k shares on-market at roughly €51.60 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.0m. Insiders have been net sellers, collectively disposing of €7.9m more than they bought in the last 12 months. Recent Insider Transactions • Jun 13
CFO, Senior VP & Treasurer recently sold €2.0m worth of stock On the 7th of June, Jeffrey Pribor sold around 35k shares on-market at roughly €57.71 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jeffrey has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Upcoming Dividend • Jun 05
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.9%). Recent Insider Transactions • May 15
VP & Controller recently sold €358k worth of stock On the 10th of May, Adewale Oshodi sold around 6k shares on-market at roughly €57.62 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €773k. Insiders have been net sellers, collectively disposing of €4.7m more than they bought in the last 12 months. Declared Dividend • May 10
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 12th June 2024 Payment date: 26th June 2024 Dividend yield will be 6.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (4% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 120% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 95% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$2.95 (vs US$3.51 in 1Q 2023) First quarter 2024 results: EPS: US$2.95 (down from US$3.51 in 1Q 2023). Revenue: US$274.4m (down 4.4% from 1Q 2023). Net income: US$144.4m (down 16% from 1Q 2023). Profit margin: 53% (down from 60% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 28
International Seaways, Inc., Annual General Meeting, Jun 12, 2024 International Seaways, Inc., Annual General Meeting, Jun 12, 2024, at 14:00 Eastern Standard Time. Location: Club 101, Kenilworth Room, 101 Park Avenue New York New York United States Agenda: To consider Electing the ten (10) director nominees named in the accompanying Proxy Statement, each to serve until the annual meeting of the Company to be held in 2025; Ratifying the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024; and Approving, by advisory vote, the compensation of the Named Executive Officers for 2023. Duyuru • Apr 26
International Seaways, Inc. to Report Q1, 2024 Results on May 08, 2024 International Seaways, Inc. announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on May 08, 2024 Duyuru • Apr 17
International Seaways, Inc. Announces Retirement of Joseph I. Kronsberg to Its Board International Seaways, Inc. announced proposed changes to its Board of Directors ahead of the Company’s 2024 Annual Meeting of Stockholders, which is expected to be held in June 2024. Joseph I. Kronsberg will be retiring from the Board and will not stand for re-election. Recent Insider Transactions • Mar 10
President recently sold €667k worth of stock On the 6th of March, Lois Zabrocky sold around 14k shares on-market at roughly €48.50 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Lois' only on-market trade for the last 12 months. Upcoming Dividend • Mar 06
Upcoming dividend of US$1.32 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.4%). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$11.35 (vs US$7.85 in FY 2022) Full year 2023 results: EPS: US$11.35 (up from US$7.85 in FY 2022). Revenue: US$1.07b (up 24% from FY 2022). Net income: US$556.0m (up 44% from FY 2022). Profit margin: 52% (up from 45% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 02
International Seaways, Inc. to Report Q4, 2023 Results on Feb 29, 2024 International Seaways, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024 Duyuru • Dec 22
International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $100 million. International Seaways, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Upcoming Dividend • Dec 05
Upcoming dividend of US$1.25 per share at 14% yield Eligible shareholders must have bought the stock before 12 December 2023. Payment date: 27 December 2023. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$2.00 (vs US$2.30 in 3Q 2022) Third quarter 2023 results: EPS: US$2.00 (down from US$2.30 in 3Q 2022). Revenue: US$241.7m (up 2.1% from 3Q 2022). Net income: US$97.9m (down 14% from 3Q 2022). Profit margin: 41% (down from 48% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 08
International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on December 27, 2023 On November 6, 2023, the International Seaways, Inc.’s Board of Directors declared a combined dividend of $1.25per share of common stock, composed of a regular quarterly dividend of $0.12per share of common stock and a supplemental dividend of $1.13 per share of common stock. Both dividends will be paid on December 27, 2023, to shareholders with a record date at the close of business on December 13, 2023. Duyuru • Oct 25
International Seaways, Inc. to Report Q3, 2023 Results on Nov 07, 2023 International Seaways, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Upcoming Dividend • Sep 05
Upcoming dividend of US$1.42 per share at 12% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Aug 22
Independent Non-Executive Chairman recently sold €338k worth of stock On the 18th of August, Douglas Wheat sold around 8k shares on-market at roughly €42.30 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €824k. Douglas has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Recent Insider Transactions • Aug 15
Chief Administrative Officer recently sold €824k worth of stock On the 11th of August, James Small sold around 20k shares on-market at roughly €41.22 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$3.13 (vs US$1.39 in 2Q 2022) Second quarter 2023 results: EPS: US$3.13 (up from US$1.39 in 2Q 2022). Revenue: US$292.2m (up 55% from 2Q 2022). Net income: US$153.7m (up 123% from 2Q 2022). Profit margin: 53% (up from 37% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Duyuru • Jul 28
International Seaways, Inc. to Report Q2, 2023 Results on Aug 09, 2023 International Seaways, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 09, 2023 Upcoming Dividend • Jun 06
Upcoming dividend of US$1.62 per share at 11% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%). Reported Earnings • May 07
First quarter 2023 earnings released: EPS: US$3.51 (vs US$0.26 loss in 1Q 2022) First quarter 2023 results: EPS: US$3.51 (up from US$0.26 loss in 1Q 2022). Revenue: US$287.1m (up 183% from 1Q 2022). Net income: US$172.6m (up US$185.6m from 1Q 2022). Profit margin: 60% (up from net loss in 1Q 2022). Revenue is expected to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.9%. Duyuru • May 06
International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on June 28, 2023 International Seaways, Inc. Board of Directors declared a regular quarterly dividend of $0.12 per share of common stock and a supplemental dividend of $1.50 per share of common stock on May 4, 2023. Both dividends will be paid on June 28, 2023, to shareholders with a record date at the close of business on June 14, 2023. Buying Opportunity • Apr 21
Now 22% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be €45.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.0% per annum. Earnings is also forecast to decline by 1.5% per annum over the same time period. Buying Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €48.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.4% per annum. Earnings is also forecast to decline by 3.0% per annum over the same time period. Buying Opportunity • Mar 16
Now 21% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be €49.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 3.4% per annum. Earnings is also forecast to decline by 2.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €42.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 190% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €50.93 per share. Recent Insider Transactions • Mar 08
Independent Non-Executive Chairman recently sold €854k worth of stock On the 2nd of March, Douglas Wheat sold around 17k shares on-market at roughly €49.09 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Douglas has been a net seller over the last 12 months, reducing personal holdings by €1.5m. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$7.86 (vs US$3.48 loss in FY 2021) Full year 2022 results: EPS: US$7.86 (up from US$3.48 loss in FY 2021). Revenue: US$864.7m (up 217% from FY 2021). Net income: US$387.9m (up US$521.5m from FY 2021). Profit margin: 45% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Duyuru • Feb 16
International Seaways, Inc. to Report Q4, 2022 Results on Feb 28, 2023 International Seaways, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 28, 2023 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €40.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 206% over the past year. Recent Insider Transactions • Dec 18
Chief Administrative Officer recently sold €240k worth of stock On the 15th of December, James Small sold around 7k shares on-market at roughly €36.86 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Upcoming Dividend • Nov 30
Upcoming dividend of US$1.12 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 22 December 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.0%). Recent Insider Transactions • Nov 16
Independent Non-Employee Director recently sold €63k worth of stock On the 11th of November, Randee Day sold around 2k shares on-market at roughly €42.09 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €618k. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$2.30 (vs US$1.44 loss in 3Q 2021) Third quarter 2022 results: EPS: US$2.30 (up from US$1.44 loss in 3Q 2021). Revenue: US$236.8m (up 179% from 3Q 2021). Net income: US$113.4m (up US$180.9m from 3Q 2021). Profit margin: 48% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Duyuru • Oct 27
International Seaways, Inc. to Report Q3, 2022 Results on Nov 08, 2022 International Seaways, Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 08, 2022 Recent Insider Transactions • Sep 10
Independent Non-Employee Director recently sold €503k worth of stock On the 9th of September, Ian Blackley sold around 15k shares on-market at roughly €32.44 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €618k. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 28 September 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%). Duyuru • Sep 03
Famatown Finance Limited Issues a Press Release to the Board of the International Seaways Inc On September 2, 2022, Famatown Finance Limited announced that on September 1, 2022 it has issued a press release including a presentation to certain members of the management team of the International Seaways Inc. Famatown Finance stated that it has engaged in discussions with the Board of the Company regarding suggestions aimed at enhancing shareholder value, including the appointment of 2 new shareholder representatives to the Board and it remains hopeful that a cooperative resolution with the Company can be reached. In addition, Famatown Finance stated that it reserves all rights to take actions it may be necessary to improve governance and enhance shareholder value at the Company. Recent Insider Transactions • Aug 31
Independent Non-Executive Chairman recently sold €618k worth of stock On the 29th of August, Douglas Wheat sold around 20k shares on-market at roughly €30.88 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Douglas' only on-market trade for the last 12 months. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$1.39 (vs US$0.67 loss in 2Q 2021) Second quarter 2022 results: EPS: US$1.39 (up from US$0.67 loss in 2Q 2021). Revenue: US$188.2m (up 306% from 2Q 2021). Net income: US$69.0m (up US$87.8m from 2Q 2021). Profit margin: 37% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 49%, compared to a 44% growth forecast for the industry in Germany. Duyuru • Aug 10
International Seaways, Inc. Declares Regular Quarterly Dividend, Payable on September 28, 2022 International Seaways, Inc.’s Board of Directors declared a regular quarterly dividend of $0.12 per share of common stock on August 4, 2022. The dividend will be paid on September 28, 2022 to shareholders with a record date at the close of business on September 14, 2022. Duyuru • Jul 28
International Seaways, Inc. to Report Q2, 2022 Results on Aug 09, 2022 International Seaways, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 09, 2022 Recent Insider Transactions • Jun 14
Chief Administrative Officer recently sold €422k worth of stock On the 10th of June, James Small sold around 19k shares on-market at roughly €22.22 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €403k more than they bought in the last 12 months. Duyuru • Jun 09
International Seaways, Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on June 29, 2022 International Seaways, Inc. announced that its Board of Directors has declared a cash dividend of $0.12 per share for the second quarter of 2022. The declaration represents an increase of $0.06 per share from the company’s historical quarterly dividend of $0.06 per share since the start of 2020. The dividend will be paid on June 29, 2022, to shareholders of record at close of business on June 17, 2022. 
