A Small-Cap Energy Stock Wall Street Analysts Believe Will Rally More Than 35%

International Seaways (INSW) is a shipping company that owns and operates a fleet of tankers. The company provides energy transportation services for crude oil and petroleum products in international markets. The company's fleet is one of the largest in the world, and it operates in all major shipping lanes.

As of 2023, International Seaways has 2,061 employees and the company's headquarters are in New York City, New York.

International Seaways provides the following services:

• Voyage charters: This is a type of contract in which the charterer hires the vessel for a specific voyage.
• Commercial pools: This is a group of tanker owners who pool their vessels together to offer shipping services.
• Time charters: This is a type of contract in which the charterer hires the vessel for a specific period of time.

In addition to its shipping operations, INSW also has a number of subsidiaries that provide related services, such as ship management and ship repair. The company also has a joint venture with Diamond S Shipping, which owns and operates a fleet of dry bulk vessels.

Year to date, INSW is up 11.43%, compared to the S&P 500's gain of 17.28%:

Wall Street analysts are very bullish on INSW. Of the 5 analysts that cover INSW, all 5 have a Strong Buy Rating on the stock. In addition, the mean price target for INSW is $57.60, which is 39% higher than where the stock is currently trading.

In July 2023, Stifel reduced their price target for INSW but kept its Buy rating on the stock. Their analyst told investors that the summer has experienced reduced shipping demand for  “virtually all segments.” However, Stifel's price target for INSW is $58, which is 40% higher than where the stock is currently trading. 

Last month Cleaves Securities set a price target of $82 for INSW and maintained their Buy Rating. That is 99% higher than where INSW is currently trading.