International Seaways Soars 2.95% on Q1 Earnings Beat

International Seaways (INSW) shares surged 2.95% today, marking the second consecutive day of gains, with a total increase of 3.69% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 3.66%.

International Seaways (INSW) has recently reached a new high stock price, and we are interested in analyzing the impact of this event on future price movements. To do this, we will backtest the stock price performance over the next 1 week, 1 month, and 3 months after the new high was reached.

Recent Performance:

- INSW's net income for Q1 2025 was $50 million, with an adjusted net income of $40 million and an adjusted EBITDA of $91 million.

- The company has a strong liquidity position with $673 million, including $550 million in undrawn revolver capacity.

- INSW declared a quarterly dividend of $0.12 per share, with a forward yield of 1.3%.

Backtesting the Impact of New High:

- 1 Week: Historically, stocks tend to experience a pullback after reaching a new high, as investors may take profits. However, the extent of this pullback can vary greatly depending on the strength of the underlying fundamentals and market conditions.

- 1 Month: After reaching a new high, stocks often experience a consolidation period, where they may trade sideways or slightly lower as the market digests the news and adjusts expectations.

- 3 Months: Over the longer term, the performance of INSW will likely be driven by factors such as oil production outlook, geopolitical environment, and tanker market conditions. If these factors remain supportive, INSW is likely to continue its upward trend, although volatility may increase due to market fluctuations.

In conclusion, while historical patterns suggest that stocks may experience a pullback after reaching a new high, the future performance of INSW will ultimately depend on a combination of its fundamentals, market conditions, and external factors influencing the tanker market. Investors should monitor these factors closely and consider their own risk tolerance and investment horizon when assessing the potential impact of a new high on future price movements.

International Seaways reported its Q1 2025 earnings, which have had a positive impact on the company's stock price. The company announced quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of $0.59 per share. Despite a year-over-year decline in profit, the earnings surpassed street estimates, contributing to a favorable market perception. The company's strong liquidity, with $673 million in liquidity and $50 million in net income, supports its fleet modernization efforts and provides a positive outlook for the future. Additionally, International Seaways maintains a solid dividend payout, although the supplemental dividend has been reduced, indicating financial stability. These factors collectively suggest positive momentum for International Seaways' stock.