10 Cheap Rising Stocks to Buy Right Now

8. International Seaways, Inc. (NYSE:INSW)

30-day returns: 26.63%

Forward P/E ratio: 7.30

International Seaways, Inc. (NYSE:INSW) is a tanker company that provides energy transportation services for petroleum products and crude oil in international flag markets. It operates a fleet of 84 vessels.

Over the past decade, the company has built an impressive track record of shareholder returns, maintaining a healthy balance sheet, and investing in growth. International Seaways, Inc. (NYSE:INSW) also has a reputation for continuously renewing its fleet to ensure that its average age is about 10 years, which is considered a sweet spot for tanker investments and returns.

During 2024, International Seaways, Inc. (NYSE:INSW) signed three time charter agreements for a 2014-built LR2 and two 2009-built MRs. The company also has contracts to build six scrubber-fitted, dual-fuel (LNG) ready, LR1 vessels with K Shipbuilding Co in Korea for $359 million. The deliveries are expected between Q3 2025 and Q3 2026.

International Seaways, Inc. (NYSE:INSW) declared an adjusted net income of $40 million for the first quarter of fiscal 2025, translating to an EPS of $0.89, falling just shy of expectations. However, the company’s revenue of $183.39 million surpassed expectations. Overall, the results showcased a steady performance.

On May 8, Jefferies reiterated International Seaways, Inc. (NYSE:INSW)’s Buy rating and maintained its price target of $48 per share. It is among the cheap rising stocks to buy right now.