Overseas Shipholding Group Inc. (OSG) Trading 1.7% Higher
Overseas Shipholding Group Inc. (NYSE:OSG)’s share price traded up 1.7% during trading on Friday . The stock traded as high as $11.88 and last traded at $11.83, with a volume of 103,726 shares changing hands. The stock had previously closed at $11.63.
The stock has a market cap of $790.86 million and a P/E ratio of 3.92. The company’s 50-day moving average is $11.23 and its 200 day moving average is $11.23.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.09 EPS for the quarter. The firm had revenue of $243.76 million for the quarter, compared to analyst estimates of $233.54 million. Analysts predict that Overseas Shipholding Group Inc. will post $1.07 earnings per share for the current fiscal year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $10.82, for a total transaction of $379,489.86. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.
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