Overseas Shipholding Group Inc. (NYSE:OSG) shares shot up 2.8% during trading on Thursday . The company traded as high as $12.68 and last traded at $12.65, with a volume of 58,472 shares traded. The stock had previously closed at $12.30.

The stock has a market cap of $863.06 million and a P/E ratio of 4.28. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $11.37.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $243.76 million for the quarter, compared to analyst estimates of $233.54 million. On average, equities analysts predict that Overseas Shipholding Group Inc. will post $1.07 EPS for the current fiscal year.

In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of Overseas Shipholding Group stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

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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