Overseas Shipholding Group Inc. (NYSE:OSG) shares dropped 2.4% during trading on Thursday . The stock traded as low as $12.30 and last traded at $12.39, with a volume of 59,447 shares changing hands. The stock had previously closed at $12.69.

The stock has a market capitalization of $844.34 million and a PE ratio of 4.18. The company’s 50-day moving average is $11.80 and its 200 day moving average is $11.74.

Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Tuesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm earned $243.76 million during the quarter, compared to the consensus estimate of $233.54 million. On average, analysts anticipate that Overseas Shipholding Group Inc. will post $1.07 earnings per share for the current year.

In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website.

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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