Overseas Shipholding Group Inc. (OSG) Shares Gap Up to $10.76
Overseas Shipholding Group Inc. (NYSE:OSG) gapped up prior to trading on Friday . The stock had previously closed at $10.72, but opened at $10.76. Overseas Shipholding Group shares last traded at $10.88, with a volume of 153,238 shares traded.
The stock has a 50 day moving average of $11.83 and a 200-day moving average of $11.58. The firm has a market capitalization of $764.18 million and a P/E ratio of 3.97.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The firm earned $221.45 million during the quarter, compared to the consensus estimate of $245.49 million. On average, equities research analysts forecast that Overseas Shipholding Group Inc. will post $0.88 EPS for the current fiscal year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the business’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 sale was disclosed in a document filed 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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