Overseas Shipholding Group Inc. (OSG) Sees Strong Trading Volume
Shares of Overseas Shipholding Group Inc. (NYSE:OSG) saw an uptick in trading volume on Thursday . 298,720 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 161,601 shares.The stock last traded at $10.76 and had previously closed at $10.75.
The firm has a market cap of $764.18 million and a price-to-earnings ratio of 3.97. The firm has a 50-day moving average of $11.81 and a 200-day moving average of $11.56.
Overseas Shipholding Group (NYSE:OSG) last issued its 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 business earned $221.45 million during the quarter, compared to analyst estimates of $245.49 million. Analysts predict that Overseas Shipholding Group Inc. will post $0.88 EPS for the current fiscal year.
In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $10.82, for a total value of $379,489.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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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