Overseas Shipholding Group Inc. (OSG) Sees Unusually-High Trading Volume
Overseas Shipholding Group Inc. (NYSE:OSG) shares saw unusually-high trading volume on Wednesday . Approximately 510,810 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 239,221 shares.The stock last traded at $11.02 and had previously closed at $11.05.
The company has a market cap of $759.28 million and a price-to-earnings ratio of 3.94. The stock’s 50-day moving average price is $11.76 and its 200-day moving average price is $11.54.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $221.45 million for 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 year.
In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was 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 Securities & Exchange Commission, which is available through 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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