Overseas Shipholding Group Inc. (OSG) Stock Price Down 4.9%
Overseas Shipholding Group Inc. (NYSE:OSG) shares were down 4.9% during trading on Thursday . The company traded as low as $10.20 and last traded at $10.31, with a volume of 214,604 shares changing hands. The stock had previously closed at $10.84.
The company’s 50-day moving average price is $11.67 and its 200 day moving average price is $11.49. The firm has a market capitalization of $736.86 million and a PE ratio of 3.83.
Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The firm earned $221.45 million during the quarter, compared to analyst estimates of $245.49 million. On average, analysts expect that Overseas Shipholding Group Inc. will post $0.88 earnings per share for the current year.
In other Overseas Shipholding Group news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the company’s 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 filing with the Securities & Exchange Commission, 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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