Overseas Shipholding Group Inc. (OSG) Shares Up 3.2%
Overseas Shipholding Group Inc. (NYSE:OSG)’s share price shot up 3.2% during mid-day trading on Friday . The stock traded as high as $10.58 and last traded at $10.52, with a volume of 156,512 shares changing hands. The stock had previously closed at $10.19.
The stock’s 50-day moving average is $11.67 and its 200 day moving average is $11.49. The stock has a market cap of $736.86 million and a P/E ratio of 3.83.
Overseas Shipholding Group (NYSE:OSG) last released its earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $221.45 million for the quarter, compared to analysts’ expectations of $245.49 million. Equities analysts anticipate that Overseas Shipholding Group Inc. will post $0.88 earnings per share for the current fiscal year.
In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the stock in a transaction that occurred 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 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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