Overseas Shipholding Group Inc. (OSG) Shares Down 2.4%
Overseas Shipholding Group Inc. (NYSE:OSG)’s share price dropped 2.4% during trading on Tuesday . The company traded as low as $11.55 and last traded at $11.56, with a volume of 353,389 shares traded. The stock had previously closed at $11.85.
The company has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.17. The stock has a market capitalization of $774.15 million and a PE ratio of 3.84.
Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.09 EPS for the quarter. The business earned $243.76 million during the quarter, compared to analyst estimates of $233.54 million. Analysts expect that Overseas Shipholding Group Inc. will post $1.07 EPS for the current year.
In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of Overseas Shipholding Group 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 transaction was disclosed in a document filed 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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