Overseas Shipholding Group Inc. (NYSE:OSG)’s share price fell 2.4% on Thursday . The stock traded as low as $12.30 and last traded at $12.39, with a volume of 59,447 shares trading hands. The stock had previously closed at $12.69.

The stock has a market capitalization of $853.03 million and a price-to-earnings ratio of 4.23. The firm’s 50-day moving average is $11.93 and its 200-day moving average is $11.79.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $243.76 million for the quarter, compared to analysts’ expectations of $233.54 million. On average, equities analysts expect that Overseas Shipholding Group Inc. will post $1.07 earnings per share for the current fiscal year.

In other Overseas Shipholding Group news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink.

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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