Overseas Shipholding Group Inc. (OSG) Shares Down 5.2%
Shares of Overseas Shipholding Group Inc. (NYSE:OSG) traded down 5.2% during mid-day trading on Wednesday . The stock traded as low as $11.11 and last traded at $11.18, with a volume of 88,074 shares trading hands. The stock had previously closed at $11.79.
The company’s 50-day moving average price is $11.98 and its 200-day moving average price is $11.81. The firm has a market capitalization of $745.40 million and a price-to-earnings ratio of 3.69.
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, beating the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $221.45 million for the quarter, compared to analysts’ expectations of $245.49 million. On average, equities research analysts forecast that Overseas Shipholding Group Inc. will post $1.25 earnings per share for the current fiscal year.
In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of Overseas Shipholding Group stock in a transaction that occurred on Monday, June 27th. The shares were 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 Securities & Exchange Commission, which is available at 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.