Overseas Shipholding Group Inc. (NYSE:OSG)’s share price dropped 1.9% during mid-day trading on Thursday . The stock traded as low as $10.71 and last traded at $10.75, with a volume of 112,628 shares changing hands. The stock had previously closed at $10.96.

The stock’s 50-day moving average is $11.89 and its 200 day moving average is $11.69. The firm has a market cap of $749.47 million and a P/E ratio of 3.89.

Overseas Shipholding Group (NYSE:OSG) last posted its earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, topping 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. Equities research analysts expect that Overseas Shipholding Group Inc. will post $0.88 earnings per share for the current year.

In other news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through 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.

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