Overseas Shipholding Group Inc. (OSG) Shares Gap Up to $10.76
Overseas Shipholding Group Inc. (NYSE:OSG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.72, but opened at $10.76. Overseas Shipholding Group shares last traded at $10.88, with a volume of 153,238 shares traded.
The stock has a 50-day moving average of $11.81 and a 200-day moving average of $11.56. The company has a market capitalization of $764.18 million and a P/E ratio of 3.97.
Overseas Shipholding Group (NYSE:OSG) last released its earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $221.45 million for the quarter, compared to analyst estimates of $245.49 million. Equities research analysts predict that Overseas Shipholding Group Inc. will post $0.88 earnings per share for the current fiscal year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $10.82, for a total transaction of $379,489.86. The sale was disclosed in a filing 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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