Overseas Shipholding Group Inc. (OSG) Trading Down 4.9%
Overseas Shipholding Group Inc. (NYSE:OSG)’s share price fell 4.9% on Thursday . The stock traded as low as $10.20 and last traded at $10.31, with a volume of 214,604 shares changing hands. The stock had previously closed at $10.84.
The firm’s 50-day moving average is $11.74 and its 200 day moving average is $11.53. The firm has a market cap of $713.75 million and a price-to-earnings ratio of 3.71.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $221.45 million for the quarter, compared to the consensus estimate of $245.49 million. Equities research analysts predict that Overseas Shipholding Group Inc. will post $0.88 EPS for the current fiscal year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the firm’s 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 SEC, which is available 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.