Overseas Shipholding Group Inc. (OSG) Sees Large Volume Increase

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Shares of Overseas Shipholding Group Inc. (NYSE:OSG) saw strong trading volume on Tuesday . 763,497 shares traded hands during trading, an increase of 74% from the previous session’s volume of 440,030 shares.The stock last traded at $10.96 and had previously closed at $10.52.
The firm’s 50 day moving average is $11.67 and its 200-day moving average is $11.51. The firm has a market capitalization of $767.68 million and a PE ratio of 3.99.

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Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The firm earned $221.45 million during the quarter, compared to the consensus estimate of $245.49 million. Equities research analysts forecast that Overseas Shipholding Group Inc. will post $0.88 EPS for the current year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $10.82, for a total value of $379,489.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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