Overseas Shipholding Group (OSG) Receiving Somewhat Positive Press Coverage, Accern Reports
News articles about Overseas Shipholding Group (NYSE:OSG) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Overseas Shipholding Group earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.7312246883972 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, ValuEngine lowered shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th.
Overseas Shipholding Group (OSG) opened at 2.77 on Friday. The stock’s market capitalization is $207.84 million. The company has a 50 day moving average of $2.60 and a 200 day moving average of $2.60. Overseas Shipholding Group has a 12 month low of $2.35 and a 12 month high of $10.70.
Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $96.23 million during the quarter. Overseas Shipholding Group had a positive return on equity of 10.95% and a negative net margin of 71.11%. On average, equities analysts predict that Overseas Shipholding Group will post $0.87 EPS for the current year.
In related news, major shareholder Paulson & Co. Inc. sold 116,881 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $2.25, for a total value of $262,982.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Samuel H. Norton purchased 32,800 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $2.02 per share, with a total value of $66,256.00. Following the completion of the acquisition, the insider now directly owns 125,531 shares of the company’s stock, valued at $253,572.62. The disclosure for this purchase can be found here. Insiders purchased 55,600 shares of company stock valued at $111,912 over the last ninety days.
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About Overseas Shipholding Group
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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