Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Overseas Shipholding Group, Inc. Class A (OSG) Share Price
Media coverage about Overseas Shipholding Group, Inc. Class A (NYSE:OSG) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Overseas Shipholding Group, Inc. Class A earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.5509862590517 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, ValuEngine raised Overseas Shipholding Group, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
Overseas Shipholding Group, Inc. Class A (NYSE OSG) traded down $0.19 during mid-day trading on Friday, reaching $2.74. The company had a trading volume of 375,648 shares, compared to its average volume of 579,606. Overseas Shipholding Group, Inc. Class A has a 12-month low of $1.96 and a 12-month high of $5.66. The firm has a market cap of $219.88 and a PE ratio of 68.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.38 and a quick ratio of 2.26.
In related news, major shareholder Paulson & Co. Inc. sold 16,006 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $2.66, for a total transaction of $42,575.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Samuel H. Norton purchased 36,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of $2.22 per share, with a total value of $80,142.00. Following the completion of the acquisition, the insider now directly owns 155,931 shares in the company, valued at $346,166.82. The disclosure for this purchase can be found here. Company insiders own 0.77% of the company’s stock.
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Overseas Shipholding Group, Inc. Class A Company Profile
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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