Somewhat Positive Press Coverage Somewhat Unlikely to Affect Overseas Shipholding Group (OSG) Share Price
Media coverage about Overseas Shipholding Group (NYSE:OSG) has been trending somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Overseas Shipholding Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.3069637849218 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Overseas Shipholding Group Inc. Rating Lowered To ‘B-‘ From ‘B’; Debt Ratings Lowered; Outlook Developing (thaipr.net)
- Euronav NV (EURN) & Overseas Shipholding Group (OSG) Critical Review (americanbankingnews.com)
- Overseas Shipholding Group, Inc. — Moody’s changes OSG’s outlook to stable from negative; affirms B3 CFR (finance.yahoo.com)
Shares of Overseas Shipholding Group (NYSE:OSG) traded up $0.18 during midday trading on Friday, hitting $2.84. 425,300 shares of the company traded hands, compared to its average volume of 558,928. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 1.62. Overseas Shipholding Group has a 12 month low of $1.96 and a 12 month high of $8.26. The stock has a market capitalization of $213.12, a P/E ratio of 3.69 and a beta of 2.04.
Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Thursday, November 9th. The transportation company reported ($0.07) EPS for the quarter. Overseas Shipholding Group had a positive return on equity of 26.01% and a negative net margin of 66.23%. The firm had revenue of $93.27 million during the quarter. During the same quarter last year, the firm posted ($0.59) earnings per share.
Separately, ValuEngine lowered shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a report on Thursday, September 7th.
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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