NYSE:OSG

Overseas Shipholding Group (OSG) Stock Forecast, Price & News

$4.07

-0.01 (-0.25%)

(As of 08/11/2023 08:48 PM ET)

Compare

Today's Range: $4.04
▼
$4.10
50-Day Range: $3.83
▼
$4.43
52-Week Range: $2.64
▼
$4.51

Volume: 163,800 shs
Average Volume: 496,284 shs
Market Capitalization: $312.13 million

P/E Ratio: 7.40
Dividend Yield: N/A
Price Target: N/A

Overseas Shipholding Group MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.21% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.71
Based on 6 Articles This Week
Insider Trading: Selling Shares
$77,000 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Transportation Sector

53rd out of 113 stocks

Deep Sea Foreign Transportation Of Freight Industry

14th out of 27 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Overseas Shipholding Group.

5.0

Short Interest

Percentage of Shares Shorted
2.21% of the float of Overseas Shipholding Group has been sold short.
Short Interest Ratio / Days to Cover
Overseas Shipholding Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Overseas Shipholding Group has recently decreased by 11.59%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Overseas Shipholding Group does not currently pay a dividend.
Dividend Growth
Overseas Shipholding Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OSG.

3.7

News and Social Media Coverage

News Sentiment
Overseas Shipholding Group has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Overseas Shipholding Group this week, compared to 1 article on an average week.
Search Interest
2 people have searched for OSG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
3 people have added Overseas Shipholding Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Overseas Shipholding Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $77,000.00 in company stock.
Percentage Held by Insiders
Only 7.97% of the stock of Overseas Shipholding Group is held by insiders.
Percentage Held by Institutions
50.65% of the stock of Overseas Shipholding Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Overseas Shipholding Group is 7.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Overseas Shipholding Group is 7.40, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.97.
Price to Book Value per Share Ratio
Overseas Shipholding Group has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Overseas Shipholding Group (NYSE:OSG) Stock

Overseas Shipholding Group, Inc., together with its subsidiaries, owns and operates a fleet of oceangoing vessels in the United States. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2022, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons. It serves independent oil traders, refinery operators, and the United States and international government entities. Overseas Shipholding Group, Inc. was founded in 1948 and is headquartered in Tampa, Florida.

OSG Price History

30 days | 90 days | 365 days | Advanced Chart

OSG Stock News Headlines

August 11, 2023 | finance.yahoo.com

Overseas Shipholding Group, Inc. (NYSE:OSG) Q2 2023 Earnings Call Transcript

August 10, 2023 | americanbankingnews.com

Overseas Shipholding Group (NYSE:OSG) Issues Quarterly Earnings Results

August 14, 2023 | Behind the Markets (Ad)

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August 8, 2023 | finance.yahoo.com

Overseas Shipholding Group Second Quarter 2023 Earnings: EPS: US$0.15 (vs US$0.041 in 2Q 2022)

August 7, 2023 | finance.yahoo.com

Overseas Shipholding Group Reports Second Quarter 2023 Results

August 5, 2023 | finance.yahoo.com

Should We Be Cautious About Overseas Shipholding Group, Inc.'s (NYSE:OSG) ROE Of 11%?

July 27, 2023 | finance.yahoo.com

Overseas Shipholding Group to Announce Second Quarter 2023 Results on August 7, 2023

July 19, 2023 | finance.yahoo.com

Overseas Shipholding Group, Inc. (NYSE:OSG) is definitely on the radar of institutional investors who own 39% of the company

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July 16, 2023 | msn.com

AMSC ASA: Solid Undercovered Stock, 12% Yield, Industry Tailwinds

July 6, 2023 | bizjournals.com

CEO of Tampa oil shipper sees possibilities in an energy transition

July 3, 2023 | finance.yahoo.com

Returns Are Gaining Momentum At Overseas Shipholding Group (NYSE:OSG)

June 27, 2023 | morningstar.com

Overseas Shipholding Group Inc A

June 21, 2023 | msn.com

Overseas Shipholding surges after doubling stock buyback program to $20M

June 21, 2023 | finance.yahoo.com

Overseas Shipholding Group Announces Increase in Share Repurchase Program

June 20, 2023 | finance.yahoo.com

Overseas Shipholding Group Awarded Government Contract

June 14, 2023 | finance.yahoo.com

Overseas Shipholding Group (OSG) Pledges $90,000 for Women of Maritime at SUNY Maritime College

June 7, 2023 | finance.yahoo.com

OSG Crews Conduct Two Rescues at Sea in 18-Hour Span

May 8, 2023 | finance.yahoo.com

Overseas Shipholding Group Reports First Quarter 2023 Results

May 4, 2023 | finance.yahoo.com

Overseas Shipholding Group Announces the Release of its Sustainability Report

April 28, 2023 | finance.yahoo.com

Overseas Shipholding Group to Announce First Quarter 2023 Results on May 8, 2023 - Correction to Share Repurchase Announcement

April 24, 2023 | bizjournals.com

Overseas Shipholding Group enters into partnership with U.S. DOD

April 7, 2023 | thestreet.com

Overseas Shipholding Group Stock To Go Ex-dividend Tomorrow (OSG)

March 25, 2023 | thestreet.com

Overseas Shipholding Group Stock Hits New 52-Week Low (OSG)

March 11, 2023 | seekingalpha.com

Overseas Shipholding Group, Inc. (OSG) Q4 2022 and Full Year 2022 Results Conference Call Transcript

March 9, 2023 | msn.com

Overseas Shipholding GAAP EPS of $0.11, revenue of $121.76M

March 9, 2023 | finance.yahoo.com

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2022 Results

See More Headlines

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OSG Company Calendar

Last Earnings: 8/07/2023
Today: 8/13/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:OSG
CUSIP: N/A
CIK: 75208
Web: www.osg.com
Phone: (813) 209-0600
Fax: 212-578-1821
Employees: 1,023
Year Founded: 1948

Profitability

EPS (Most Recent Fiscal Year): $0.55
Trailing P/E Ratio: 7.40
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $26.56 million
Net Margins: 10.27%
Pretax Margin: 12.63%
Return on Equity: 13.75%
Return on Assets: 4.32%

Debt

Debt-to-Equity Ratio: 1.14
Current Ratio: 0.88
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $466.80 million
Price / Sales: 0.67
Cash Flow: $1.16 per share
Price / Cash Flow: 3.50
Book Value: $4.62 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 76,690,000
Free Float: 70,578,000
Market Cap: $312.13 million
Optionable: Optionable
Beta: 0.50

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Key Executives

Mr. Samuel H. Norton (Age 64)
Pres, CEO & Director
Comp: $1.31M

Mr. Richard L. Trueblood CPA (Age 77)
CPA, VP & CFO
Comp: $741.57k

Mr. Patrick J. O'Halloran (Age 53)
VP & COO
Comp: $682.91k

Mr. Damon M. Mote (Age 55)
VP & Chief Admin. Officer

Ms. Susan Allan (Age 60)
VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OSG Stock - Frequently Asked Questions

How have OSG shares performed in 2023?: Overseas Shipholding Group's stock was trading at $2.89 at the beginning of 2023. Since then, OSG shares have increased by 40.8% and is now trading at $4.07.
View the best growth stocks for 2023 here.
Are investors shorting Overseas Shipholding Group?: Overseas Shipholding Group saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,320,000 shares, an increase of 221.6% from the June 15th total of 410,500 shares. Based on an average daily trading volume, of 538,700 shares, the short-interest ratio is currently 2.5 days. Currently, 2.3% of the shares of the company are short sold.
View Overseas Shipholding Group's Short Interest.
When is Overseas Shipholding Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our OSG earnings forecast.
How were Overseas Shipholding Group's earnings last quarter?: Overseas Shipholding Group, Inc. (NYSE:OSG) issued its quarterly earnings results on Monday, August, 7th. The transportation company reported $0.15 EPS for the quarter. The transportation company had revenue of $106.63 million for the quarter. Overseas Shipholding Group had a net margin of 10.27% and a trailing twelve-month return on equity of 13.75%.
How will Overseas Shipholding Group's stock buyback program work?: Overseas Shipholding Group declared that its board has authorized a stock buyback program on Wednesday, June 21st 2023, which authorizes the company to repurchase $10,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
What other stocks do shareholders of Overseas Shipholding Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Overseas Shipholding Group investors own include Overstock.com (OSTK), OPKO Health (OPK), Colony Capital (CLNY), Main Street Capital (MAIN), Teekay Tankers (TNK), Vector Group (VGR), Enphase Energy (ENPH), NVIDIA (NVDA), Pure Storage (PSTG) and Riot Platforms (RIOT).

What is Overseas Shipholding Group's stock symbol?: Overseas Shipholding Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "OSG."
Who are Overseas Shipholding Group's major shareholders?: Overseas Shipholding Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.02%), BlackRock Inc. (4.94%), Janney Montgomery Scott LLC (1.82%), Geode Capital Management LLC (1.53%), Renaissance Technologies LLC (1.42%) and Pale Fire Capital SE (1.38%). Insiders that own company stock include Anja Manuel, Cyrus Capital Partners, LP, Douglas D Wheat, Gary Eugene Taylor, Julie Silcock, Saltchuk Resources, Inc and Samuel H Norton.
View institutional ownership trends.
How do I buy shares of Overseas Shipholding Group?: Shares of OSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Overseas Shipholding Group's stock price today?: One share of OSG stock can currently be purchased for approximately $4.07.
How much money does Overseas Shipholding Group make?: Overseas Shipholding Group (NYSE:OSG) has a market capitalization of $312.13 million and generates $466.80 million in revenue each year. The transportation company earns $26.56 million in net income (profit) each year or $0.55 on an earnings per share basis.
How many employees does Overseas Shipholding Group have?: The company employs 1,023 workers across the globe.
Does Overseas Shipholding Group have any subsidiaries?: The following companies are subsidiares of Overseas Shipholding Group: Akun Island LLC, Alaska Tanker Company, Alaska Tanker Company LLC, Heidmar Lightering Services, Kiska Island LLC, Maritrans General Partner Inc., Maritrans Inc, Maritrans Operating Company L.P., Mykonos Tanker LLC, OSG 204 LLC, OSG 205 LLC, OSG 209 LLC, OSG 242 LLC, OSG 243 LLC, OSG 244 LLC, OSG Alaska LLC, OSG America L.P., OSG America LLC, OSG America Operating Company LLC, OSG Bulk Ships Inc., OSG Columbia LLC, OSG Courageous II LLC, OSG Courageous LLC, OSG Delaware Bay Lightering LLC, OSG Endurance LLC, OSG Financial Corp., OSG Honour LLC, OSG Independence LLC, OSG Maritrans Parent LLC, OSG Product Tankers AVTC LLC, OSG Product Tankers I LLC, OSG Product Tankers II LLC, OSG Product Tankers LLC, OSG Product Tankers Member LLC, OSG Ship Management Inc., Overseas Anacortes LLC, Overseas Boston LLC, Overseas Gulf Coast LLC, Overseas Houston LLC, Overseas Key West LLC, Overseas Long Beach LLC, Overseas Los Angeles LLC, Overseas Martinez LLC, Overseas New York LLC, Overseas Nikiski LLC, Overseas ST Holding LLC, Overseas Sun Coast LLC, Overseas Tampa LLC, Overseas Texas City LLC, Santorini Tanker LLC, Stelmar Shipping, Tagalak Island LLC, and Unimak Island LLC.
Read More
How can I contact Overseas Shipholding Group?: Overseas Shipholding Group's mailing address is 302 KNIGHTS RUN AVENUE, TAMPA FL, 33602. The official website for the company is www.osg.com. The transportation company can be reached via phone at (813) 209-0600, via email at shrrelations@cpushareownerservices.com, or via fax at 212-578-1821.

This page (NYSE:OSG) was last updated on 8/14/2023 by MarketBeat.com Staff

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