Overseas Shipholding Group (NYSE:OSG) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a report published on Tuesday. The brokerage issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

OSG opened at $8.49 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.67. The stock has a market capitalization of $611.53 million, a PE ratio of 10.35 and a beta of 0.31. The stock’s 50 day moving average price is $8.06 and its 200-day moving average price is $6.69. Overseas Shipholding Group has a 52-week low of $3.95 and a 52-week high of $8.50.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Friday, May 10th. The transportation company reported $0.19 EPS for the quarter. Overseas Shipholding Group had a net margin of 14.26% and a return on equity of 18.38%. The business had revenue of $117.50 million during the quarter.

Insider Activity

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.74, for a total value of $337,000.00. Following the completion of the transaction, the chief executive officer now owns 2,457,479 shares in the company, valued at $16,563,408.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Samuel H. Norton sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $6.74, for a total value of $337,000.00. Following the transaction, the chief executive officer now directly owns 2,457,479 shares of the company’s stock, valued at approximately $16,563,408.46. The disclosure for this sale can be found here. 9.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Overseas Shipholding Group

Hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new position in Overseas Shipholding Group in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC increased its position in shares of Overseas Shipholding Group by 255.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,915 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 4,969 shares in the last quarter. AJOVista LLC bought a new position in Overseas Shipholding Group in the 4th quarter valued at approximately $60,000. Principal Financial Group Inc. bought a new stake in shares of Overseas Shipholding Group in the 1st quarter worth $114,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Overseas Shipholding Group by 24.5% during the fourth quarter. SG Americas Securities LLC now owns 34,607 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 6,802 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Overseas Shipholding Group Company Profile

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, petroleum, and renewable transportation fuels in the United States flag trade. As of December 31, 2023, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons.