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

Overseas Shipholding Group's stock was trading at $2.89 at the beginning of the year. Since then, OSG shares have increased by 29.4% and is now trading at $3.74.
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Overseas Shipholding Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 484,900 shares, an increase of 34.2% from the April 30th total of 361,400 shares. Based on an average trading volume of 425,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our OSG earnings forecast.

Overseas Shipholding Group, Inc. (NYSE:OSG) announced its quarterly earnings results on Monday, May, 8th. The transportation company reported $0.14 earnings per share for the quarter. The transportation company earned $113.79 million during the quarter. Overseas Shipholding Group had a net margin of 8.23% and a trailing twelve-month return on equity of 11.38%.

Overseas Shipholding Group declared that its board has authorized a stock buyback program on Friday, March 17th 2023, which allows the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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).

Overseas Shipholding Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "OSG."

Overseas Shipholding Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.77%), Portolan Capital Management LLC (1.75%), BlackRock Inc. (1.74%), Two Sigma Investments LP (1.03%), Two Sigma Advisers LP (1.02%) and Renaissance Technologies LLC (0.96%). 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.
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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.
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One share of OSG stock can currently be purchased for approximately $3.74.

Overseas Shipholding Group (NYSE:OSG) has a market capitalization of $292.69 million and generates $466.80 million in revenue each year. The transportation company earns $26.56 million in net income (profit) each year or $0.44 on an earnings per share basis.

The company employs 1,023 workers across the globe.

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.