Overseas Shipholding Group - OSG Stock Forecast, Price & News

Overseas Shipholding Group's stock was trading at $1.88 at the beginning of 2022. Since then, OSG shares have increased by 46.8% and is now trading at $2.76.
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Overseas Shipholding Group saw a increase in short interest in July. As of July 15th, there was short interest totaling 421,100 shares, an increase of 22.3% from the June 30th total of 344,200 shares. Based on an average daily trading volume, of 187,400 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our OSG earnings forecast.

Overseas Shipholding Group, Inc. (NYSE:OSG) posted its earnings results on Friday, August, 6th. The transportation company reported ($0.12) earnings per share for the quarter. The transportation company had revenue of $88.36 million for the quarter. Overseas Shipholding Group had a negative net margin of 4.00% and a negative trailing twelve-month return on equity of 2.99%.

Overseas Shipholding Group declared that its Board of Directors has authorized a share buyback program on Monday, June 13th 2022, which allows the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership 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 Blockchain (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 many different retail and institutional investors. Top institutional investors include Janney Montgomery Scott LLC (1.98%), Renaissance Technologies LLC (0.63%), State Street Corp (0.28%), Goldman Sachs Group Inc. (0.24%), JPMorgan Chase & Co. (0.10%) and Brandywine Global Investment Management LLC (0.03%). Insiders that own company stock include Cyrus Capital Partners, LP, Douglas D Wheat, Gary Eugene Taylor, Julie Silcock, Saltchuk Resources, Inc and Samuel H Norton.
View institutional ownership trends.

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 $2.76.

Overseas Shipholding Group (NYSE:OSG) has a market capitalization of $243.33 million and generates $359.06 million in revenue each year. The transportation company earns $-46,250,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

The company employs 953 workers across the globe.

Overseas Shipholding Group was founded in 1948.

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.