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Stock analysts at Imperial Capital lifted their price target on shares of Overseas Shipholding Group (NASDAQ:OSGIQ) from $2.00 to $5.00 in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price points to a potential downside of 29.38% from the company’s current price.

Shares of Overseas Shipholding Group (NASDAQ:OSGIQ) traded down 9.60% on Wednesday, hitting $6.40. 129,224 shares of the company’s stock traded hands. Overseas Shipholding Group has a 52 week low of $0.85 and a 52 week high of $8.72. The stock’s 50-day moving average is $5.52 and its 200-day moving average is $3.99. The company’s market cap is $196.6 million.

Overseas Shipholding Group, Inc (NASDAQ:OSGIQ) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products.

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