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

Overseas Shipholding Group (NYSE:OSGGet Free Report) announced its earnings results on Friday. The transportation company reported $0.19 earnings per share for the quarter, RTT News reports. Overseas Shipholding Group had a return on equity of 18.54% and a net margin of 14.26%. The firm had revenue of $117.50 million for the quarter.

Overseas Shipholding Group Price Performance

NYSE OSG opened at $6.72 on Monday. Overseas Shipholding Group has a 12 month low of $3.59 and a 12 month high of $7.00. The firm has a market capitalization of $470.60 million, a PE ratio of 8.20 and a beta of 0.39. The company’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $5.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.67.

Overseas Shipholding Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, March 27th. Overseas Shipholding Group’s dividend payout ratio (DPR) is presently 29.27%.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Overseas Shipholding Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th.

Read Our Latest Research Report on OSG

Insiders Place Their Bets

In related news, CEO Samuel H. Norton sold 20,337 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $5.98, for a total transaction of $121,615.26. Following the completion of the transaction, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at $15,172,109.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now directly owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel H. Norton sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $6.05, for a total transaction of $302,500.00. Following the sale, the chief executive officer now owns 2,352,388 shares of the company’s stock, valued at $14,231,947.40. The disclosure for this sale can be found here. Insiders sold 120,337 shares of company stock worth $738,115 over the last ninety days. Company insiders own 7.97% of the company’s stock.

Overseas Shipholding Group Company Profile

(Get Free Report)

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.

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Earnings History for Overseas Shipholding Group (NYSE:OSG)

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