How have OSG shares performed in 2024?

Overseas Shipholding Group's stock was trading at $5.27 at the start of the year. Since then, OSG stock has increased by 15.4% and is now trading at $6.08. View the best growth stocks for 2024 here .

Are investors shorting Overseas Shipholding Group?

Overseas Shipholding Group saw a drop in short interest in March. As of March 31st, there was short interest totaling 508,700 shares, a drop of 31.6% from the March 15th total of 744,000 shares. Based on an average daily volume of 392,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.0% of the shares of the company are short sold. View Overseas Shipholding Group's Short Interest .

When is Overseas Shipholding Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our OSG earnings forecast .

How were Overseas Shipholding Group's earnings last quarter?

Overseas Shipholding Group, Inc. (NYSE:OSG) posted its quarterly earnings results on Monday, March, 11th. The transportation company reported $0.26 earnings per share (EPS) for the quarter. The transportation company had revenue of $116.02 million for the quarter. Overseas Shipholding Group had a net margin of 13.82% and a trailing twelve-month return on equity of 17.84%. During the same period in the previous year, the company earned $0.75 earnings per share.

How often does Overseas Shipholding Group pay dividends? What is the dividend yield for Overseas Shipholding Group?

Overseas Shipholding Group declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.06 per share on Thursday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for OSG .

Is Overseas Shipholding Group a good dividend stock?

Overseas Shipholding Group (NYSE:OSG) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.98%. OSG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for OSG .

What ETF holds Overseas Shipholding Group's stock?

VanEck Energy Income ETF holds 20,018 shares of OSG stock, representing 0.28% of its portfolio.

How will Overseas Shipholding Group's stock buyback program work?

Overseas Shipholding Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th 2023, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

What other stocks do shareholders of Overseas Shipholding Group own?

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) .

How do I buy shares of Overseas Shipholding Group?

Shares of OSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Overseas Shipholding Group have any subsidiaries?

The following companies are subsidiares of Overseas Shipholding Group: Akun Island LLC, Alaska Tanker Company, Alaska Tanker Company LLC, Heidmar Lightering Services, Kiska Island LLC, Maritrans General Partner Inc., Maritrans Inc, Maritrans Operating Company L.P., Mykonos Tanker LLC, OSG 204 LLC, OSG 205 LLC, OSG 209 LLC, OSG 242 LLC, OSG 243 LLC, OSG 244 LLC, OSG Alaska LLC, OSG America L.P., OSG America LLC, OSG America Operating Company LLC, OSG Bulk Ships Inc., OSG Columbia LLC, OSG Courageous II LLC, OSG Courageous LLC, OSG Delaware Bay Lightering LLC, OSG Endurance LLC, OSG Financial Corp., OSG Honour LLC, OSG Independence LLC, OSG Maritrans Parent LLC, OSG Product Tankers AVTC LLC, OSG Product Tankers I LLC, OSG Product Tankers II LLC, OSG Product Tankers LLC, OSG Product Tankers Member LLC, OSG Ship Management Inc., Overseas Anacortes LLC, Overseas Boston LLC, Overseas Gulf Coast LLC, Overseas Houston LLC, Overseas Key West LLC, Overseas Long Beach LLC, Overseas Los Angeles LLC, Overseas Martinez LLC, Overseas New York LLC, Overseas Nikiski LLC, Overseas ST Holding LLC, Overseas Sun Coast LLC, Overseas Tampa LLC, Overseas Texas City LLC, Santorini Tanker LLC, Stelmar Shipping, Tagalak Island LLC, and Unimak Island LLC. Read More

NYSE:OSG

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

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$6.08

+0.05 (+0.83%)

(As of 02:09 PM ET)

Compare

Today's Range: $6.04
▼
$6.10
50-Day Range: $5.94
▼
$6.47
52-Week Range: $3.59
▼
$6.74

Volume: 58,424 shs
Average Volume: 367,410 shs
Market Capitalization: $425.78 million

P/E Ratio: 7.90
Dividend Yield: 3.95%
Price Target: N/A

Get Overseas Shipholding Group alerts:

Overseas Shipholding Group MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.89% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.75
Based on 3 Articles This Week
Insider Trading: Selling Shares
$738,115 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.29 out of 5 stars

Transportation Sector

59th out of 113 stocks

Deep Sea Foreign Transportation Of Freight Industry

13th out of 27 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Overseas Shipholding Group.

5.0

Short Interest

Percentage of Shares Shorted
0.89% of the float of Overseas Shipholding Group has been sold short.
Short Interest Ratio / Days to Cover
Overseas Shipholding Group has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Overseas Shipholding Group has recently decreased by 12.13%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Overseas Shipholding Group is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Overseas Shipholding Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Overseas Shipholding Group is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OSG.

2.6

News and Social Media Coverage

News Sentiment
Overseas Shipholding Group has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Overseas Shipholding Group this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for OSG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Overseas Shipholding Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Overseas Shipholding Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $738,115.00 in company stock.
Percentage Held by Insiders
Only 7.97% of the stock of Overseas Shipholding Group is held by insiders.
Percentage Held by Institutions
80.92% of the stock of Overseas Shipholding Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Overseas Shipholding Group is 7.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Overseas Shipholding Group is 7.90, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.50.
Price to Book Value per Share Ratio
Overseas Shipholding Group has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Overseas Shipholding Group Stock (NYSE:OSG)

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. It serves independent oil traders, refinery operators, and the United States and international government entities. Overseas Shipholding Group, Inc. was founded in 1948 and is headquartered in Tampa, Florida.

OSG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OSG Stock News Headlines

April 19, 2024 | insidertrades.com

Samuel H. Norton Sells 20,337 Shares of Overseas Shipholding Group, Inc. (NYSE:OSG) Stock

April 26, 2024 | bizjournals.com

Tampa oil shipper seeks to move liquefied CO2 across the Gulf of Mexico with federal grant

April 29, 2024 | Colonial Metals (Ad)

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The latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty.

April 22, 2024 | finance.yahoo.com

Overseas Shipholding Group Awarded Federal Grant to Design Marine Transport For Liquified CO2 Captured by Florida’s Largest Emitters

April 22, 2024 | businesswire.com

Overseas Shipholding Group Awarded Federal Grant to Design Marine Transport For Liquified CO2 Captured by Florida's Largest Emitters

April 18, 2024 | investing.com

Overseas shipholding group CEO sells shares worth over $297k

April 15, 2024 | finance.yahoo.com

Here's Why We Think Overseas Shipholding Group (NYSE:OSG) Might Deserve Your Attention Today

April 2, 2024 | businesswire.com

Overseas Shipholding Group Awards $30,500 in Scholarships with Women Offshore

April 29, 2024 | Colonial Metals (Ad)

Conflict In Israel Sends Gold Soaring ???? Here’s How To Get Your Share

March 29, 2024 | thetimes.co.uk

I worked undercover in one of UK’s most dangerous jails — without checks

March 23, 2024 | finance.yahoo.com

Overseas Shipholding Group, Inc. (NYSE:OSG) Passed Our Checks, And It's About To Pay A US$0.06 Dividend

March 14, 2024 | msn.com

Overseas Shipholding declares $0.06 dividend

March 14, 2024 | businesswire.com

Overseas Shipholding Group Declares Dividend

March 12, 2024 | ca.news.yahoo.com

Swedish flag raised outside NATO HQ and NATO flag raised in Stockholm

March 11, 2024 | finance.yahoo.com

Overseas Shipholding Group Inc Reports Solid 2023 Results with Net Income Surge

March 11, 2024 | markets.businessinsider.com

Overseas Shipholding Group Q4 Income Climbs

March 11, 2024 | businesswire.com

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2023 Results

March 1, 2024 | businesswire.com

Overseas Shipholding Group to Announce Fourth Quarter and Full Year 2023 Results on March 11, 2024

February 22, 2024 | edition.cnn.com

Overseas Shipholding Group, Inc. Class A

February 16, 2024 | wsj.com

Overseas Shipholding Group Inc. Cl A

February 12, 2024 | finance.yahoo.com

3 Penny Stocks With Unbelievable Growth Potential

January 31, 2024 | finance.yahoo.com

Despite the downward trend in earnings at Overseas Shipholding Group (NYSE:OSG) the stock jumps 10%, bringing five-year gains to 244%

January 31, 2024 | bizjournals.com

Saltchuk makes buyout offer for Tampa shipping company

January 30, 2024 | seatrade-maritime.com

OSG’s largest shareholder Saltchuk Resources bids to take company private

January 30, 2024 | uk.finance.yahoo.com

Overseas Shipholding Group, Inc. (OSG)

January 29, 2024 | marketwatch.com

Overseas Shipholding Gets Expression of Interest in Takeover

January 29, 2024 | markets.businessinsider.com

Overseas Shipholding Receives $6.25/Share Offer From Saltchuk; OSG Up Nearly 6% In Pre-Market

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Ex-Dividend for 4/11 Dividend: 3/27/2024
Dividend Payable: 4/11/2024
Today: 4/29/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Current Symbol: NYSE:OSG
CUSIP: N/A
CIK: 75208
Web: www.osg.com
Phone: (813) 209-0600
Fax: 212-578-1821
Employees: 1,078
Year Founded: 1948

Profitability

EPS (Most Recent Fiscal Year): $0.77
Trailing P/E Ratio: 7.91
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $62.45 million
Net Margins: 13.82%
Pretax Margin: 16.02%
Return on Equity: 17.84%
Return on Assets: 5.68%

Debt

Debt-to-Equity Ratio: 1.01
Current Ratio: 0.68
Quick Ratio: 0.67

Sales & Book Value

Annual Sales: $451.87 million
Price / Sales: 0.94
Cash Flow: $1.82 per share
Price / Cash Flow: 3.34
Book Value: $4.89 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 70,030,000
Free Float: 64,450,000
Market Cap: $426.48 million
Optionable: Optionable
Beta: 0.33

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Key Executives

Mr. Samuel H. Norton (Age 65)
President, CEO & Director
Comp: $1.31M
Mr. Richard L. Trueblood CPA (Age 78)
VP & CFO
Comp: $741.57k
Mr. Patrick J. O'Halloran (Age 54)
VP & COO
Comp: $682.91k
Mr. Damon M. Mote (Age 56)
VP & Chief Administrative Officer
Comp: $483.09k
Ms. Susan Allan (Age 61)
VP, General Counsel & Corporate Secretary
Comp: $449.59k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OSG Stock Analysis - Frequently Asked Questions

How have OSG shares performed in 2024?: Overseas Shipholding Group's stock was trading at $5.27 at the start of the year. Since then, OSG stock has increased by 15.4% and is now trading at $6.08.
View the best growth stocks for 2024 here.
Are investors shorting Overseas Shipholding Group?: Overseas Shipholding Group saw a drop in short interest in March. As of March 31st, there was short interest totaling 508,700 shares, a drop of 31.6% from the March 15th total of 744,000 shares. Based on an average daily volume of 392,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.0% of the shares of the company are short sold.
View Overseas Shipholding Group's Short Interest.
When is Overseas Shipholding Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our OSG earnings forecast.
How were Overseas Shipholding Group's earnings last quarter?: Overseas Shipholding Group, Inc. (NYSE:OSG) posted its quarterly earnings results on Monday, March, 11th. The transportation company reported $0.26 earnings per share (EPS) for the quarter. The transportation company had revenue of $116.02 million for the quarter. Overseas Shipholding Group had a net margin of 13.82% and a trailing twelve-month return on equity of 17.84%. During the same period in the previous year, the company earned $0.75 earnings per share.
How often does Overseas Shipholding Group pay dividends? What is the dividend yield for Overseas Shipholding Group?: Overseas Shipholding Group declared a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.06 per share on Thursday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for OSG.
Is Overseas Shipholding Group a good dividend stock?: Overseas Shipholding Group (NYSE:OSG) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.98%. OSG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OSG.

What ETF holds Overseas Shipholding Group's stock?: VanEck Energy Income ETF holds 20,018 shares of OSG stock, representing 0.28% of its portfolio.
How will Overseas Shipholding Group's stock buyback program work?: Overseas Shipholding Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th 2023, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
What other stocks do shareholders of Overseas Shipholding Group own?: 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).
How do I buy shares of Overseas Shipholding Group?: Shares of OSG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Overseas Shipholding Group have any subsidiaries?: The following companies are subsidiares of Overseas Shipholding Group: Akun Island LLC, Alaska Tanker Company, Alaska Tanker Company LLC, Heidmar Lightering Services, Kiska Island LLC, Maritrans General Partner Inc., Maritrans Inc, Maritrans Operating Company L.P., Mykonos Tanker LLC, OSG 204 LLC, OSG 205 LLC, OSG 209 LLC, OSG 242 LLC, OSG 243 LLC, OSG 244 LLC, OSG Alaska LLC, OSG America L.P., OSG America LLC, OSG America Operating Company LLC, OSG Bulk Ships Inc., OSG Columbia LLC, OSG Courageous II LLC, OSG Courageous LLC, OSG Delaware Bay Lightering LLC, OSG Endurance LLC, OSG Financial Corp., OSG Honour LLC, OSG Independence LLC, OSG Maritrans Parent LLC, OSG Product Tankers AVTC LLC, OSG Product Tankers I LLC, OSG Product Tankers II LLC, OSG Product Tankers LLC, OSG Product Tankers Member LLC, OSG Ship Management Inc., Overseas Anacortes LLC, Overseas Boston LLC, Overseas Gulf Coast LLC, Overseas Houston LLC, Overseas Key West LLC, Overseas Long Beach LLC, Overseas Los Angeles LLC, Overseas Martinez LLC, Overseas New York LLC, Overseas Nikiski LLC, Overseas ST Holding LLC, Overseas Sun Coast LLC, Overseas Tampa LLC, Overseas Texas City LLC, Santorini Tanker LLC, Stelmar Shipping, Tagalak Island LLC, and Unimak Island LLC.
Read More

This page (NYSE:OSG) was last updated on 4/29/2024 by MarketBeat.com Staff

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