How have the shares performed?
Overseas Shipholding Group Inc. (OSG) saw an uptrend of 5.88% in the recent trading with $2.34 being its most recent. The current price level -17.59% lower than the highest price of $2.84 marked by the stock while trading over the past 52-weeks, whereas it is 35.26% higher than the lowest price of $1.73 the company dropped to over past 52-weeks. The latest news story on OSG appeared in ACCESSWIRE under the title “Overseas Shipholding Group, Inc. to Host Earnings Call” on May-07-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.00% below one month high and is +10.90% above of the lowest during that time. Looking into the simple moving average, Overseas Shipholding Group Inc. (OSG)’s stock stands at a SMA-50 of $2.31 while that of 5-day is reading $2.23.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and OSG’s SMA-200 as of now is $2.18.
Overseas Shipholding Group Inc. Earnings – What Happened With OSG
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $97.55 billion.
OSG – Overseas Shipholding Group Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 90.11 million. OSG does have institutional investors; and they hold 48.80% of the stock.
Overseas Shipholding Group Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 14 new insider purchases involving 457,100 shares. On the other hand, OSG declared 132,435 shares have been sold in 18 insider transactions over the past three months.
As on Dec 31, 2020, Cyrus Capital Partners, L.p. was the top most holder in Overseas Shipholding Group Inc. (NYSE:OSG) with an ownership of 8.91 million shares of the company or 10.26% of the stake worth $19.06 million. The filing also reveals Paulson & Company, Inc. as the second largest holder in the company with a control over 7.25% of the outstanding shares. Its stake is worth $13.48 million for having 6.3 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 5.39% of the outstanding shares. With this there are now 100 institutions which have possession in OSG’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Overseas Shipholding Group Inc. was 0.49 while posting a debt to equity ratio of 1.22. The count was 147.10 for long-term debt to equity ratio.
Overseas Shipholding Group Inc.’s return on equity, or ROE, is -2.90%, compared to the industry average of -4.48% for Energy – Oil & Gas Midstream. Although this indicates that OSG uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Overseas Shipholding Group Inc. (NYSE:OSG) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Overseas Shipholding Group Inc. (OSG), we notice that the stock’s 20-day average volume is at 458,870 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 651,912 shares. And to end, OSG’s 100-day average volume is 564,375 shares with 100% of the long-term indicators pointing towards Buy for the stock.