An Evaluation Of Overseas Shipholding Group, Inc. (NYSE: OSG) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Overseas Shipholding Group Confirms Receipt of Unsolicited Indication of Interest.

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Stocks Info

OSG belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. The current market capitalization of Overseas Shipholding Group, Inc. is $466.06M. A total of 0.57 million shares were traded on the day, compared to an average of 1.18 shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OSG has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 50,000 shares. Over the last 12 months, there were 30 BUYs and 45 SELLs from insiders. Insiders purchased 1,076,759 shares during that period but sold 4,909,148.

In the most recent transaction, Norton Samuel H sold 50,000 shares of OSG for 5.47 per share on Jan 16. After the transaction, the President and CEO now owns 2,318,296 company shares. In a previous transaction on Dec 15, Norton Samuel H sold 50,000 shares at 4.78 per share. OSG shares that President and CEO owns now total 2,368,296.

Among the insiders who bought shares, Luria Elaine Goodman acquired of 20,000 shares on Dec 14 at a per-share price of $4.78. This resulted in the Director holding 40,000 shares of OSG after the transaction. In another insider transaction, Luria Elaine Goodman bought 20,000 shares at $4.77 per share on Dec 13. Company shares held by the Director now total 20,000.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. OSG’s most recent ex-dividend date was 12/20/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 1/4/2024. Previously, the company paid the dividend on 3/25/2016 with an ex-dividend date of 3/16/2016. The OSG stock dividend was $0.08 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, OSG has a high of $6.49 and a low of $3.32.

As of this writing, OSG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. OSG’s latest balance sheet shows that the firm has $83.25M in Cash & Short Term Investments as of fiscal 2021. There were $640.90M in debt and $176.14M in liabilities at the time. Its Book Value Per Share was $4.74, while its Total Shareholder’s Equity was $338.61M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OSG is Buy with a score of 0.00.

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