Overseas Shipholding Group (NYSE:OSG) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a research report sent to investors on Sunday morning. The firm issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

Shares of NYSE:OSG opened at $8.49 on Friday. The business has a 50 day moving average price of $8.48 and a 200 day moving average price of $7.29. Overseas Shipholding Group has a twelve month low of $3.95 and a twelve month high of $8.50. The company has a market cap of $611.54 million, a price-to-earnings ratio of 10.35 and a beta of 0.31. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Overseas Shipholding Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Overseas Shipholding Group by 255.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,915 shares of the transportation company’s stock valued at $36,000 after buying an additional 4,969 shares during the last quarter. Innealta Capital LLC acquired a new position in Overseas Shipholding Group during the second quarter worth approximately $42,000. AJOVista LLC acquired a new stake in shares of Overseas Shipholding Group in the fourth quarter valued at approximately $60,000. Principal Financial Group Inc. bought a new position in shares of Overseas Shipholding Group during the 1st quarter worth approximately $114,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Overseas Shipholding Group during the 2nd quarter worth approximately $174,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

About Overseas Shipholding Group

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.