Streetbeat News

OSG

Overseas Shipholding Group, Inc.

overseas shipholding group, inc. is a leading provider of energy transportation services delivering crude oil and petroleum products throughout the united states and the world. founded in 1948, osg has operated through multiple shipping cycles, adjusting our business as needed to compete and succeed. our well-maintained fleet, and commitment to high quality, incident-free service, has positioned us as a preferred energy transportation provider to major oil companies, refiners and traders.

Open

8.49

Mkt cap

612M

Volume

505K

High

8.50

P/E Ratio

10.37

52-wk high

8.50

Low

8.48

Div yield

0.01

52-wk low

3.95

The article identifies Antero Resources, Equinor, Matador Resources, Drilling Tools Intl, and Overseas Shipholding Gr as notable value stocks in the energy sector, based on their low P/E multiples. It provides updates on their earnings per share and dividend yields, indicating potential for growth or risk.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 2:39 pm

Overseas Shipholding Group (OSG) has received an unsolicited acquisition proposal from Saltchuk Resources. The offer is to acquire all outstanding shares of OSG not already owned by Saltchuk for $6.25 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:02 pm

Overseas Shipholding Group (OSG) has announced a major upgrade program for its Alaskan Class fleet, to be completed by 2026. The program, in partnership with MAN Energy Solutions, includes engine replacements for better fuel efficiency, advanced control systems, and compliance with Carbon Intensity Indicator regulations. The upgrades, which also make the vessels 'Ready for Methanol', will be done during scheduled drydocking and represent a nearly $100 million investment. Additionally, OSG has amended charterparties for the Alaskan Navigator and Alaskan Legend, extending options through 2035.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 8:35 pm

The board of Overseas Shipholding Group has authorized a stock repurchase program of up to $25 million of its common stock. This move reflects the company's confidence in its financial stability and the belief that its stock is undervalued. The repurchase program is expected to be accretive to earnings per share by reducing the number of shares outstanding, potentially leading to a positive impact on the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 2:02 pm

Overseas Shipholding Gr (NYSE:OSG) reported Q3 earnings of $0.22 per share, a 46.67% increase YoY. However, sales decreased by 6.20% to $115.44 million compared to $123.06 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 12:32 pm

Overseas Shipholding Group (OSG) has purchased a vessel from BP for a total capital commitment of approximately $50 million. The vessel, Alaskan Frontier, is expected to be reactivated and available for service by the fourth quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:18 pm

The article provides an overview of value stocks in the energy sector, highlighting Petrobras Brasileiro (PBR), SandRidge Energy (SD), Antero Resources (AR), Pembina Pipeline (PBA), and Overseas Shipholding Gr (OSG) as notable examples. The companies' P/E ratios and recent earnings per share are discussed, with some experiencing decreases and others remaining stable or increasing.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:39 pm

Benzinga Insights has identified five value stocks in the energy sector based on quantified analysis. These include Liberty Energy (LBRT), National Fuel Gas (NFG), TotalEnergies (TTE), Overseas Shipholding Gr (OSG), and NACCO Industries (NC). The companies have shown changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 2:39 pm

Overseas Shipholding Group, Inc (NYSE:OSG) has agreed to acquire 3.78 million common shares from entities managed by Cyrus Capital Partners, L.P. at $4.05 per share, amounting to a total of ~$15.34 million. The purchase will be funded using OSG's existing cash reserves. This is separate from the previously disclosed initiative to buy back OSG common stock worth up to $20 million.

Portfolio Pulse from Akanksha Bakshi

August 28, 2023 | 2:23 pm

Overseas Shipholding Group (OSG) has agreed to purchase 3,788,639 shares of its common stock from entities managed by Cyrus Capital Partners. This has led to a rise in OSG's share price.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 1:21 pm

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