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Overseas Shipholding Group, Inc. (OSGB)

- NYSEMKT
  • Oct. 22, 2012, 12:45 PM
    Midday top 10 gainers: STXS +56%. SVU +35%. CASC +18%. PGRX +14%. GURE +13%. CRMB +13%. LLEN +12%. CHC +12%. PRWT +11%. PETS +11%.
    Top 10 Losers: OSG -63%. BSAC -62%. FSCI -29%. MSN -19%. ZN -18%. AVID -15%. HRT -6%. FDML -12%. DHRM -11%. CLWT -11%.
    | 1 Comment
  • Oct. 22, 2012, 9:10 AM
    Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
    Losers: OSG -50%. NXY -7%.
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  • Oct. 22, 2012, 8:44 AM
    Overseas Shipholding Group (OSG) -47% premarket after saying financial statements for the last 3 years "should no longer be relied upon." The company is evaluating strategic options, including a Chapter 11 bankruptcy filing. (8-K)
    | 3 Comments
  • Oct. 19, 2012, 9:12 AM
    Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS, PRGN, EXM, FRO, OSG, NAT, OSK, TNK, TNP.
    | 1 Comment
  • Oct. 17, 2012, 12:45 PM
    Midday top 10 gainers: CYMI +51%. SIFY +27%. MTG +22%. IGLD +21%. BCOM +21%. TSRI +20%. REDF +14%. BMI +14%. URI +14%. DF +13.
    Top 10 Losers: FTNT -20%. APOL -19%. DSTI -14%. CHKP -12%. INVE -11%. OSG -11%. FIRE -10%. STLY -8%. MARK -8%. TXT -7%.
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  • Oct. 17, 2012, 9:44 AM
    Overseas Shipholding (OSG) continues its free-fall, -10.3% off the open after yesterday's 27% nosedive on reports it has maxed out its lending facilities and could soon face a liquidity squeeze ahead of upcoming maturities. Shares have now tumbled 69% YTD.
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  • Oct. 16, 2012, 5:11 PM
    Overseas Shipholding (OSG -27.2%) shares took a huge hit today on concerns it has maxed out its lending facilities and could soon face a liquidity squeeze. Goldman Sachs and UBS reportedly are shopping around ~$100M in the tanker's revolver, looking to create a market for the debt before OSG needs to refinance $1.5B early next year. Shares are down by two-thirds YTD.
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  • Oct. 16, 2012, 12:45 PM
    Midday top 10 gainers: NOOF +54%. DSTI +37%. INVE +31%. BCOM +17%. PAMT +16%. PRXI +16%. TRT +16.%. APPY +13%. ARL +12%. RLGT +11%. Top 10 Losers: AONE -75%. RATE -24%. OSG -22%. KFS -19%. ISIS -18%. VRML -18%. CLWR -15%. OCZ -11%. CMRE -11%. VIMC -10%.
    | 1 Comment
  • Oct. 12, 2012, 8:48 AM
    Shipping stocks continue to suffer as forecasts for shipments of coal and iron ore are revised lower with China and Europe showing demand below expectations. After making an impressive run in Q1, the Guggenheim Shipping ETF (SEA) is now off over 15% for the following two quarters. Despite the malaise, analysts see some light at the end of the tunnel for 2013 as lower capacity helps support pricing in the sector.
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  • Sep. 28, 2012, 5:15 PM
    The Dow Jones Transports were a notable underperformer in Q3, -3.4% vs. +6.6% for the DJIA, and they trailed the broader market again today. Overseas Shipholding (OSG -6.4%) was a notable laggard within the group, and railroads remained weak: CSX -1.7%, KSU -1.5%. If economic data stays sluggish, it's just a question of when, not if, declining transports bleed into the broader market.
    | 11 Comments
  • Sep. 19, 2012, 10:14 AM
    Shipping stocks (GNK +4.6%) soar as news out of China on steel and iron prices has traders making bets on select names. Advancers: DRYS +6.8%, PRGN +10.4%, EXM +12.8%, GNK +6.5%, FRO +3.1%, OSG +3.6%.
    | 4 Comments
  • Sep. 13, 2012, 9:59 AM
    Global Hunter says shipping is "still afloat in troubled waters," believing companies with low leverage, modern fleets and experienced management should outperform the sector over the long term. The firm initiates coverage with at Buy for Scorpio Tankers (STNG +0.2%) and Tsakos Energy (TNP +3%). Starting at Accumulate: SFL. Neutral: NNA, OSG. Reduce: NAT.
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  • Aug. 7, 2012, 11:11 AM
    Overseas Shipholding Group (OSG +19.7%) surges on news that director Thomas Coleman bought 100K shares on Aug. 3 at $5.82/share, worth ~$600K.
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  • Aug. 1, 2012, 1:24 PM
    Overseas Shipholding Group (OSG -8.6%) takes a hit on a Q2 EPS miss today, touching a new 52-week low of $5 early in the session before leveling out. Losses for the quarter were $1.52 per share, larger than the $1.36 per share loss projected by the Street. The company blames the miss on substantial idle time for one of its crude oil vessels, as well as a write down and higher operational expenses.
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  • Aug. 1, 2012, 7:40 AM
    Overseas Shipholding Group (OSG): Q2 EPS of -$1.52 misses by $0.13. Revenue of $210M (+7.3% Y/Y) beats by $2M. (PR)
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  • Jul. 23, 2012, 2:47 PM
    Oil transporters take a beating as low rates, lower fuel consumption and a tanker glut continue to dissuade investors. Tanker rates are averaging less than $5K/day, a far cry from the $25K-$30K that Overseas Shipholding (OSG -5.8%) and Frontline (FRO -3.8%) need to break even, Jefferies says: "These companies are losing money and unable to cover cash costs."
    | 2 Comments
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Company Description
Overseas Shipholding Group Inc through its subsidiaries owns and operates a fleet of oceangoing vessels engaged in the transportation of liquid cargoes in the international market and the U.S. Flag trades.
Sector: Services
Industry: Shipping
Country: United States