Overseas Shipholding Group, Inc. (OSGB) - NYSEMKT
  • 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%.

    | Sep. 19, 2012, 10:14 AM | 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.
    | Sep. 13, 2012, 9:59 AM
  • 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.
    | Aug. 7, 2012, 11:11 AM
  • 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.

    | Aug. 1, 2012, 1:24 PM
  • 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)
    | Aug. 1, 2012, 7:40 AM
  • 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."

    | Jul. 23, 2012, 2:47 PM | 2 Comments
  • Jun. 20, 2012, 2:26 PM
    Last week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of emboldening tanker operators to raise shipping rates for very-large crude carriers, as Bloomberg calculates Q3 rates will average $18K/day vs. a low of nearly half as much in Q2. Stocks poised to benefit after painful declines: FRO, SFL, NAT, OSG, TNK, TNP.
    | Jun. 20, 2012, 2:26 PM | 2 Comments
  • May 25, 2012, 10:33 AM
    A number of shipping stocks run up gains after Frontline's earnings report paints the beat-up sector in a more favorable light. Though shippers still remain highly-susceptible to any signs of global economic malaise, oversupply issues seem to be slowly self-correcting in the industry. Advancers: SFL +6.2%, OSG +4.8%, NEWL +2.4%, NMM +2.7%, DRYS +1.5%.
    | May 25, 2012, 10:33 AM
  • May 2, 2012, 6:35 PM
    15 stocks traders are "shorting like crazy," according to BI: TEA, HGG, BPI, BKS, GME, INVN, MCP, KBH, SVU, ESI, OSG, RSH, CRR, USNA, ONE.
    | May 2, 2012, 6:35 PM | 1 Comment
  • May 1, 2012, 8:42 AM
    Overseas Shipholding Group (OSG): Q1 EPS of -$1.22 misses by $0.01. Revenue of $293M (+10.9% Y/Y) beats by $71M. (PR)
    | May 1, 2012, 8:42 AM
  • Apr. 24, 2012, 2:45 PM

    Shipping stocks perk up as rates and bookings show some weekly improvement off of increased demand from China as it continues to import more oil from Africa as an alternative to Iran. The Baltic Dry Index +2.2% to $1,090, as the sector falls stocks back in favor for the day. Advancers: FRO +5.1%, OSG +5.1%, EXM +3.6%, GNK +1.5%, NM +1.6%, PRGN +1.8%, EGLE +8.1%, SBLK +2.2%, SB +2.8%.

    | Apr. 24, 2012, 2:45 PM
  • Mar. 28, 2012, 3:33 PM

    Overseas Shipholding (OSG +7.8%) gets a boost from an upgrade to Hold at Dahlman Rose, saying the shipper's risk/reward profile is favorable ahead of what the firm sees as a fundamental recovery in tanker rates over the next 12 months.

    | Mar. 28, 2012, 3:33 PM
  • Mar. 28, 2012, 9:29 AM

    Shares of shipper Frontline (FRO) are upgraded to Buy from Hold at Dahlman Rose, which cites an improved market for tanker rates and a successful restructuring: "The company retains significant spot market exposure, and has resolved the balance sheet issues which served as an overhang over the shares." FRO +7.2% premarket.

    | Mar. 28, 2012, 9:29 AM
  • Mar. 16, 2012, 11:20 AM

    Shipping and tanker stocks run red hot off with Frontline (FRO +19.7%) leading the pack. Traders attribute the strong move to a momentum swing after the Baltic Dry Index finally pulled out of its death spiral earlier this year. Gainers: OSG +8.3%, SFL +5.7%, DRYS +5.9%, PRGN +4.2%.

    | Mar. 16, 2012, 11:20 AM
  • Feb. 10, 2012, 9:25 AM

    Overseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by the shipper to preserve liquidity. OSG has posted significant losses, as a slump in tanker rates has hurt its top line; high fuel costs also have pressured profitability. Shares -11.2% premarket.

    | Feb. 10, 2012, 9:25 AM
  • Dec. 20, 2011, 12:25 PM
    Shipping stocks get a lift today as better-than-expected economic data out of Germany and some encouraging housing data out of the U.S. spark hopes for light at the end of the tunnel: Overseas Shipholding (OSG +6.4%), Frontline (FRO +4.9%), Ship Finance (SFL +4.2%), Knightsbridge Tankers (VLCCF +2.4%) and Teekay (TNK +1.5%).
    | Dec. 20, 2011, 12:25 PM
Company Description
Overseas Shipholding Group, Inc. engages in the business of providing energy transportation services for crude oil and petroleum products in the U.S. and international flag markets. It operates through two business units: U.S. Flag unit operates through its subsidiary OSG Bulk Ships, Inc. and... More
Sector: Services
Industry: Shipping
Country: United States