Seeking Alpha

Overseas Shipholding Group, Inc. (OSGB)

  • 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)
    | Comment!
  • 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%.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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%.
    | Comment!
  • 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.
    | Comment!
  • 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%).
    | Comment!
  • Dec. 7, 2011, 3:26 PM
    Shares of Overseas Shipholding (OSG -3.3%) sink after Moody's cuts the shipper two notches deeper into junk and left the door open for additional cuts. The ratings service notes weak fundamentals in the global tanker sector are hurting its liquidity.
    | Comment!
  • Nov. 29, 2011, 3:11 PM
    Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending it further into junk territory. The ratings agency is worried about Ship Finance's exposure to Frontline (FRO -7.2%), which recently crashed on liquidity fears. Also moving lower: TNK -5.3%. OSG -4.8%. PRGN -3.9%. DRYS -6.6%.
  • Oct. 11, 2011, 5:15 PM
    Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most ships since the 1980s as they contend with a glut that's driven charter rates to the lowest in at least 14 years. And it may not be enough to end the slump: Forward freight agreements anticipate rates no higher than $13,819/day through 2013, far below breakeven.
    | Comment!
  • Oct. 6, 2011, 10:07 AM
    Overseas Shipping (OSG) drops 5.3% after Dahlman Rose cuts the tanker fleet operator to Sell. Dahlman sees an OPEC production cut on the way, an event that would hurt demand for OSG's services. The firm also expects overall tanker demand to remain weak through 2012.
    | Comment!
  • Sep. 13, 2011, 2:49 PM
    Transportation stocks are steady gainers on the day with all 20 stocks listed in the Dow Jones Industrial Transportation Average moving higher. Not getting left out of the party are shipping stocks (SEA +2.2%), led by OSG +9.2%, PRGN +4.2%, FRO +3.6% and DRYS +2.8%.
    | Comment!
  • Aug. 30, 2011, 1:06 PM
    Shipping stocks recover as the sector looks a little downtrodden to investors after a harsh 71% cut on the price target for Frontline (FRO +15.2%) by FBR Capital rocked  firms yesterday. Gainers in the sector include: OSG +4.8%, DRYS +3%, PRGN +4.8%.
    | 1 Comment
  • Aug. 29, 2011, 10:18 AM
    FBR Capital slashes its PT on shares of Frontline (FRO -5%) to $8, as the firm's fleet of 70 tankers makes it tricky to steer through an industry slump. Potentially better-positioned rivals are posting healthy gains including DryShips (DRYS +6.2%), Overseas Shipholding (OSG +6.2%) and Seaspan (SSW +3.3%).
    | Comment!
  • Aug. 10, 2011, 7:52 AM
    FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is vulnerable to macroeconomic risks which could "depress demand and slow the tightening of the tanker market." Converesly, firm upgrades NAT to Outperform, lauding its "healthy dividend yield, firm fiscal footing, and disciplined management." FRO -2.5% premarket.
  • Aug. 3, 2011, 11:40 AM
    Shipping stocks take a beating as overcapacity, slow demand and price cuts on large commodity transports kick in to pressure profits. Analysts at Deutsche and Jefferies add to the negative mix with sector downgrades. Select shipping stocks faltering: OSG -6.1% DRYS -4.2% NM -5.8% PRGN -3.6% DSX -1.9%.
OSGB vs. ETF Alternatives
Company Description
Overseas Shipholding Group Inc is engaged in the ocean transportation of crude oil and petroleum products. It operates in three business segments: International Crude Tankers, International Product Carriers, and U.S. Flag Fleet Operations.
Sector: Services
Industry: Shipping
Country: United States