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OSGIQ.PK

Overseas Shipholding Group Inc.

6/20/2013, 2:05 AM ET

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Tuesday, October 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 [On the Move]
Friday, October 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. Comment! [Consumer, On the Move]
Friday, September 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 [U.S. Economy]
Wednesday, September 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 [On the Move, Consumer]
Thursday, September 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. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, August 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. Comment! [On the Move]
Wednesday, August 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. Comment! [Earnings, On the Move]
Wednesday, August 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) Comment! [Earnings]
Monday, July 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 [Energy, On the Move]
Wednesday, June 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. 2 Comments [Energy]
Friday, 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%. Comment! [Consumer, On the Move]
Wednesday, 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. 1 Comment [Quick Ideas]
Tuesday, 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! [Earnings]
Tuesday, April 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! [On the Move]
Wednesday, March 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! [Commodities, On the Move]
Wednesday, March 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! [On the Move]