Watch for Continued Gains in Shares of Overseas Shipholding Group Inc. Class A (OSG)

September 12, 2022 10:18:40

Shares of Overseas Shipholding Group Inc. Class A (NYSE:OSG) traded at a new 52-week high today of $3.39. Approximately 189,000 shares have changed hands today, as compared to an average 30-day volume of 387,000 shares.

In the past 52 weeks, shares of Overseas Shipholding Group Inc. Class A have traded between a low of $1.64 and a high of $3.39 and is now at $3.39, which is 107% above that low price.

Overseas Shipholding Group Inc is a tanker company which owns and operates a fleet of oceangoing vessels. It provides energy transportation services, delivering crude oil and petroleum products. The company owns and operates a combined fleet of approximately 25 vessels registered in the United States. The company operates in the segment of the U.S. Flag Fleet. Most of the company’s revenue is generated in the form of time charters.

Overseas Shipholding Group Inc. Class A has overhead space with shares priced $3.39, or 62.5% below the average consensus analyst price target of $9.05.

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