If you’re on the hunt for stocks to watch today, Overseas Shipholding Group, Inc. (NYSE:OSG) is a stock to give close attention to. The company shares are trading 2.86% or 0.05 points up from last closing price of $1.75, reaching $1.8 at last check. The OSG share price has risen in 2 of the last 5 days and is up 3.55% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -366,286 shares, and in total 146914 shares valued at $264445 were seen changing hands compared with 513200 shares valued at $898100 recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in OSG stock for the next couple of days.
Overseas Shipholding Group, Inc. (OSG) shares have notched a 3-month gain of about 3.55%, but has still advanced 5.42% year to date. By comparison, the stock sank -19.35% over the past 12 months, while it jumped 0.57% over the 1 month. The company’s market cap is around $154.07M, with its short interest ratio standing at 3.22%.
In the current trading session for OSG, the stock witnessed two major price actions, it rose to a high of $1.81 and was down as much as $1.725 at one point. The high recorded is very low when compared to their 52-week high which is $1.46. The 52-week high is now at -32.84 distance from current price. Their recent low of $2.68 represents a 23.29% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for OSG is $13, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Overseas Shipholding Group, Inc. earned $-0.7 per share in the trailing 12 months and has a P/E ratio of -2.57. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 41.81 and lower compared to the sector’s average of 30.48. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. OSG also has P/S multiple of 0.46. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.24x.
OSG‘s last price was down -2.9% as compared to the average trading price of 50 days recorded at $1.85 while enlarging the period to 200 trading days, the average closing price was $1.75. At present, there are 88.04 million in the total number of common shares owned by the public and among those 82.42 million shares have been available to trade. The percentage of shares being held by the company management was 2.2% while institutions stake was 69.8%. The company has generated negative returns on equity over the last 12 months (-2.3%). It managed to keep its gross profit margin at 54.4% over the past 12 months.
When assessing the full upside of the OSG stock, there is another set of technicals that should be looked into and considered. Its 2.48% gain from moving average of $1.76 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.06 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 67.5%. Though the percentage looks encouraging, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -18.5 over the last five years. The company recently recorded an increase of 0.5%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards OSG stock. First Trust Advisors LP added position in the company after it grew 15.9% or 117,378 shares of its common stock. The hedge fund now owns 136,041 shares worth $244,874, SEC documents show. Mackay Shields LLC cut assets in the stock as 545930.7 shares have been sold, reducing its stake by -42.3% to 315,002 shares which are currently valued at $567,004. In addition, Russell Investments Group Ltd. recently reported that it now owns 49,351 shares making a total of $88,832 based on the recent price. This refelects a change of 212.7% in their ownership.