Shares of Overseas Shipholding Group Inc. Class A (NYSE:OSG) traded today at $3.24, eclipsing its 52-week high. Approximately 166,000 shares have changed hands today, as compared to an average 30-day volume of 366,000 shares.
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.
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 $3.24 and is now at $3.22, which is 96% above that low price.
Potential upside of 158.4% exists for Overseas Shipholding Group Inc. Class A, based on a current level of $3.22 and analysts’ average consensus price target of $8.32.
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