Overseas Shipholding (OSG) Says Three-Years of Financial Statements No Longer Reliable, May Seek Bankruptcy
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Credit Suisse Downgrades Overseas Shipholding Group (OSG) to Neutral
October 23, 2012 8:22 AM EDTCredit Suisse downgraded Overseas Shipholding Group (NYSE: OSG) from Outperform to Neutral.
For an analyst ratings summary and ratings history on Overseas Shipholding Group click here. For more ratings news on Overseas Shipholding Group click here.
Shares of Overseas Shipholding Group closed at $1.23 yesterday, with a 52 week range of $1.02-$15.16.... More
Jefferies Slashes Overseas Shipholding (OSG) Price Target to $1
October 23, 2012 7:18 AM EDTJefferies cuts its price target on Hold-rated Overseas Shipholding Group (NYSE: OSG) from $3 to $1 following the release of its "troubling" 8-K filing where the company said financial results could not be relied upon and it may file for bankruptcy protection.
On the bankruptcy... More
Dahlman Rose Downgrades Overseas Shipholding Group (OSG) to Sell, Too Much Uncertainty
October 22, 2012 3:41 PM EDTDahlman Rose downgraded Overseas Shipholding Group (NYSE: OSG) from Hold to Sell on uncertainty regarding the company's financial statements and credit facility going forward.
The firm said with the news today that financials are no longer reliable and the tax issue have not been quantified, "adds a new wrinkle to OSG's financial... More
Notable 52-Week Highs and Lows of the Day 10/22: (PHG) (DISH) (AMCX) High; (OSG) (AMD) (MRVL) Low
October 22, 2012 2:07 PM EDTThis report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:Koninklijke Philips Electronics NV (NYSE: PHG) $26.38. Earlier, Philips reported better third-quarter 2012 EPS of 0.18, versus 0.08 reported last year. Shares up 7.2 percent oto the new high.
DISH Network (Nasdaq: DISH) high of $36.57. DISH reached a settlement with Cablevision Systems Corporation (NYSE: CVC) and AMC... More
Is Overseas Shipholding (OSG) Going Bankrupt?
October 17, 2012 3:55 PM EDTAfter dropping 27 percent Tuesday, shares of Overseas Shipholding Group Inc. (NYSE: OSG) are down another 13 percent Wednesday as liquidity fears continue to dominate trade.
As noted yesterday, negotiations with lenders may have hit a stalemate. The company has a $100 million... More
Overseas Shipholding (OSG) Falls on Liquidity Fears
October 16, 2012 3:55 PM EDTToday's swoon in Overseas Shipholding Group Inc. (NYSE: OSG) is being attributed to liquidity fears as talks with lenders may be hitting a stalemate.
Last month, Overseas Shipholding hired advisor Chilmark Partners while lenders hired Lazard and law firm White & Case.... More
Overseas Shipholding (OSG) Slammed Below Key Suppot Level
October 16, 2012 11:38 AM EDTOverseas Shipholding Group, Inc. (NYSE: OSG) shares are getting slammed today as the stock moves below a key support level.
The stock opened at $5.17 today, but quickly slid below $5 as volume kept ramping on the move. The low on today's session is $3.71.
... More
