(OSP) OSG America L.P. – demonstrating an ability to deliver solid earnings in a tough market

February 10th, 2009

OSG America L.P.’s (OSP) share price has more than doubled since bottoming out just above $3 in early December. In the meantime, the current-year estimate continues to advance.

Company Description

OSG America L.P. operates carriers and barges for transporting refined petroleum products primarily in the United States. The company operates as a subsidiary of Overseas Shipholding Group, Inc. and has a market cap of $236 million.

Distributions Declared

On Jan 23 OSG announced that it will distribute .375 cents per share for the period between Oct 1, 2008 and Dec 31, 2008. The distribution will be paid on Feb 12 to shareholders on record as of Feb, 2009.

Analyst Estimates

The analyst community has been bullish on this Zacks #1 rank stock for the last few months, with the current-year estimate climbing 14 cents to 83 cents per share.

Consistent Earnings

OSG has surprised and beat expectations in both of the last two quarters, demonstrating an ability to deliver solid earnings in a tough market.

The Chart

As previously mentioned, shares of OSP have been on a nice rally for the last few months, climbing from just above $3 in December to a recent high above $8, where some short-term resistance has developed. Take a look at the chart below.

Content Courtesy: Zacks Investment Research

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More on this topic (What's this?)
Overseas Shipholding Group 2008 revenues increase 49% (The Shipping Stocks Blog, 3/4/09)
Another Look at FRO & OSG, Some Thoughts on NAT (A Slacker's Quest For His First ..., 11/17/08)
Overseas Shipping Group posts mixed results (The Shipping Stocks Blog, 5/6/09)
ENS, OSG, URI, FTNT Among Charts to Watch (Wall Street Sector Selector, 11/10/11)
Read more on Overseas Shipholding Group, Osg America LP at Wikinvest

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