Overseas Shipholding Group owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the U.S. Flag trade. Co.'s active vessel fleet, of which includes U.S. Flag vessels, consists of crude oil tankers doing business in Alaska, conventional Articulated Tug Barges (ATBs), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. Co. also owns and operates a Marshall Islands flagged MR tanker which trades internationally. Under the Jones Act, shipping between U.S. ports is reserved for U.S. Flag vessels that satisfy Jones Act requirements. We show 30 historical shares outstanding datapoints in our OSG shares outstanding history coverage, used to compute OSG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OSG market cap history over the course of time is important for investors
interested in comparing OSG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OSG versus a peer is one thing; comparing
OSG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OSG can fluctuate over the course of history.
With this page we aim to empower investors researching OSG by allowing them to research the OSG market cap history. |
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Video: The Importance of Market Cap
