Diana Shipping inc. (DSX) Shares Up 5.9%
Shares of Diana Shipping inc. (NYSE:DSX) shot up 5.9% during trading on Friday . The company traded as high as $2.54 and last traded at $2.53, with a volume of 526,815 shares traded. The stock had previously closed at $2.39.
A number of brokerages recently commented on DSX. Seaport Global Securities began coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 price objective for the company. Jefferies Group set a $3.00 price objective on Diana Shipping inc. and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Wells Fargo & Co. reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Diana Shipping inc. has an average rating of “Hold” and a consensus price target of $3.83.
The firm’s market cap is $206.97 million. The firm’s 50-day moving average is $2.62 and its 200-day moving average is $2.62.
Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to analyst estimates of $28.07 million. During the same period in the prior year, the company posted ($0.19) EPS. The firm’s revenue was down 26.7% compared to the same quarter last year. On average, equities analysts forecast that Diana Shipping inc. will post ($1.67) earnings per share for the current fiscal year.
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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