Diana Shipping inc. (DSX) Trading Up 2.8%
Shares of Diana Shipping inc. (NYSE:DSX) were up 2.8% during mid-day trading on Friday . The company traded as high as $2.62 and last traded at $2.55, with a volume of 332,129 shares traded. The stock had previously closed at $2.48.
A number of analysts recently issued reports on DSX shares. Jefferies Group set a $3.00 price target 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. restated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Morgan Stanley restated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Seaport Global Securities assumed coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 price target for the company. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.83.
The stock’s market cap is $205.36 million. The company’s 50-day moving average is $2.65 and its 200 day moving average is $2.62.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to analysts’ expectations of $28.07 million. During the same period last year, the firm earned ($0.19) EPS. The business’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities research analysts forecast that Diana Shipping inc. will post ($1.67) EPS for the current 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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