Diana Shipping inc. (DSX) Trading Down 2.2%
Diana Shipping inc. (NYSE:DSX) shares traded down 2.2% during mid-day trading on Thursday . The company traded as low as $2.21 and last traded at $2.24, with a volume of 715,847 shares trading hands. The stock had previously closed at $2.29.
A number of research analysts have issued reports on the stock. Jefferies Group set a $3.00 price target on shares of Diana Shipping inc. and gave the company a “hold” rating in a research note on Wednesday, July 27th. Morgan Stanley restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Wells Fargo & Co. restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Seaport Global Securities assumed coverage on shares of Diana Shipping inc. in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Finally, Deutsche Bank AG upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and upped their price target for the company from $1.50 to $2.50 in a research note on Friday, August 26th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.00.
The firm has a 50 day moving average price of $2.59 and a 200-day moving average price of $2.62. The firm’s market cap is $186.84 million.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. The company had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. The firm’s revenue was down 26.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) EPS. Equities research analysts forecast that Diana Shipping inc. will post ($1.64) EPS 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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