Diana Shipping inc. (DSX) Shares Up 2.8%
Diana Shipping inc. (NYSE:DSX)’s share price shot 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 brokerages recently issued reports on DSX. Jefferies Group set a $3.00 target price on Diana Shipping inc. and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Seaport Global Securities began coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Diana Shipping inc. presently has an average rating of “Hold” and an average target price of $3.83.
The company’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.62. The firm’s market cap is $205.36 million.
Diana Shipping inc. (NYSE:DSX) last issued its earnings results on Thursday, July 28th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. During the same period in the prior year, the firm posted ($0.19) EPS. The company had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. The company’s quarterly revenue was down 26.7% on a year-over-year basis. On average, equities analysts predict 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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