Diana Shipping inc. (DSX) Stock Price Down 3.7%
Diana Shipping inc. (NYSE:DSX) fell 3.7% during mid-day trading on Friday . The company traded as low as $2.25 and last traded at $2.31, with a volume of 1,663,097 shares trading hands. The stock had previously closed at $2.40.
A number of research firms recently issued reports on DSX. Jefferies Group set a $3.00 target price on Diana Shipping inc. and gave the company a “hold” rating in a research note on Wednesday, July 27th. Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Seaport Global Securities began coverage on Diana Shipping inc. in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Finally, Deutsche Bank AG raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.83.
The stock’s market cap is $183.62 million. The firm has a 50-day moving average of $2.65 and a 200 day moving average of $2.62.
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. The business earned $28.30 million during the quarter, compared to analysts’ expectations of $28.07 million. During the same period last year, the business earned ($0.19) EPS. Diana Shipping inc.’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, equities research analysts predict that Diana Shipping inc. will post ($1.64) 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.