Diana Shipping (NYSE:DSX) issued its quarterly earnings results on Sunday. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01), Fidelity Earnings reports. Diana Shipping had a negative net margin of 78.81% and a negative return on equity of 5.63%.
NYSE:DSX traded down $0.18 during mid-day trading on Tuesday, reaching $2.84. The stock had a trading volume of 69,823 shares, compared to its average volume of 1,161,323. The firm has a 50 day moving average price of $2.59 and a two-hundred day moving average price of $1.81. The stock has a market capitalization of $258.99 million, a P/E ratio of -1.54 and a beta of 1.41. Diana Shipping has a one year low of $1.25 and a one year high of $3.78.
A number of analysts have recently issued reports on the company. Pareto Securities downgraded Diana Shipping from a “hold” rating to a “sell” rating and set a $2.30 price target for the company. in a research report on Tuesday. Clarkson Capital lifted their price target on Diana Shipping from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday. BTIG Research assumed coverage on Diana Shipping in a research report on Monday, February 8th. They set a “buy” rating and a $5.00 price target for the company. Stifel Nicolaus upgraded Diana Shipping from a “hold” rating to a “buy” rating and boosted their target price for the stock from $2.25 to $3.50 in a research report on Monday, February 1st. Finally, Jefferies Financial Group restated a “hold” rating on shares of Diana Shipping in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Diana Shipping currently has a consensus rating of “Hold” and an average target price of $3.30.
Diana Shipping Company Profile
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 31, 2020, it operated a fleet of 41 dry bulk vessels comprising 4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 14 Panamax vessels.
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