Headlines about Diana Shipping (NYSE:DSX) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Diana Shipping earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 46.9147418073001 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Better Buy: Seaspan Corporation vs. Diana Shipping Inc – Motley Fool (fool.com)
- Diana Shipping Inc. (DSX) Expected to Post Quarterly Sales of $46.03 Million (americanbankingnews.com)
- Diana Shipping Inc. Announces Time Charter Contract for m/v Calipso With Glencore – GlobeNewswire (press release) (globenewswire.com)
- Diana Shipping (DSX) Announces Time Charter Contract for m/v Calipso With Glencore (streetinsider.com)
DSX has been the topic of several recent analyst reports. ValuEngine downgraded Diana Shipping from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Jefferies Group initiated coverage on Diana Shipping in a research note on Monday, December 18th. They set a “hold” rating and a $4.50 target price on the stock. Pareto Securities downgraded Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. downgraded Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Wednesday, January 17th. Finally, Morgan Stanley cut their target price on Diana Shipping from $5.50 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Diana Shipping currently has an average rating of “Hold” and a consensus target price of $4.50.
Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Thursday, February 22nd. The shipping company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. Diana Shipping had a negative return on equity of 8.81% and a negative net margin of 316.08%. The company had revenue of $48.90 million for the quarter, compared to the consensus estimate of $44.22 million. During the same quarter in the previous year, the business earned ($0.31) EPS. The company’s quarterly revenue was up 74.6% compared to the same quarter last year. sell-side analysts anticipate that Diana Shipping will post -0.21 earnings per share for the current year.
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Diana Shipping Company Profile
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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