Diana Shipping (NYSE:DSX) Receiving Somewhat Favorable Media Coverage, Analysis Finds

News stories about Diana Shipping (NYSE:DSX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty 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 media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.9147418073001 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

NYSE:DSX traded up $0.10 during trading hours on Thursday, reaching $3.50. 276,318 shares of the company were exchanged, compared to its average volume of 576,510. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 1.73. The stock has a market capitalization of $369.34, a PE ratio of -4.43 and a beta of 1.17. Diana Shipping has a twelve month low of $3.07 and a twelve month high of $6.20.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings data on Thursday, February 22nd. The shipping company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. The company had revenue of $48.90 million during the quarter, compared to analysts’ expectations of $44.22 million. Diana Shipping had a negative net margin of 316.08% and a negative return on equity of 8.81%. The firm’s revenue for the quarter was up 74.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.31) earnings per share. research analysts forecast that Diana Shipping will post -0.19 earnings per share for the current year.

DSX has been the topic of a number of recent analyst reports. Jefferies Group initiated coverage on shares of Diana Shipping in a report on Monday, December 18th. They set a “hold” rating and a $4.50 price target on the stock. Pareto Securities downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a report on Wednesday, January 10th. JPMorgan Chase downgraded shares of Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Wednesday, January 17th. Morgan Stanley lowered their price target on shares of Diana Shipping from $5.50 to $4.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of Diana Shipping from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Diana Shipping has an average rating of “Hold” and an average target price of $4.50.

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About Diana Shipping

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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