Diana Shipping (NYSE:DSX) released its earnings results on Sunday. The shipping company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01), Fidelity Earnings reports. Diana Shipping had a negative return on equity of 5.63% and a negative net margin of 78.81%.
Shares of DSX traded down $0.25 during mid-day trading on Tuesday, hitting $2.77. 45,868 shares of the company’s stock traded hands, compared to its average volume of 1,161,323. Diana Shipping has a 1 year low of $1.25 and a 1 year high of $3.78. The firm has a market capitalization of $252.60 million, a P/E ratio of -1.54 and a beta of 1.41. The business’s 50-day moving average price is $2.59 and its 200-day moving average price is $1.81.
A number of equities analysts have commented on the company. Clarkson Capital lifted their price target on Diana Shipping from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday. BTIG Research assumed coverage on Diana Shipping in a research note on Monday, February 8th. They issued a “buy” rating and a $5.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Diana Shipping in a research note on Monday. Stifel Nicolaus raised Diana Shipping from a “hold” rating to a “buy” rating and lifted their price target for the stock from $2.25 to $3.50 in a research note on Monday, February 1st. Finally, Zacks Investment Research raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Wednesday, February 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $3.30.
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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