Diana Shipping (NYSE:DSX) released its quarterly earnings results on Sunday. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.
Shares of NYSE DSX traded down $0.25 during trading on Tuesday, hitting $2.77. 45,830 shares of the company were exchanged, compared to its average volume of 1,161,323. The firm has a market capitalization of $252.60 million, a PE ratio of -1.54 and a beta of 1.41. Diana Shipping has a 12-month low of $1.25 and a 12-month high of $3.78. The company has a fifty day moving average price of $2.59 and a 200-day moving average price of $1.81.
DSX has been the topic of a number of research reports. Pareto Securities lowered Diana Shipping from a “hold” rating to a “sell” rating and set a $2.30 price objective on the stock. in a report on Tuesday. Clarkson Capital lifted their price target on Diana Shipping from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research initiated coverage on Diana Shipping in a report on Monday, February 8th. They set a “buy” rating and a $5.00 price target on the stock. Zacks Investment Research upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Wednesday, February 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Diana Shipping in a report on Monday. 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 presently has a consensus rating of “Hold” and an average price target 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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