Diana Shipping (NYSE:DSX) released its quarterly earnings data on Sunday. The shipping company reported ($0.07) EPS for the quarter, missing the 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%.
NYSE:DSX traded down $0.18 on Tuesday, hitting $2.84. The stock had a trading volume of 69,869 shares, compared to its average volume of 1,161,323. The stock has a market cap of $258.99 million, a price-to-earnings ratio of -1.54 and a beta of 1.41. The business’s 50-day simple moving average is $2.59 and its two-hundred day simple moving average is $1.81. Diana Shipping has a 52-week low of $1.25 and a 52-week high of $3.78.
DSX has been the subject of several research analyst reports. Stifel Nicolaus upgraded Diana Shipping from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $2.25 to $3.50 in a report on Monday, February 1st. Zacks Investment Research upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Wednesday, February 3rd. Jefferies Financial Group reiterated a “hold” rating on shares of Diana Shipping in a report on Monday. BTIG Research initiated coverage on Diana Shipping in a report on Monday, February 8th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Pareto Securities downgraded Diana Shipping from a “hold” rating to a “sell” rating and set a $2.30 price objective for the company. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. 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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