Diana Shipping inc. (DSX) Receives Average Rating of “Hold” from Analysts

Shares of Diana Shipping inc. (NYSE:DSX) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.58.

Several brokerages recently commented on DSX. JPMorgan Chase & Co. cut Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Wednesday, January 17th. Stifel Nicolaus set a $5.00 target price on Diana Shipping and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Jefferies Group assumed coverage on Diana Shipping in a research report on Monday, December 18th. They issued a “hold” rating and a $4.50 target price for the company. Zacks Investment Research cut Diana Shipping from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Deutsche Bank reissued a “hold” rating on shares of Diana Shipping in a report on Tuesday, October 31st.

Shares of Diana Shipping (DSX) traded up $0.11 during mid-day trading on Friday, reaching $3.51. The company had a trading volume of 856,788 shares, compared to its average volume of 735,953. The company has a market capitalization of $368.27, a PE ratio of -3.00 and a beta of 1.39. Diana Shipping has a 52-week low of $3.07 and a 52-week high of $6.20.

Diana Shipping (NYSE:DSX) last issued its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The firm had revenue of $43.92 million during the quarter, compared to analysts’ expectations of $40.98 million. Diana Shipping had a negative return on equity of 9.26% and a negative net margin of 69.54%. analysts predict that Diana Shipping will post -0.9 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of DSX. Russell Investments Group Ltd. lifted its holdings in shares of Diana Shipping by 44.6% during the third quarter. Russell Investments Group Ltd. now owns 2,178,411 shares of the shipping company’s stock valued at $7,908,000 after acquiring an additional 671,587 shares during the period. Kopernik Global Investors LLC lifted its holdings in shares of Diana Shipping by 8.0% during the third quarter. Kopernik Global Investors LLC now owns 4,061,913 shares of the shipping company’s stock valued at $14,745,000 after acquiring an additional 300,253 shares during the period. Hosking Partners LLP lifted its holdings in shares of Diana Shipping by 6.9% during the fourth quarter. Hosking Partners LLP now owns 3,811,870 shares of the shipping company’s stock valued at $15,514,000 after acquiring an additional 245,825 shares during the period. Phoenix Investment Adviser LLC lifted its holdings in shares of Diana Shipping by 97.6% during the fourth quarter. Phoenix Investment Adviser LLC now owns 241,935 shares of the shipping company’s stock valued at $985,000 after acquiring an additional 119,499 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in shares of Diana Shipping by 33.1% during the second quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 76,650 shares during the period. 37.59% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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