Shares of Diamond S Shipping Inc (NYSE:DSSI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $22.00 for the company and are expecting that the company will post $0.97 earnings per share for the current quarter, according to Zacks. Zacks has also given Diamond S Shipping an industry rank of 69 out of 255 based on the ratings given to its competitors.
Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Diamond S Shipping from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Tuesday. Jefferies Financial Group began coverage on Diamond S Shipping in a research note on Thursday, October 10th. They set a “buy” rating and a $19.00 price objective on the stock.
In other Diamond S Shipping news, major shareholder Reserve Gp Xii Ltd First sold 3,950,681 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $13.75, for a total transaction of $54,321,863.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Recovery Fund Iv Dss Aiv Wlr sold 99,130 shares of Diamond S Shipping stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $14.47, for a total transaction of $1,434,411.10. Insiders sold 4,710,681 shares of company stock valued at $64,664,802 over the last quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Diamond S Shipping by 610.8% during the third quarter. Tower Research Capital LLC TRC now owns 6,575 shares of the company’s stock worth $73,000 after acquiring an additional 5,650 shares during the last quarter. Morgan Stanley purchased a new position in Diamond S Shipping in the second quarter valued at about $105,000. Russell Investments Group Ltd. acquired a new stake in Diamond S Shipping during the 3rd quarter valued at approximately $115,000. Royal Bank of Canada grew its stake in Diamond S Shipping by 18.1% during the 2nd quarter. Royal Bank of Canada now owns 14,583 shares of the company’s stock valued at $186,000 after purchasing an additional 2,233 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in Diamond S Shipping during the 2nd quarter valued at approximately $248,000. 65.22% of the stock is owned by institutional investors.
DSSI traded down $0.20 on Thursday, hitting $13.77. 16,110 shares of the company traded hands, compared to its average volume of 415,322. The company has a 50 day moving average of $15.53 and a 200-day moving average of $13.41. The company has a quick ratio of 0.81, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Diamond S Shipping has a 12-month low of $9.60 and a 12-month high of $17.50.
Diamond S Shipping (NYSE:DSSI) last announced its quarterly earnings data on Wednesday, November 13th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The company had revenue of $141.53 million for the quarter, compared to analysts’ expectations of $153.06 million. As a group, research analysts anticipate that Diamond S Shipping will post 0.65 EPS for the current year.
Diamond S Shipping Company Profile
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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