The stock of Diana Shipping Inc. (NYSE:DSX) is a huge mover today! About 351,199 shares traded hands. Diana Shipping Inc. (NYSE:DSX) has declined 12.28% since April 28, 2016 and is downtrending. It has underperformed by 18.21% the S&P500.
The move comes after 6 months positive chart setup for the $242.83 million company. It was reported on Dec, 1 by Barchart.com. We have $3.26 PT which if reached, will make NYSE:DSX worth $19.43 million more.
Analysts await Diana Shipping Inc. (NYSE:DSX) to report earnings on March, 1. They expect $-0.43 earnings per share, down 43.33% or $0.13 from last year’s $-0.3 per share. After $-0.99 actual earnings per share reported by Diana Shipping Inc. for the previous quarter, Wall Street now forecasts -56.57% EPS growth.
Diana Shipping Inc. (NYSE:DSX) Ratings Coverage
Out of 10 analysts covering Diana Shipping (NYSE:DSX), 0 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 0 are positive. Diana Shipping has been the topic of 15 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded it to “Hold” rating and $4 target price in Wednesday, November 18 report. The firm earned “Hold” rating on Monday, August 3 by Stifel Nicolaus. Jefferies maintained it with “Hold” rating and $3 target price in Wednesday, July 27 report. Jefferies downgraded Diana Shipping Inc. (NYSE:DSX) on Friday, October 23 to “Hold” rating. On Thursday, October 15 the stock rating was initiated by JP Morgan with “Neutral”. UBS downgraded it to “Sell” rating and $6.25 target price in Friday, September 4 report. The stock of Diana Shipping Inc. (NYSE:DSX) has “Neutral” rating given on Tuesday, August 2 by Seaport Global. ABN Amro upgraded Diana Shipping Inc. (NYSE:DSX) on Thursday, April 21 to “Sell” rating. Clarkson Capital downgraded the stock to “Neutral” rating in Tuesday, February 9 report. The firm earned “Sell” rating on Monday, July 27 by Evercore.
According to Zacks Investment Research, “Diana Shipping Inc. is a global provider of shipping transportation services. They specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.”
More recent Diana Shipping Inc. (NYSE:DSX) news were published by: Fool.com which released: “Why You Should (and Shouldn’t) Buy Diana Shipping Inc.” on December 01, 2016. Also Fool.com published the news titled: “Better Buy: Seaspan Corporation vs. Diana Shipping Inc.” on May 25, 2016. Hellenicshippingnews.com‘s news article titled: “Diana Shipping Inc. Receives Consensus Rating of â€œHoldâ€ from Analysts” with publication date: November 14, 2016 was also an interesting one.
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