A Reversal for Diana Shipping Inc. (DSX) Is Not Near. The Stock Rises Again

April 22, 2018 - By Adrian Erickson

Diana Shipping Inc. (NYSE:DSX) Logo

The stock of Diana Shipping Inc. (NYSE:DSX) is a huge mover today! The stock increased 3.89% or $0.14 during the last trading session, reaching $3.74. About 548,917 shares traded or 6.67% up from the average. Diana Shipping Inc. (NYSE:DSX) has declined 21.78% since April 22, 2017 and is downtrending. It has underperformed by 33.33% the S&P500.
The move comes after 7 months positive chart setup for the $403.66 million company. It was reported on Apr, 22 by Barchart.com. We have $4.04 PT which if reached, will make NYSE:DSX worth $32.29M more.

Analysts await Diana Shipping Inc. (NYSE:DSX) to report earnings on May, 22. They expect $-0.12 EPS, up 64.71 % or $0.22 from last year’s $-0.34 per share. After $-0.15 actual EPS reported by Diana Shipping Inc. for the previous quarter, Wall Street now forecasts -20.00 % EPS growth.

Diana Shipping Inc. (NYSE:DSX) Ratings Coverage

Among 6 analysts covering Diana Shipping (NYSE:DSX), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Diana Shipping had 7 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has “Hold” rating by J.P. Morgan given on Wednesday, January 17. The stock of Diana Shipping Inc. (NYSE:DSX) earned “Equal-Weight” rating by Morgan Stanley on Monday, February 12. On Wednesday, January 10 the stock rating was downgraded by Pareto to “Hold”. Jefferies initiated it with “Hold” rating and $4.5 target in Monday, December 18 report. The stock of Diana Shipping Inc. (NYSE:DSX) earned “Neutral” rating by JP Morgan on Wednesday, January 17. Morgan Stanley maintained Diana Shipping Inc. (NYSE:DSX) on Tuesday, April 17 with “Equal-Weight” rating.

Diana Shipping Inc. provides shipping transportation services. The company has market cap of $403.66 million. The firm transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. It currently has negative earnings. It operates a fleet of 48 dry bulk vessels comprising 23 Panamax, 4 Kamsarmax, 3 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

Diana Shipping Inc. (NYSE:DSX) Ratings Chart

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