Worth Watching: Diana Shipping Inc. Increases Again; Strong Momentum for Buyers

Worth Watching: Diana Shipping Inc. Increases Again; Strong Momentum for Buyers

The stock of Diana Shipping Inc. (NYSE:DSX) is a huge mover today! The stock increased 4.58% or $0.12 on October 3, hitting $2.74. About 337,584 shares traded hands. Diana Shipping Inc. (NYSE:DSX) has risen 3.56% since February 29, 2016 and is uptrending. It has underperformed by 8.66% the S&P500.
The move comes after 5 months positive chart setup for the $232.96M company. It was reported on Oct, 4 by Barchart.com. We have $3.86 PT which if reached, will make NYSE:DSX worth $95.51 million more.

Analysts await Diana Shipping Inc. (NYSE:DSX) to report earnings on November, 10. They expect $-0.42 EPS, down 75.00% or $0.18 from last year’s $-0.24 per share. After $-0.41 actual EPS reported by Diana Shipping Inc. for the previous quarter, Wall Street now forecasts 2.44% negative 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. On Monday, August 3 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Wells Fargo downgraded Diana Shipping Inc. (NYSE:DSX) on Friday, November 20 to “Market Perform” rating. The rating was downgraded by Deutsche Bank on Wednesday, November 18 to “Hold”. The rating was downgraded by Jefferies to “Hold” on Friday, October 23. As per Tuesday, August 2, the company rating was reinitiated by Seaport Global. The firm has “Hold” rating by Deutsche Bank given on Friday, August 26. The rating was downgraded by UBS to “Sell” on Friday, September 4. Barclays Capital downgraded the stock to “Underweight” rating in Monday, January 11 report. The firm has “Sell” rating given on Monday, July 27 by Evercore. Jefferies maintained it with “Hold” rating and $3 target price in Wednesday, July 27 report.

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 notable recent Diana Shipping Inc. (NYSE:DSX) news were published by: Finance.Yahoo.com which released: “Diana Shipping Inc. Announces Signing of Addenda to the Shipbuilding Contracts …” on September 30, 2016, also Fool.com with their article: “Better Buy: Seaspan Corporation vs. Diana Shipping Inc.” published on May 25, 2016, Fool.com published: “Why Shares of Diana Shipping Inc. Plunged 11% Today” on November 12, 2015. More interesting news about Diana Shipping Inc. (NYSE:DSX) were released by: Nasdaq.com and their article: “Diana Shipping Inc. Announces Amendment of Loan Agreement to Diana …” published on September 14, 2016 as well as Hellenicshippingnews.com‘s news article titled: “Diana Shipping inc. (DSX) Given Hold Rating at Jefferies Group” with publication date: September 14, 2016.

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