Price Don’t Lie: Is Diana Shipping Inc.’s Fuel Running Low? The Stock Just Declined Again

Price Don't Lie: Is Diana Shipping Inc.'s Fuel Running Low? The Stock Just Declined Again

The stock of Diana Shipping Inc. (NYSE:DSX) is a huge mover today! About 389,056 shares traded hands. Diana Shipping Inc. (NYSE:DSX) has declined 20.92% since March 7, 2016 and is downtrending. It has underperformed by 28.51% the S&P500.
The move comes after 8 months negative chart setup for the $221.15 million company. It was reported on Oct, 10 by Barchart.com. We have $2.26 PT which if reached, will make NYSE:DSX worth $30.96 million less.

Analysts await Diana Shipping Inc. (NYSE:DSX) to report earnings on November, 10. They expect $-0.42 earnings per share, down 75.00% or $0.18 from last year’s $-0.24 per share. After $-0.41 actual earnings per share 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. Jefferies downgraded the shares of DSX in a report on Friday, October 23 to “Hold” rating. The company was downgraded on Tuesday, February 9 by Clarkson Capital. The company was downgraded on Friday, November 20 by Wells Fargo. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating given on Wednesday, November 18 by Deutsche Bank. The firm has “Underweight” rating given on Monday, January 11 by Barclays Capital. Stifel Nicolaus downgraded the shares of DSX in a report on Monday, August 3 to “Hold” rating. The company was downgraded on Friday, September 4 by UBS. The stock of Diana Shipping Inc. (NYSE:DSX) earned “Neutral” rating by Seaport Global on Tuesday, August 2. On Friday, August 26 the stock rating was upgraded by Deutsche Bank to “Hold”.

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 important recent Diana Shipping Inc. (NYSE:DSX) news were published by: Fool.com which released: “Better Buy: Seaspan Corporation vs. Diana Shipping Inc.” on May 25, 2016, also Finance.Yahoo.com published article titled: “Diana Shipping Inc. Announces Signing of Addenda to the Shipbuilding Contracts …”, Nasdaq.com published: “Diana Shipping Inc. Announces Amendment of Loan Agreement to Diana …” on September 14, 2016. More interesting news about Diana Shipping Inc. (NYSE:DSX) was released by: Prnewswire.com and their article: “Research Reports Coverage on Shipping Stocks — Golar LNG, DryShips, Diana …” with publication date: October 10, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment