News headlines about Diana Shipping (NYSE:DSX) have been trending somewhat positive on Thursday, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diana Shipping earned a news sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also gave news stories about the shipping company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted AlphaOne’s analysis:
- Diana Shipping Inc. (DSX) Given Consensus Rating of “Hold” by Analysts (hellenicshippingnews.com)
- Why Shares of Diana Shipping Inc. Plunged 12% Today (fool.com)
- Diana Shipping (DSX) Commences $70M Offering of Common Shares; Insiders to Buy $20M (streetinsider.com)
- Diana Shipping : Diana Shipping Inc. Announces Public Offering of Common Shares (4-traders.com)
- Diana Shipping (DSX) Given News Sentiment Rating of 0.18 (americanbankingnews.com)
Diana Shipping (NYSE:DSX) traded down 6.4137% during trading on Thursday, hitting $4.2301. The stock had a trading volume of 2,925,388 shares. Diana Shipping has a 52-week low of $2.11 and a 52-week high of $6.20. The company’s 50 day moving average is $4.64 and its 200 day moving average is $3.64. The firm’s market cap is $341.59 million.
Diana Shipping (NYSE:DSX) last released its quarterly earnings data on Tuesday, February 14th. The shipping company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.01. The firm had revenue of $28 million for the quarter, compared to the consensus estimate of $28.28 million. Diana Shipping had a negative net margin of 131.28% and a negative return on equity of 14.09%. The firm’s revenue was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. Equities research analysts forecast that Diana Shipping will post ($1.23) earnings per share for the current year.
DSX has been the subject of several analyst reports. Jefferies Group LLC increased their target price on Diana Shipping from $3.00 to $3.50 and gave the company a “hold” rating in a report on Monday, January 23rd. JPMorgan Chase & Co. raised Diana Shipping from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a research report on Friday, April 7th. Zacks Investment Research lowered Diana Shipping from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 24th. Finally, Nordea Equity Research raised Diana Shipping from a “hold” rating to a “buy” rating in a research report on Friday, January 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.65.
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About Diana Shipping
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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