Diana Shipping (DSX) is Resumed by Seaport Global Securities to Neutral, Price Target at $3

Diana Shipping (DSX) was Resumed by Seaport Global Securities to “Neutral” and the brokerage firm has set the Price Target at $3. Seaport Global Securities advised their investors in a research report released on Aug 2, 2016.

On the company’s financial health, Diana Shipping reported $-0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.40. The company had revenue of $28.30 million for the quarter, compared to analysts expectations of $28.33 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.

Diana Shipping opened for trading at $2.52 and hit $2.63 on the upside on Friday, eventually ending the session at $2.6, with a gain of 3.17% or 0.08 points. The heightened volatility saw the trading volume jump to 4,81,369 shares. Company has a market cap of $215 M.

Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels including two Newcastlemax 12 Capesize three Post-Panamax three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes including commodities such as iron ore coal grain and other materials along shipping routes around the world. The Company wholly owns directly or indirectly the subsidiaries which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc. a provider of shipping transportation services through its ownership of containerships which owns and operates eleven container vessels including four Post-Panamax and seven Panamax. Its vessels include Danae Dione Erato Leto Myrto Boston Los Angeles and Alcmeme among others.

Diana Shipping

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