Diamond S Shipping Inc. (NYSE:DSSI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Diamond S Shipping Inc. (NYSE:DSSI) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.30.

Several brokerages recently weighed in on DSSI. Zacks Investment Research raised shares of Diamond S Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, September 15th. B. Riley cut their target price on shares of Diamond S Shipping from $25.00 to $21.00 in a research note on Wednesday, July 15th.

A number of institutional investors and hedge funds have recently bought and sold shares of DSSI. Bridgeway Capital Management Inc. bought a new position in Diamond S Shipping during the 2nd quarter worth $1,750,000. Nuveen Asset Management LLC bought a new position in shares of Diamond S Shipping in the second quarter worth $1,017,000. Charles Schwab Investment Management Inc. grew its stake in shares of Diamond S Shipping by 4.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 68,392 shares of the company’s stock worth $547,000 after purchasing an additional 2,842 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Diamond S Shipping in the second quarter worth $740,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Diamond S Shipping in the second quarter worth $599,000. Institutional investors own 65.97% of the company’s stock.

Shares of NYSE:DSSI traded down $0.05 during midday trading on Friday, hitting $6.80. 126,427 shares of the stock were exchanged, compared to its average volume of 496,074. The stock has a market cap of $274.99 million, a P/E ratio of 3.01 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. Diamond S Shipping has a twelve month low of $6.53 and a twelve month high of $17.50. The company has a 50 day moving average price of $7.49 and a 200-day moving average price of $9.17.

Diamond S Shipping (NYSE:DSSI) last released its quarterly earnings results on Thursday, August 13th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.10). The firm had revenue of $183.55 million for the quarter, compared to analyst estimates of $219.07 million. Diamond S Shipping had a return on equity of 9.21% and a net margin of 12.62%. On average, equities research analysts expect that Diamond S Shipping will post 2.87 earnings per share for the current year.

Diamond S Shipping Company Profile

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of December 27, 2019, it owned and operated a fleet of 66 vessels, including 15 Suezmax vessels, 1 Aframax, and 50 medium-range product tankers.

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