Diamond S Shipping Inc (NYSE:DSSI) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $17.50 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Diamond S Shipping an industry rank of 88 out of 256 based on the ratings given to its competitors.
Separately, Stifel Nicolaus initiated coverage on shares of Diamond S Shipping in a research report on Tuesday, June 4th. They set a “buy” rating and a $18.00 price objective on the stock.
DSSI stock traded up $0.14 during mid-day trading on Friday, reaching $10.94. 116,700 shares of the stock traded hands, compared to its average volume of 177,851. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. Diamond S Shipping has a one year low of $9.60 and a one year high of $14.26. The company has a 50-day simple moving average of $12.17.
Diamond S Shipping (NYSE:DSSI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.26. The firm had revenue of $149.30 million for the quarter, compared to the consensus estimate of $117.82 million. As a group, equities research analysts expect that Diamond S Shipping will post 0.38 EPS for the current year.
In other Diamond S Shipping news, CEO Craig H. Stevenson, Jr. acquired 39,215 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $12.52 per share, with a total value of $490,971.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael G. Fogarty acquired 18,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $11.04 per share, with a total value of $198,720.00. The disclosure for this purchase can be found here. Insiders have bought 77,446 shares of company stock valued at $926,192 over the last three months.
A number of large investors have recently added to or reduced their stakes in DSSI. Acadian Asset Management LLC increased its stake in shares of Diamond S Shipping by 764.5% in the second quarter. Acadian Asset Management LLC now owns 19,901 shares of the company’s stock worth $254,000 after purchasing an additional 17,599 shares during the period. JPMorgan Chase & Co. boosted its holdings in Diamond S Shipping by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 235,539 shares of the company’s stock valued at $2,768,000 after purchasing an additional 45,340 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Diamond S Shipping by 483.0% during the second quarter. Wells Fargo & Company MN now owns 46,701 shares of the company’s stock valued at $596,000 after purchasing an additional 38,691 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Diamond S Shipping during the second quarter valued at approximately $793,000. Finally, Eagle Boston Investment Management Inc. acquired a new stake in Diamond S Shipping during the second quarter valued at approximately $144,000. 49.96% of the stock is owned by institutional investors.
About Diamond S Shipping
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 March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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