Shares of Diamond S Shipping Inc (NYSE:DSSI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $17.50 for the company and are anticipating that the company will post ($0.51) EPS for the current quarter, according to Zacks. Zacks has also assigned Diamond S Shipping an industry rank of 153 out of 256 based on the ratings given to its competitors.
Several analysts recently weighed in on DSSI shares. B. Riley set a $14.00 price objective on shares of Senior Housing Properties Trust and gave the stock a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus raised shares of Ted Baker from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Finally, Clarkson Capital started coverage on shares of Global Ship Lease in a research note on Tuesday, April 9th. They issued a “buy” rating and a $9.00 price objective on the stock.
Diamond S Shipping (NYSE:DSSI) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $102.66 million for the quarter, compared to the consensus estimate of $144.85 million. As a group, sell-side analysts predict that Diamond S Shipping will post 0.34 earnings per share for the current fiscal year.
In related news, CEO Craig H. Stevenson, Jr. acquired 20,231 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $11.69 per share, for a total transaction of $236,500.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig H. Stevenson, Jr. acquired 39,215 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of $12.52 per share, for a total transaction of $490,971.80. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 77,446 shares of company stock worth $926,192.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Arrow Investment Advisors LLC acquired a new position in shares of Diamond S Shipping during the first quarter valued at about $235,000. Oaktree Capital Management LP acquired a new position in shares of Diamond S Shipping during the first quarter valued at about $836,000. Goodman Financial Corp acquired a new position in shares of Diamond S Shipping during the first quarter valued at about $992,000. Donald Smith & CO. Inc. acquired a new position in shares of Diamond S Shipping during the first quarter valued at about $5,123,000. Finally, CarVal Investors LLC bought a new stake in shares of Diamond S Shipping during the first quarter worth about $27,041,000. Hedge funds and other institutional investors own 56.46% of the company’s stock.
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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