According to Zacks, “Diamond S Shipping Inc. provides seaborne transportation of crude oil, refined petroleum and other products in the international shipping markets. The company’s vessel operations are composed of two segments: Crude Tankers, which includes Suezmax vessels and an Aframax vessel, and Product Tankers, which includes medium range vessels. Diamond S Shipping Inc. is based in CT, United States. “
Separately, B. Riley lowered their price target on Diamond S Shipping from $25.00 to $21.00 in a report on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Diamond S Shipping currently has an average rating of “Hold” and an average target price of $17.84.
Shares of NYSE DSSI opened at $8.06 on Tuesday. Diamond S Shipping has a 12-month low of $7.29 and a 12-month high of $17.50. The company has a market cap of $325.95 million, a P/E ratio of 3.57 and a beta of 0.24. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $8.31 and a 200 day moving average price of $9.66.
Diamond S Shipping (NYSE:DSSI) last announced 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). Diamond S Shipping had a net margin of 12.62% and a return on equity of 9.21%. On average, sell-side analysts forecast that Diamond S Shipping will post 2.87 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Diamond S Shipping by 8.5% during the second quarter. Bank of America Corp DE now owns 18,149 shares of the company’s stock valued at $144,000 after acquiring an additional 1,419 shares in the last quarter. American International Group Inc. lifted its position in shares of Diamond S Shipping by 14.7% during the first quarter. American International Group Inc. now owns 15,987 shares of the company’s stock worth $189,000 after purchasing an additional 2,050 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Diamond S Shipping by 2.2% during the first quarter. Deutsche Bank AG now owns 113,346 shares of the company’s stock worth $1,339,000 after purchasing an additional 2,481 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Diamond S Shipping by 49.5% during the first quarter. BNP Paribas Arbitrage SA now owns 8,204 shares of the company’s stock worth $97,000 after purchasing an additional 2,715 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Diamond S Shipping by 4.3% during 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 during the last quarter. Institutional investors own 65.97% 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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