Diamond S Shipping (NYSE:DSSI) Stock Price Up 6.3%

Diamond S Shipping Inc (NYSE:DSSI) shares rose 6.3% during trading on Friday . The company traded as high as $15.15 and last traded at $14.66, approximately 246,273 shares were traded during mid-day trading. An increase of 19% from the average daily volume of 206,989 shares. The stock had previously closed at $13.79.

DSSI has been the subject of a number of research analyst reports. B. Riley set a $17.00 target price on Diamond S Shipping and gave the company a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group initiated coverage on Diamond S Shipping in a research note on Thursday, October 10th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Zacks Investment Research upgraded Diamond S Shipping from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Monday, October 21st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.40.

The stock has a 50 day simple moving average of $13.84 and a 200-day simple moving average of $12.45. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 0.99.

Diamond S Shipping (NYSE:DSSI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.26. The company had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $117.82 million. As a group, equities research analysts forecast that Diamond S Shipping Inc will post 1.25 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in DSSI. BlackRock Inc. raised its stake in Diamond S Shipping by 64,517.2% during the second quarter. BlackRock Inc. now owns 1,072,000 shares of the company’s stock valued at $13,689,000 after buying an additional 1,070,341 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in Diamond S Shipping by 39.5% during the third quarter. Donald Smith & CO. Inc. now owns 833,338 shares of the company’s stock valued at $9,183,000 after buying an additional 235,954 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Diamond S Shipping during the second quarter valued at $2,599,000. Point72 Asset Management L.P. purchased a new position in Diamond S Shipping during the second quarter valued at $2,476,000. Finally, Carlson Capital L P raised its stake in Diamond S Shipping by 202.5% during the second quarter. Carlson Capital L P now owns 226,900 shares of the company’s stock valued at $2,898,000 after buying an additional 151,900 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

About Diamond S Shipping (NYSE:DSSI)

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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