Stifel Nicolaus Sticks to Its Hold Rating for Diana Shipping

Stifel Nicolaus analyst Benjamin Nolan reiterated a Hold rating on Diana Shipping (NYSE: DSX) yesterday and set a price target of $5. The company’s shares opened today at $4.46.

According to TipRanks.com, Nolan ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.9% and a 50.0% success rate. Nolan covers the Services sector, focusing on stocks such as Golar LNG Partners, Hoegh LNG Partners, and Costamare Inc.

Diana Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $5.47.

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The company has a one-year high of $5.16 and a one-year low of $3.07. Currently, Diana Shipping has an average volume of 379.3K.

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Diana Shipping, Inc. operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.