Jefferies Financial Group assumed coverage on shares of Diamond S Shipping (NYSE:DSSI) in a research note published on Thursday, BenzingaRatingsTable reports. The firm issued a buy rating and a $19.00 price target on the stock.

Separately, B. Riley set a $17.00 target price on Diamond S Shipping and gave the stock a buy rating in a research note on Wednesday, August 7th.

DSSI stock traded up $0.67 during midday trading on Thursday, reaching $16.00. The stock had a trading volume of 420,290 shares, compared to its average volume of 205,711. The firm has a fifty day moving average price of $11.78. 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 has a 52-week low of $9.60 and a 52-week high of $16.48.

Diamond S Shipping (NYSE:DSSI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.26. The firm had revenue of $149.30 million during the quarter, compared to analysts’ expectations of $117.82 million. On average, equities analysts forecast that Diamond S Shipping will post 0.31 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of DSSI. Oaktree Capital Management LP acquired a new stake in shares of Diamond S Shipping in the 1st quarter worth $836,000. Strs Ohio acquired a new stake in shares of Diamond S Shipping in the 2nd quarter worth $75,000. Eagle Boston Investment Management Inc. acquired a new stake in shares of Diamond S Shipping in the 2nd quarter worth $144,000. GSA Capital Partners LLP acquired a new stake in shares of Diamond S Shipping in the 2nd quarter worth $793,000. Finally, Wells Fargo & Company MN increased its stake in shares of Diamond S Shipping by 483.0% in the 2nd quarter. Wells Fargo & Company MN now owns 46,701 shares of the company’s stock worth $596,000 after acquiring an additional 38,691 shares during the last quarter. 63.87% of the stock is owned by institutional investors and hedge funds.

Diamond S Shipping Company Profile

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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