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DSX.N

ISIN: MHY2066G1044
SEDOL: B06FL27

Rating:

SELL

Target Price:

14.12 USD

Investment Horizon:

6 to 12 months
7th May 2009 View Report   Download

1Q 09 News Alert

Diana Shipping Inc. (Diana) experienced strong y-o-y declines in both its top-line and profitability during 1Q 09, although it exceeded our expectations for the quarter. Going forward, we are cautious about the company's future revenue growth as a number of its vessels are scheduled to complete their current contracts in the next year and we expect TCE rates to remain under pressure over the same period....

5th May 2009 View Report   Download

Company News Alert

Diana Shipping Inc.’s (Diana) NYSE common stock price has increased significantly since our last update report, reflecting encouraging economic data from the US and the general rebound in broader markets. However, spot freight rates remain low and, therefore, our outlook for the common stock remains weak. Consequently, we downgrade the NYSE common stock rating from a HOLD to a SELL. We will reassess our target price and rating once…

7th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

As outlined above, the declining demand for iron ore and coke will have a negative impact on freight rates in the near term. Furthermore, the company’s recent renewal of time charter contracts at lower rates is an example of an industry wide trend, which we believe will have a significant negative impact on freight rates....

20th Feb 2009 View Report   Download

4Q 08 News Alert

Diana Shipping Inc. (Diana) experienced strong y-o-y growth in both its top-line and profitability during 4Q 08, beating our expectations for the quarter. Going forward, we are cautious about the company’s future revenue growth as a number of its vessels are scheduled to complete their current contracts in the next year and as we expect TCE rates to remain under pressure over the same period. Consequently, we are likely to revise our…

18th Dec 2008 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Diana Shipping Inc.’s (Diana) NYSE common stock achieved our target price on 17 December 2008, which we believe reflects a rise in time charter rates for dry bulk shipping vessels since our last update report. As we expect freight rates to rebound from lows recorded during recent quarters, we maintain our rating for the stock although the target price derived in our 3Q 08 update report no longer supports a BUY…