NEW YORK (TheStreet) -- Shares of Diana Shipping  (DSX) - Get Report are down 1.68% to $6.44 in early morning trading Tuesday after Barclays lowered its price target to $8 from $10, while maintaining its "equal weight" rating. 

Diana Shipping reported a quarterly loss of 10 cents, slightly above Barclays' 7 cent estimate, and reflective of the challenging dry bulk ship market, the firm noted. 

"Management reaffirmed its well-documented pessimistic view on the market as oversupply riddles the industry and a lack of capacity discipline among ship owners delays a sustainable recovery," Barclays analysts noted. 

In addition, the firm agrees with the view that the outlook for a balanced market in the Panamax ship class could be several years away. 

Given the dynamics, Barclays noted, Diana maintains a relatively strong liquidity position and continues to prudently manage its capital deployment in an effort to maximize shareholder value either by new ship purchases at depressed prices or repurchasing common shares.  

"As for 2015, we suspect earnings headwinds will persist as 20 of Diana's 26 Panamax ships will be re-chartered in a difficult rate environment. 

Separately, TheStreet Ratings team rates DIANA SHIPPING INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate DIANA SHIPPING INC (DSX) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Net operating cash flow has decreased to $12.50 million or 23.75% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, DIANA SHIPPING INC has marginally lower results.
• DSX's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 51.15%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Marine industry and the overall market, DIANA SHIPPING INC's return on equity significantly trails that of both the industry average and the S&P 500.
• 44.09% is the gross profit margin for DIANA SHIPPING INC which we consider to be strong. Regardless of DSX's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, DSX's net profit margin of -13.51% significantly underperformed when compared to the industry average.
• DIANA SHIPPING INC has improved earnings per share by 16.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, DIANA SHIPPING INC continued to lose money by earning -$0.19 versus -$0.26 in the prior year. For the next year, the market is expecting a contraction of 100.0% in earnings (-$0.38 versus -$0.19).
• You can view the full analysis from the report here: DSX Ratings Report