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DryShips Stock Rating Reaffirmed by Deutsche Bank (DRYS)
Posted on September 15, 2015 by Stefani Robinson in Analyst Articles - US, Investing
DryShips logoDryShips (NASDAQ:DRYS)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report released on Friday, AnalystRatings.Net reports. They presently have a $0.37 target price on the stock, down from their previous target price of $0.50. Deutsche Bank’s target price points to a potential upside of 62.35% from the stock’s previous close.
Separately, Zacks upgraded DryShips from a “sell” rating to a “hold” rating in a research note on Monday, September 7th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. DryShips has an average rating of “Hold” and a consensus target price of $1.14.
DryShips (NASDAQ:DRYS) traded down 3.028% on Friday, reaching $0.221. The company’s stock had a trading volume of 2,355,238 shares. The company’s market cap is $148.53 million. The company has a 50-day moving average price of $0.42 and a 200 day moving average price of $0.66. DryShips has a 12 month low of $0.21 and a 12 month high of $3.10.
DryShips (NASDAQ:DRYS) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $403.20 million for the quarter, compared to analyst estimates of $511.89 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was down 23.6% compared to the same quarter last year. On average, equities research analysts anticipate that DryShips will post $0.23 EPS for the current fiscal year.
DryShips Inc. is a holding company. The Company is a provider of ocean transportation services for drybulk and petroleum cargoes through its ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation by its majority-owned subsidiary, Ocean Rig UDW, of deepwater drilling units. It owns a fleet of approximately 39 drybulk carriers, comprising 13 Capesize, 24 Panamax and two Supramax vessels, 10 tankers, comprising four Suezmax and six Aframax vessels and 10 drilling units, comprising two ultra-deepwater semisubmersible offshore drilling rigs, its sixth generation ultra-deepwater drillships and four seventh generation ultra-deepwater drillships. Its drybulk carriers, drilling units and oil tankers operate around the world. The Company’s segments include Drybulk, Tanker and Drilling.
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