Barclays Capital Reaffirms Equal Weight Rating on DryShips (DRYS)

By admin | 6 years ago

DryShips (NASDAQ: DRYS)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays Capital (NYSE: BCS) in a report released on Tuesday.

Shares of DryShips opened at 2.29 on Tuesday. DryShips has a 52 week low of $1.75 and a 52 week high of $4.73. The company’s market cap is $970.4 million.

DryShips last announced its earnings results on Tuesday, May 29th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.06. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that DryShips will post $0.12 earnings per share next quarter.

A number of other analysts have also recently weighed in on DRYS. Analysts at Global Hunter Securities initiated coverage on shares of DryShips in a research note to investors on Tuesday, May 22nd. They set a “buy” rating and a $6.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DryShips in a research note to investors on Wednesday, March 28th. They now have a $3.50 price target on the stock.

DryShips Inc. is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes worldwide through the ownership and operation of the drybulk carrier vessels and deepwater drilling rig services through the ownership of ultra-deep water drilling rigs.

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