Somewhat Positive News Coverage Somewhat Unlikely to Affect DryShips (DRYS) Share Price
Press coverage about DryShips (NASDAQ:DRYS) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DryShips earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 45.401659202715 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Dryships Inc. Announces Successful Delivery of Its Second Very Large Gas Carrier – Marketwired (press release) (marketwired.com)
- DryShips (DRYS) Reports Delivery of Its Second Very Large Gas Carrier (streetinsider.com)
- 5-DAY DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against DryShips Inc. and Encourages Investors with Losses Exceeding $1,000,000 to Contact the Firm (finance.yahoo.com)
- BRIEF-Dryships Inc announces successful delivery of second very large gas carrier (reuters.com)
A number of analysts have recently issued reports on DRYS shares. Vetr raised shares of DryShips from a “strong sell” rating to a “strong-buy” rating and set a $211.05 price target on the stock in a report on Monday, May 15th. ValuEngine raised shares of DryShips from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.
Shares of DryShips (DRYS) opened at 2.54 on Friday. The stock’s market cap is $721360.00. DryShips has a one year low of $0.98 and a one year high of $799,681.62. The stock’s 50 day moving average is $2.33 and its 200-day moving average is $472.79.
DryShips (NASDAQ:DRYS) last posted its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($37.12) earnings per share (EPS) for the quarter. DryShips had a negative net margin of 218.76% and a negative return on equity of 49.79%. The company had revenue of $16.38 million for the quarter. On average, equities analysts forecast that DryShips will post $0.07 EPS for the current year.
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DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.
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