A number of other analysts have also recently weighed in on DRYS. Analysts at Jefferies & Co. cut their price target on shares of DryShips from $2.50 to $2.00 in a research note to investors on Friday. They now have a ?hold? rating on the stock. Separately, analysts at UBS AG cut their price target on shares of DryShips from $2.50 to $2.00 in a research note to investors on Friday. Finally, analysts at Jefferies Group set a $2.00 price target on shares of DryShips in a research note to investors on Friday. They now have a ?hold? rating on the stock. Three research analysts have rated the stock with a buy rating, one has assigned an overweight rating, eight have assigned a hold rating, and one has given a sell rating to the company. The stock presently has a consensus rating of ?hold? and an average price target of $2.58.
DryShips opened at 2.04 on Tuesday. DryShips has a 1-year low of $1.46 and a 1-year high of $3.75. The stock?s 50-day moving average is currently $2.09. The company?s market cap is $775.6 million.
DryShips last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.15) earnings per share for the quarter, missing the analysts? consensus estimate of ($0.11) by $0.04. The company had revenue of $328.18 million for the quarter, compared to the consensus estimate of $294.30 million. During the same quarter last year, the company posted $0.07 earnings per share. DryShips?s revenue was down 13.8% compared to the same quarter last year. On average, analysts predict that DryShips will post $-0.06 earnings per share for the current fiscal year.
DryShips Inc. (DryShips) is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.