DryShips (DRYS) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about DryShips (NASDAQ:DRYS) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. DryShips earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.7782059560368 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of NASDAQ:DRYS opened at $3.66 on Friday. DryShips has a one year low of $0.98 and a one year high of $573.30. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.19.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings results on Tuesday, February 27th. The shipping company reported ($0.02) EPS for the quarter. The company had revenue of $42.59 million during the quarter. DryShips had a negative return on equity of 7.98% and a negative net margin of 29.86%.

DryShips declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the shipping company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Separately, BidaskClub upgraded shares of DryShips from a “strong sell” rating to a “sell” rating in a research note on Thursday.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://dakotafinancialnews.com/2018/04/13/dryships-drys-earning-somewhat-favorable-news-coverage-analysis-shows.html.

DryShips Company Profile

DryShips Inc owns and operates ocean going cargo vessels worldwide. It operates through two segments, Drybulk and Offshore Support. The Drybulk segment offers drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Offshore Support segment provides its services to the global offshore energy industry.

Insider Buying and Selling by Quarter for DryShips (NASDAQ:DRYS)

Receive News & Ratings for DryShips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DryShips and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply