Jefferies Lowers Numbers on DryShips (DRYS)

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Jefferies lowered estimates and its price target on Hold-rated DryShips (NASDAQ: DRYS) from $2.50 to $2 following Q4 results that were below the firm's estimates and the consensus due to higher than expected operating expenses in the Company's drilling subsidiary.

FY13 EPS goes down from ($0.24) to ($0.29) and FY14 goes from $0.57 to $0.45.

For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.

Shares of DryShips closed at $1.91 yesterday, with a 52 week range of $1.46-$3.75.

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