Global Hunter Securities Downgrades DryShips (DRYS) to Neutral, Earnings Worsen
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Price: $5.24 --0%
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities downgraded DryShips (NASDAQ: DRYS) from Buy to Neutral following Q3 results.
The firm comments, "DryShips, Inc. (DRYS) reported Q3 results below both our expectations and consensus as ORIG incurred significant drilling rig expenses. Furthermore, as legacy dry bulk charters expire, we believe earnings in this segment could become more of a drag going forward."
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 $2.08 yesterday.
The firm comments, "DryShips, Inc. (DRYS) reported Q3 results below both our expectations and consensus as ORIG incurred significant drilling rig expenses. Furthermore, as legacy dry bulk charters expire, we believe earnings in this segment could become more of a drag going forward."
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 $2.08 yesterday.
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