Somewhat Favorable Press Coverage Somewhat Unlikely to Affect DryShips (DRYS) Share Price

Media headlines about DryShips (NASDAQ:DRYS) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DryShips earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 45.3463868070352 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

DryShips (DRYS) opened at 3.17 on Friday. The firm has a 50-day moving average of $2.72 and a 200-day moving average of $159.68. The company’s market capitalization is $6.35 million. DryShips has a one year low of $0.98 and a one year high of $799,681.62.

DryShips (NASDAQ:DRYS) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($37.12) earnings per share (EPS) for the quarter. The company had revenue of $16.38 million during the quarter. DryShips had a negative net margin of 218.76% and a negative return on equity of 49.79%. On average, analysts anticipate that DryShips will post $0.07 earnings per share for the current year.

A number of research firms recently weighed in on DRYS. Vetr raised shares of DryShips from a “strong sell” rating to a “sell” rating and set a $16.24 price objective for the company in a research note on Monday, June 26th. ValuEngine upgraded shares of DryShips from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.

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DryShips Company Profile

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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