Reviving Stocks in Expert’s Opinion: DryShips Inc. (NASDAQ:DRYS), S&P Global, Inc. (NYSE:SPGI)

Shares of DryShips Inc. (NASDAQ:DRYS) [Trend Analysis] runs in leading trade, it plunging -7.59% to trade at $2.19. The firm has price volatility of 16.78% for a week’s and 12.95% for a month. Its beta stands at 3.15 times.  DryShips Inc. (DRYS ) released that it has exercised its first option under the previously announced option agreement to acquire one Very Large Gas Carrier currently under construction at Hyundai Heavy Industries  for a purchase price of $83.5 million.

Part of the purchase price (abt. 25%) will be paid on closing, expected within January, with the balance payable in installments until the vessel’s delivery from HHI. The VLGC will be employed on a fixed rate time charter with five years firm duration to oil major.

George Economou, Chairman and Chief Executive Officer commented: “We are very pleased to have declared our first option to purchase a high specification VLGC with long term employment to an oil major at above market rates. This acquisition allows us to deploy the Company’s accessible liquidity immediately and will be highly accretive to earnings and cash flow. This marks the first acquisition of the Company since the restructuring of its balance sheet and our first investment in the gas carrier section which we believe has very positive long-term fundamentals.”

Narrow down four to firm performance, its weekly performance was -37.25% and monthly performance was -45.93%. The stock price of DRYS is moving down from its 20 days moving average with -44.48% and isolated negatively from 50 days moving average with -74.60%.

Several matter pinch shares of S&P Global, Inc. (NYSE:SPGI) [Trend Analysis], as shares surging 0.56% to $111.97 with a share volume of 1.3 Million. The SPGI held a rough session during the week’s but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The SPGI ratings chart showed that 4 gave HOLD ratings for the current month as 1 analyst opting for Overweight option for same period. For stocks’ current month, 11 analysts opted for BUY ratings. The stock price target chart showed average price target of 134.50 as compared to current price of 111.97.

Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $1.31 and on annual basis FY 2016 estimate trends at current was for $5.25 as compared to one month ago of $5.25, and for next year per share earnings estimates have $5.81.

The stock is going forward its 52-week’s low with 44.46% and moving down from its 52-week’s high price with -12.54%. To have technical analysis views, liquidity ratio of a company was calculated 1.20 as evaluated with its debt to equity ratio of 8.58. The float short ratio was 0.89%, as compared to sentiment indicator; Short Ratio was 1.55.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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