Small-Cap Stock DryShips Inc. (DRYS) trading Positive in the Pre-Market Session
Shares of DryShips Inc. (NASDAQ: DRYS), a holding company engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide, are marginally lower in pre-market trading today.
At last check, DryShips shares were down 0.81% to $3.68 in pre-market trading. In the previous trading session on Friday, DryShips shares had risen 4.36%. The stock is up 23.67% in the last five trading sessions. It has gained 57.2% in the last one month.
DryShips on Monday announced that it will release its fourth-quarter financial results on February 23, 2012.
Recently DryShips’ drilling unit Ocean Rig UDW Inc. won a contract for one of its rigs to drill 15 wells on the Norwegian Continental Shelf. The contract is expected to boost the company’s top-line by approximately $653 million.
Wells Fargo Securities analyst Michael Webber said that the contract is a positive for DryShips, considering the longer tenure, and the likelihood that Leiv Eiriksson remains employed in the area for a substantial period of time.
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Posted by Andrea Anderson
on Tuesday, February 21st, 2012. Filed under Internet, Technology.
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