Intrinsic value of DryShips - DRYS

Previous Close

$3.41

  Intrinsic Value

$0.12

stock screener

  Rating & Target

str. sell

-96%

Previous close

$3.41

 
Intrinsic value

$0.12

 
Up/down potential

-96%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of DRYS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of DryShips (DRYS) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -94.64
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  52
  83
  129
  192
  279
  394
  541
  726
  954
  1,227
  1,550
  1,924
  2,353
  2,836
  3,374
  3,967
  4,615
  5,316
  6,070
  6,874
  7,729
  8,632
  9,583
  10,581
  11,626
  12,717
  13,855
  15,040
  16,274
  17,556
  18,888
Variable operating expenses, $m
 
  149
  230
  344
  499
  704
  967
  1,298
  1,705
  2,194
  2,771
  3,441
  4,207
  5,071
  6,033
  7,094
  8,252
  9,505
  10,853
  12,291
  13,819
  15,434
  17,134
  18,919
  20,787
  22,739
  24,773
  26,892
  29,097
  31,389
  33,772
Fixed operating expenses, $m
 
  114
  117
  120
  123
  126
  129
  132
  135
  139
  142
  146
  149
  153
  157
  161
  165
  169
  173
  177
  182
  186
  191
  196
  201
  206
  211
  216
  222
  227
  233
Total operating expenses, $m
  201
  263
  347
  464
  622
  830
  1,096
  1,430
  1,840
  2,333
  2,913
  3,587
  4,356
  5,224
  6,190
  7,255
  8,417
  9,674
  11,026
  12,468
  14,001
  15,620
  17,325
  19,115
  20,988
  22,945
  24,984
  27,108
  29,319
  31,616
  34,005
Operating income, $m
  -149
  -179
  -218
  -271
  -342
  -436
  -555
  -704
  -887
  -1,105
  -1,363
  -1,662
  -2,003
  -2,388
  -2,816
  -3,287
  -3,801
  -4,358
  -4,956
  -5,594
  -6,272
  -6,988
  -7,742
  -8,534
  -9,362
  -10,227
  -11,129
  -12,068
  -13,045
  -14,061
  -15,117
EBITDA, $m
  -146
  -174
  -210
  -259
  -325
  -411
  -522
  -659
  -828
  -1,030
  -1,268
  -1,544
  -1,859
  -2,213
  -2,608
  -3,043
  -3,518
  -4,031
  -4,583
  -5,171
  -5,797
  -6,457
  -7,153
  -7,883
  -8,647
  -9,445
  -10,276
  -11,143
  -12,044
  -12,981
  -13,954
Interest expense (income), $m
  6
  0
  2
  7
  14
  23
  34
  50
  69
  93
  121
  155
  194
  238
  289
  345
  406
  474
  547
  625
  709
  798
  892
  991
  1,095
  1,204
  1,317
  1,436
  1,559
  1,687
  1,821
Earnings before tax, $m
  -157
  -179
  -220
  -278
  -356
  -458
  -590
  -754
  -956
  -1,198
  -1,485
  -1,817
  -2,197
  -2,626
  -3,104
  -3,632
  -4,208
  -4,832
  -5,503
  -6,220
  -6,981
  -7,786
  -8,634
  -9,525
  -10,457
  -11,431
  -12,446
  -13,504
  -14,604
  -15,748
  -16,937
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -199
  -179
  -220
  -278
  -356
  -458
  -590
  -754
  -956
  -1,198
  -1,485
  -1,817
  -2,197
  -2,626
  -3,104
  -3,632
  -4,208
  -4,832
  -5,503
  -6,220
  -6,981
  -7,786
  -8,634
  -9,525
  -10,457
  -11,431
  -12,446
  -13,504
  -14,604
  -15,748
  -16,937

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  76
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  194
  189
  291
  436
  632
  892
  1,227
  1,647
  2,162
  2,782
  3,514
  4,364
  5,335
  6,431
  7,651
  8,997
  10,465
  12,055
  13,763
  15,588
  17,525
  19,573
  21,730
  23,994
  26,363
  28,837
  31,418
  34,105
  36,901
  39,809
  42,830
Adjusted assets (=assets-cash), $m
  118
  189
  291
  436
  632
  892
  1,227
  1,647
  2,162
  2,782
  3,514
  4,364
  5,335
  6,431
  7,651
  8,997
  10,465
  12,055
  13,763
  15,588
  17,525
  19,573
  21,730
  23,994
  26,363
  28,837
  31,418
  34,105
  36,901
  39,809
  42,830
Revenue / Adjusted assets
  0.441
  0.439
  0.443
  0.440
  0.441
  0.442
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
  0.441
Average production assets, $m
  96
  154
  237
  355
  515
  726
  999
  1,341
  1,760
  2,265
  2,861
  3,553
  4,343
  5,235
  6,229
  7,324
  8,520
  9,814
  11,205
  12,690
  14,267
  15,934
  17,690
  19,533
  21,462
  23,476
  25,577
  27,765
  30,041
  32,408
  34,868
Working capital, $m
  71
  19
  30
  44
  64
  91
  125
  168
  220
  283
  358
  445
  544
  655
  779
  916
  1,066
  1,228
  1,402
  1,588
  1,785
  1,994
  2,214
  2,444
  2,686
  2,938
  3,201
  3,474
  3,759
  4,055
  4,363
Total debt, $m
  17
  43
  135
  265
  442
  676
  977
  1,355
  1,819
  2,377
  3,036
  3,800
  4,675
  5,661
  6,759
  7,970
  9,292
  10,722
  12,260
  13,902
  15,646
  17,489
  19,430
  21,467
  23,599
  25,827
  28,149
  30,568
  33,084
  35,701
  38,420
Total liabilities, $m
  144
  170
  262
  392
  569
  803
  1,104
  1,482
  1,946
  2,504
  3,163
  3,927
  4,802
  5,788
  6,886
  8,097
  9,419
  10,849
  12,387
  14,029
  15,773
  17,616
  19,557
  21,594
  23,726
  25,954
  28,276
  30,695
  33,211
  35,828
  38,547
Total equity, $m
  50
  19
  29
  44
  63
  89
  123
  165
  216
  278
  351
  436
  534
  643
  765
  900
  1,047
  1,205
  1,376
  1,559
  1,753
  1,957
  2,173
  2,399
  2,636
  2,884
  3,142
  3,411
  3,690
  3,981
  4,283
Total liabilities and equity, $m
  194
  189
  291
  436
  632
  892
  1,227
  1,647
  2,162
  2,782
  3,514
  4,363
  5,336
  6,431
  7,651
  8,997
  10,466
  12,054
  13,763
  15,588
  17,526
  19,573
  21,730
  23,993
  26,362
  28,838
  31,418
  34,106
  36,901
  39,809
  42,830
Debt-to-equity ratio
  0.340
  2.270
  4.640
  6.090
  6.990
  7.580
  7.960
  8.230
  8.410
  8.540
  8.640
  8.710
  8.760
  8.800
  8.830
  8.860
  8.880
  8.890
  8.910
  8.920
  8.930
  8.940
  8.940
  8.950
  8.950
  8.960
  8.960
  8.960
  8.970
  8.970
  8.970
Adjusted equity ratio
  -0.220
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -199
  -179
  -220
  -278
  -356
  -458
  -590
  -754
  -956
  -1,198
  -1,485
  -1,817
  -2,197
  -2,626
  -3,104
  -3,632
  -4,208
  -4,832
  -5,503
  -6,220
  -6,981
  -7,786
  -8,634
  -9,525
  -10,457
  -11,431
  -12,446
  -13,504
  -14,604
  -15,748
  -16,937
Depreciation, amort., depletion, $m
  3
  5
  8
  12
  17
  24
  33
  45
  59
  75
  95
  118
  145
  175
  208
  244
  284
  327
  373
  423
  476
  531
  590
  651
  715
  783
  853
  925
  1,001
  1,080
  1,162
Funds from operations, $m
  -8
  -174
  -212
  -266
  -339
  -434
  -556
  -709
  -897
  -1,123
  -1,389
  -1,699
  -2,052
  -2,452
  -2,897
  -3,388
  -3,924
  -4,505
  -5,129
  -5,797
  -6,506
  -7,255
  -8,045
  -8,874
  -9,741
  -10,648
  -11,594
  -12,578
  -13,603
  -14,668
  -15,775
Change in working capital, $m
  17
  7
  10
  15
  20
  26
  34
  43
  53
  63
  75
  87
  99
  112
  124
  137
  150
  162
  174
  186
  197
  209
  220
  231
  241
  252
  263
  274
  285
  296
  308
Cash from operations, $m
  -25
  -181
  -223
  -281
  -359
  -460
  -590
  -752
  -950
  -1,186
  -1,464
  -1,785
  -2,151
  -2,563
  -3,021
  -3,525
  -4,074
  -4,667
  -5,303
  -5,982
  -6,703
  -7,464
  -8,264
  -9,104
  -9,983
  -10,900
  -11,856
  -12,852
  -13,888
  -14,964
  -16,083
Maintenance CAPEX, $m
  0
  -3
  -5
  -8
  -12
  -17
  -24
  -33
  -45
  -59
  -75
  -95
  -118
  -145
  -175
  -208
  -244
  -284
  -327
  -373
  -423
  -476
  -531
  -590
  -651
  -715
  -783
  -853
  -925
  -1,001
  -1,080
New CAPEX, $m
  0
  -58
  -84
  -118
  -160
  -212
  -272
  -342
  -420
  -505
  -596
  -692
  -791
  -892
  -994
  -1,095
  -1,196
  -1,294
  -1,391
  -1,485
  -1,577
  -1,667
  -1,756
  -1,843
  -1,929
  -2,015
  -2,101
  -2,188
  -2,276
  -2,367
  -2,460
Cash from investing activities, $m
  70
  -61
  -89
  -126
  -172
  -229
  -296
  -375
  -465
  -564
  -671
  -787
  -909
  -1,037
  -1,169
  -1,303
  -1,440
  -1,578
  -1,718
  -1,858
  -2,000
  -2,143
  -2,287
  -2,433
  -2,580
  -2,730
  -2,884
  -3,041
  -3,201
  -3,368
  -3,540
Free cash flow, $m
  45
  -242
  -311
  -406
  -531
  -689
  -887
  -1,127
  -1,414
  -1,749
  -2,135
  -2,572
  -3,061
  -3,600
  -4,189
  -4,828
  -5,513
  -6,245
  -7,021
  -7,841
  -8,703
  -9,607
  -10,551
  -11,537
  -12,563
  -13,630
  -14,740
  -15,892
  -17,089
  -18,332
  -19,623
Issuance/(repayment) of debt, $m
  -92
  43
  93
  130
  177
  234
  301
  378
  464
  558
  659
  765
  874
  986
  1,099
  1,211
  1,322
  1,431
  1,538
  1,642
  1,744
  1,843
  1,941
  2,037
  2,132
  2,227
  2,322
  2,419
  2,516
  2,617
  2,720
Issuance/(repurchase) of shares, $m
  124
  207
  230
  292
  376
  484
  623
  796
  1,007
  1,260
  1,558
  1,902
  2,294
  2,736
  3,226
  3,766
  4,355
  4,991
  5,674
  6,402
  7,175
  7,991
  8,850
  9,751
  10,694
  11,678
  12,704
  13,772
  14,884
  16,039
  17,240
Cash from financing (excl. dividends), $m  
  32
  250
  323
  422
  553
  718
  924
  1,174
  1,471
  1,818
  2,217
  2,667
  3,168
  3,722
  4,325
  4,977
  5,677
  6,422
  7,212
  8,044
  8,919
  9,834
  10,791
  11,788
  12,826
  13,905
  15,026
  16,191
  17,400
  18,656
  19,960
Total cash flow (excl. dividends), $m
  76
  8
  11
  16
  22
  29
  37
  47
  57
  69
  81
  94
  108
  122
  136
  150
  163
  177
  190
  203
  215
  228
  240
  252
  263
  275
  287
  299
  311
  323
  336
Retained Cash Flow (-), $m
  71
  -207
  -230
  -292
  -376
  -484
  -623
  -796
  -1,007
  -1,260
  -1,558
  -1,902
  -2,294
  -2,736
  -3,226
  -3,766
  -4,355
  -4,991
  -5,674
  -6,402
  -7,175
  -7,991
  -8,850
  -9,751
  -10,694
  -11,678
  -12,704
  -13,772
  -14,884
  -16,039
  -17,240
Prev. year cash balance distribution, $m
 
  59
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -140
  -219
  -276
  -354
  -455
  -586
  -749
  -950
  -1,191
  -1,476
  -1,807
  -2,186
  -2,614
  -3,091
  -3,617
  -4,192
  -4,814
  -5,484
  -6,199
  -6,959
  -7,763
  -8,610
  -9,499
  -10,430
  -11,403
  -12,417
  -13,474
  -14,573
  -15,716
  -16,904
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  -135
  -200
  -240
  -291
  -353
  -425
  -506
  -594
  -684
  -774
  -858
  -933
  -994
  -1,038
  -1,062
  -1,065
  -1,047
  -1,010
  -955
  -884
  -803
  -714
  -623
  -531
  -444
  -362
  -289
  -225
  -172
  -127
Current shareholders' claim on cash, %
  100
  50.0
  18.4
  7.7
  3.5
  1.7
  0.8
  0.4
  0.2
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

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. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years.

FINANCIAL RATIOS  of  DryShips (DRYS)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -94.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -100%
Cap. Spend. - 3 Yr. Gr. Rate -100%
Financial Strength
Quick Ratio 4
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 34%
Interest Coverage -25
Management Effectiveness
Return On Assets -57.6%
Ret/ On Assets - 3 Yr. Avg. -35.6%
Return On Total Capital -98%
Ret/ On T. Cap. - 3 Yr. Avg. -54.3%
Return On Equity -232.7%
Return On Equity - 3 Yr. Avg. -139.1%
Asset Turnover 0.2
Profitability Ratios
Gross Margin -5.8%
Gross Margin - 3 Yr. Avg. 35.1%
EBITDA Margin -284.6%
EBITDA Margin - 3 Yr. Avg. -106.2%
Operating Margin -286.5%
Oper. Margin - 3 Yr. Avg. -117.5%
Pre-Tax Margin -301.9%
Pre-Tax Margin - 3 Yr. Avg. -135.5%
Net Profit Margin -382.7%
Net Profit Margin - 3 Yr. Avg. -226.1%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 18%
Payout Ratio 0%

DRYS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DRYS stock intrinsic value calculation we used $52 million for the last fiscal year's total revenue generated by DryShips. The default revenue input number comes from 2016 income statement of DryShips. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our DRYS stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for DRYS is calculated based on our internal credit rating of DryShips, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of DryShips.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of DRYS stock the variable cost ratio is equal to 178.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $111 million in the base year in the intrinsic value calculation for DRYS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.1% for DryShips.

Corporate tax rate of 27% is the nominal tax rate for DryShips. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the DRYS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for DRYS are equal to 184.6%.

Life of production assets of 33.2 years is the average useful life of capital assets used in DryShips operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for DRYS is equal to 23.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $50 million for DryShips - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 104.569 million for DryShips is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of DryShips at the current share price and the inputted number of shares is $0.4 billion.

RELATED COMPANIES Price Int.Val. Rating
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TNP Tsakos Energy 3.43 4.11  hold
GASS StealthGas 4.42 3.58  hold

COMPANY NEWS

▶ Benzinga Pro's 6 Stocks To Watch Today   [Feb-09-18 10:19AM  Benzinga]
▶ Why Shares of DryShips Inc. Plunged 17% in December   [Jan-10-18 11:46AM  Motley Fool]
▶ Our Most-Read Stories Of The Year   [Dec-30-17 10:12AM  Benzinga]
▶ DryShips Inc. Announces the Launch of Its New Website   [Nov-27-17 08:45AM  Marketwired]
▶ DryShips Inc. (DRYS) Shares Tumble on Back of 3Q:17 Results   [Nov-21-17 05:24PM  SmarterAnalyst]
▶ DryShips reports 3Q loss   [04:17PM  Associated Press]
▶ 2 Best Performing Stocks in October   [Nov-03-17 03:34PM  Motley Fool]
▶ [$$] Martin Shkrelis Legacy Upends a Creative Financier   [12:09AM  The Wall Street Journal]
▶ [$$] Martin Shkreli's Legacy Upends a Creative Financier   [Oct-24-17 06:02AM  The Wall Street Journal]
▶ Why DryShips, PetMed Express, and VF Corp. Jumped Today   [Oct-23-17 04:30PM  Motley Fool]
▶ Trade of the Week: DryShips   [09:00AM  TheStreet.com]
▶ Here's Why DryShips Inc.'s Stock Is Soaring Today   [Oct-06-17 03:42PM  Motley Fool]
▶ DryShips Inc. Announces Results Of Rights Offering   [Oct-04-17 08:45AM  Marketwired]
▶ DryShips reports 2Q loss   [Aug-31-17 08:03PM  Associated Press]
▶ [$$] SEC Issues Subpoena to DryShips   [Aug-30-17 09:16PM  The Wall Street Journal]
▶ [$$] SEC Issues Subpoena to DryShips   [05:28PM  The Wall Street Journal]
▶ DryShips Inc. Announces Rights Offering   [04:10PM  Marketwired]
Financial statements of DRYS
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