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DryShips\' Rig Business Wins Cheers
By Scott Eden 10/13/09 - 12:27 PM EDT See All 3 CommentsLeave a Comment Stock quotes in this article: DRYS
Updated to clarify that shipping analyst Urs Dur works for Lazard Capital Markets, not the separate, though affiliated, Lazard investment bank.
Poll More on DRYS DryShips\' Drill Rigs: Best in a Class of One?POLL: Will DryShips Win With Drilling?DryShips\' DrillShips a Winner, Poll SaysDryShips Names New CFO ... FinallyPOLL: Which Company Is Most Tied to Its CEO?Early Movers: Pump Up the VolumeCramer\'s \'Mad Money\' Follow-Up: Sept. 30CIT End Near: Stock Search\'Mad Money Lightning Round\': Ditch DryShipsDryShips Shipping Winners & Losers Market Activity DryShips Incorporated| DRYS DOWNNEW YORK (TheStreet) -- DryShips\'(DRYS Quote) push into the deepwater oil-drilling business has evidently begun to excite investors once again.
Lazard Capital Markets upgraded the company\'s stock to buy from hold Tuesday largely based on the financial promise held by the vessels DryShips owns and has on order -- vessels specially equipped to explore for oil in extremely deep waters.
DryShips will likely be considered more as a drillship owner in the coming year, not just a dry-bulk shipper, Lazard Capital\'s marine-transport analyst, Urs Dur, wrote in his research note. He lifted his 12-month price target on DryShips stock to $11.
By Scott Eden 10/13/09 - 12:27 PM EDT See All 3 CommentsLeave a Comment Stock quotes in this article: DRYS
Updated to clarify that shipping analyst Urs Dur works for Lazard Capital Markets, not the separate, though affiliated, Lazard investment bank.
Poll More on DRYS DryShips\' Drill Rigs: Best in a Class of One?POLL: Will DryShips Win With Drilling?DryShips\' DrillShips a Winner, Poll SaysDryShips Names New CFO ... FinallyPOLL: Which Company Is Most Tied to Its CEO?Early Movers: Pump Up the VolumeCramer\'s \'Mad Money\' Follow-Up: Sept. 30CIT End Near: Stock Search\'Mad Money Lightning Round\': Ditch DryShipsDryShips Shipping Winners & Losers Market Activity DryShips Incorporated| DRYS DOWNNEW YORK (TheStreet) -- DryShips\'(DRYS Quote) push into the deepwater oil-drilling business has evidently begun to excite investors once again.
Lazard Capital Markets upgraded the company\'s stock to buy from hold Tuesday largely based on the financial promise held by the vessels DryShips owns and has on order -- vessels specially equipped to explore for oil in extremely deep waters.
DryShips will likely be considered more as a drillship owner in the coming year, not just a dry-bulk shipper, Lazard Capital\'s marine-transport analyst, Urs Dur, wrote in his research note. He lifted his 12-month price target on DryShips stock to $11.
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