Provision Amendments, Awards & Recognitions, Ex-Dividends, and Financial Results - Research Report on DryShips, Old Dominion, Golar LNG, Con-way, and Ship Finance
NEW YORK, September 9, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting DryShips, Inc. (NASDAQ: DRYS), Old Dominion Freight Line Inc. (NASDAQ: ODFL), Golar LNG Ltd. (NASDAQ: GLNG), Con-way Inc. (NYSE: CNW), and Ship Finance International Limited (NYSE: SFL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
DryShips, Inc. Research Report
On September 3, 2013, DryShips Inc. (DryShips) announced that its majority owned subsidiary, Ocean Rig UDW Inc. (Ocean Rig), has signed a supplemental agreement to amend certain provisions in its c.$1.4 billion Senior Secured Facility dated February 28, 2013. According to the Company, under the terms of the agreement, the existing dividend restriction of up to 50% of preceding fiscal year net income will be amended to apply on a cumulative basis, effective from July 1, 2013 onwards, and also include a carve-out to pay additional dividends up to the higher of (i) $150 million and (ii) 5% of the Ocean Rig's net tangible assets. George Economou, Chairman and CEO of Ocean Rig, said, "We are pleased that our syndicate of commercial banks and export credit agencies agreed to our request to amend certain provisions in their facility. These amendments will harmonize our restricted payment provisions and certain financial covenants with those of our other secured term loan facilities and notes." The Full Research Report on DryShips, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/104a_DRYS]
Old Dominion Freight Line Inc. Research Report
On August 29, 2013, Old Dominion Freight Line Inc. (Old Dominion) announced that it has been named in the Fortune magazine's coveted list of "100 Fastest-Growing Companies" for 2013. According to the Company, the Fortune magazine in its report has highlighted Old Dominion's strong financial performance in recent years, including a 21% revenue growth, 68% profit growth and 39% total return. "Even in challenging economic times, Old Dominion has experienced strong growth by staying true to our traditional, yet extremely effective core business principles," said David Congdon, Old Dominion's President and CEO. "While we're thrilled to make the list, we realize we must continue to focus on delivering our promises to our customers." The Full Research Report on Old Dominion Freight Line Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e93c_ODFL]
Golar LNG Ltd. Research Report
On August 29, 2013, Golar LNG Ltd. (Golar LNG) announced that the management will be trading ex-dividend of a total dividend of $0.45 per share on September 11, 2013. The dividend will be payable on or about September 26, 2013 to shareholders of record as on September 13, 2013. The Full Research Report on Golar LNG Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/37b1_GLNG]
Con-way Inc. Research Report
On August 28, 2013, Con-way Inc.'s subsidiary, Con-way freight (Con-way), reported that Ina Daly, a driver sales representative from the Company's Phoenix service center, was named as the 2013 Bendix National Truck Driving Championships (NTDC) Tank Truck Champion. According to the Company, Ina is the first and only female professional driver to win the first place in the "Super Bowl of Safety" division.
Con-way stated that Daly has been a professional truck driver for 32 years and is the only one of five competitors, across all divisions, who earned a perfect score on the written exam portion of the championship competition. The Full Research Report on Con-way Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1784_CNW]
Ship Finance International Limited Research Report
On August 28, 2013, Ship Finance International Limited (Ship Finance) reported its preliminary Q2 2013 financial results. The Company posted total charter revenues of $154 million, compared to $153 million in Q2 2012. The Company's EBITDA remained flat at $122 million, while its net income totaled to $25 million, compared to $32 million in Q2 2012. EPS was $0.29 for the quarter, compared to $0.38 on Q2 2012. In another update, Ship Finance's Board of Directors declared a quarterly cash dividend of $0.39 per share, payable on September 27, 2013 to shareholders of record as of September 12, 2013. Ole B. Hjertaker, CEO of Ship Finance Management AS, said, "With new investments totaling nearly $1 billion in the quarter, our focus is to continue building the Company's long-term distribution capacity. The equity raised in June was immediately invested in the new accretive drilling rig project and we are well positioned for further growth within our core segments." The Full Research Report on Ship Finance International Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/40f9_SFL]
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