Provision Amendments, Awards & Recognitions, Ex-Dividends, and Financial Results - Research Report on DryShips, Old Dominion, Golar LNG, Con-way, and Ship Finance

News provided by

Sep 09, 2013, 08:00 ET

NEW YORK, September 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

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]

----

EDITOR NOTES:

This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

AnalystsCorner.com

SOURCE Analysts' Corner