Gregory Lewis ofCredit Suisse stamped the Nasdaq-listed stock with a “neutral” rating andlowered his price target to $19.00, which represents a 10% premium whencompared to the equity analyst’s net asset value estimate.

“Another negative catalyst that we areexpecting sooner rather than later is another sale by DryShips of its Ocean Rigstake,” he continued, adding: “We see a funding gap for DryShips startingmid-2013, which could result in further Ocean Rig share sales.”

Lewis pointed out that Ocean Rig tradeddown by approximately 7.00%