Several brokerages have updated their recommendations and price targets on shares of Ocean Rig UDW (NASDAQ: ORIG) in the last few weeks:

  • 1/27/2016 – Ocean Rig UDW was downgraded by analysts at Nordea Equity Research to a “sell” rating.
  • 1/24/2016 – Ocean Rig UDW had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $1.50 price target on the stock. According to Zacks, “Ocean Rig UDW Inc. is engaged in providing offshore drilling services to oil and gas exploration, development and production drilling industry. The Company specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig UDW Inc., formerly known as Primelead Shareholders Inc., is based in Sandnes, Norway. “
  • 1/17/2016 – Ocean Rig UDW was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1.50 price target on the stock. According to Zacks, “Ocean Rig UDW Inc. is engaged in providing offshore drilling services to oil and gas exploration, development and production drilling industry. The Company specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig UDW Inc., formerly known as Primelead Shareholders Inc., is based in Sandnes, Norway. “
  • 1/13/2016 – Ocean Rig UDW was downgraded by analysts at Seaport Global Securities from an “accumulate” rating to a “neutral” rating. They now have a $1.30 price target on the stock, down previously from $1.70.
  • 12/27/2015 – Ocean Rig UDW had its “buy” rating reaffirmed by analysts at Evercore ISI.
  • 12/21/2015 – Ocean Rig UDW had its “buy” rating reaffirmed by analysts at Evercore ISI.
  • 12/11/2015 – Ocean Rig UDW was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $1.75 price target on the stock. According to Zacks, “Ocean Rig UDW Inc. is engaged in providing offshore drilling services to oil and gas exploration, development and production drilling industry. The Company specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig UDW Inc., formerly known as Primelead Shareholders Inc., is based in Sandnes, Norway. “
  • 12/10/2015 – Ocean Rig UDW had its price target lowered by analysts at Barclays from $3.00 to $2.00. They now have an “underweight” rating on the stock.
  • 12/9/2015 – Ocean Rig UDW had its price target lowered by analysts at Deutsche Bank from $13.00 to $9.00. They now have a “buy” rating on the stock.
  • 12/8/2015 – Ocean Rig UDW was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating.
  • 12/3/2015 – Ocean Rig UDW had its “market perform” rating reaffirmed by analysts at Raymond James.

Ocean Rig UDW Inc (NASDAQ:ORIG) opened at 1.165 on Thursday. Ocean Rig UDW Inc has a 12 month low of $0.99 and a 12 month high of $9.52. The company has a 50 day moving average price of $1.45 and a 200 day moving average price of $2.45. The firm has a market capitalization of $161.55 million and a price-to-earnings ratio of 0.469.

Ocean Rig UDW (NASDAQ:ORIG) last released its quarterly earnings data on Monday, December 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.12. The business earned $437.20 million during the quarter, compared to analyst estimates of $433.52 million. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. Analysts anticipate that Ocean Rig UDW Inc will post $2.25 earnings per share for the current fiscal year.

Ocean Rig UDW Inc. is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Company’s Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.

12 Month Chart for NASDAQ:ORIG

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