Can analysts adopt a bullish outlook for Ocean Rig UDW Inc. (NASDAQ:ORIG)?

May 19, 2018 - By reb123z

Ocean Rig UDW Inc. (NASDAQ:ORIG) Logo

Ocean Rig UDW Inc. (NASDAQ:ORIG) Ratings Coverage

Among 2 analysts covering Ocean Rig UDW (NASDAQ:ORIG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ocean Rig UDW had 2 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) earned “Buy” rating by Credit Suisse on Friday, December 15. Below is a list of Ocean Rig UDW Inc. (NASDAQ:ORIG) latest ratings and price target changes.

20/03/2018 Broker: Deutsche Bank Rating: Hold New Target: $30 Initiates Coverage On
15/12/2017 Broker: Credit Suisse Rating: Buy New Target: $32.0 Initiate

The stock decreased 0.52% or $0.14 during the last trading session, reaching $26.78. About 184,792 shares traded or 5.55% up from the average. Ocean Rig UDW Inc. (NASDAQ:ORIG) has declined 99.63% since May 19, 2017 and is downtrending. It has underperformed by 111.18% the S&P500.

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore gas and oil exploration, development, and production drilling worldwide. The company has market cap of $2.45 billion. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. It currently has negative earnings. The firm owns and operates two fifth generation harsh weather ultra-deepwater semisubmersible offshore drilling units under the Leiv Eiriksson and Eirik Raude names; five sixth generation ultra-deepwater drilling units under the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon, the Ocean Rig Mykonos, and the Ocean Rig Paros names; and four seventh generation drilling units under the Ocean Rig Mylos, the Ocean Rig Skyros, the Ocean Rig Athena, and the Ocean Rig Apollo names.

More notable recent Ocean Rig UDW Inc. (NASDAQ:ORIG) news were published by: Nasdaq.com which released: “Industry Leaders at Capital Link’s Analyst & Investor Day Forum on Monday, June 4, 2018 at Athens, Greece” on May 16, 2018, also Streetinsider.com with their article: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” published on May 15, 2018, Nasdaq.com published: “Ocean Rig UDW Inc. Announces First Quarter 2018 Results Release Date, Conference Call and Webcast” on May 14, 2018. More interesting news about Ocean Rig UDW Inc. (NASDAQ:ORIG) were released by: Seekingalpha.com and their article: “Ocean Rig UDW -1% after Q1 earnings miss” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Ocean Rig UDW’s (ORIG) CEO Pankaj Khanna on Q1 2018 Results – Earnings Call Transcript” with publication date: May 17, 2018.

Ocean Rig UDW Inc. (NASDAQ:ORIG) Ratings Chart

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