Ocean Rig UDW Inc. New (ORIG) Stock Price Up 5%

Ocean Rig UDW Inc. New (NASDAQ:ORIG) shares rose 5% on Wednesday . The company traded as high as $26.56 and last traded at $26.06. Approximately 617,707 shares were traded during trading, an increase of 159% from the average daily volume of 238,403 shares. The stock had previously closed at $24.82.

ORIG has been the topic of a number of recent analyst reports. Credit Suisse Group began coverage on Ocean Rig UDW Inc. New in a research note on Friday, December 15th. They set an “outperform” rating on the stock. ValuEngine raised Ocean Rig UDW Inc. New from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Finally, DNB Markets raised Ocean Rig UDW Inc. New from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd.

The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.61.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Calamos Advisors LLC acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at $3,106,000. Oaktree Capital Management LP acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at $18,878,000. Lasry Marc acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at $165,299,000. King Street Capital Management L.P. acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at $19,778,000. Finally, Phoenix Investment Adviser LLC acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at $7,645,000. 79.78% of the stock is currently owned by institutional investors and hedge funds.

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Ocean Rig UDW Inc. New Company Profile

Ocean Rig UDW Inc is a Cyprus-based offshore drilling contractor that provides oilfield services for oil and gas exploration, development and production drilling, and specializes in the ultra-deepwater and harsh-environment segment of the drilling industry. The Company owns and operates approximately 13 offshore ultra deepwater drilling units, comprising of ultra deepwater semisubmersible drilling rigs and ultra deepwater drill-ships.

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