BidaskClub upgraded shares of Ocean Rig UDW (NASDAQ:ORIG) from a hold rating to a buy rating in a research report report published on Wednesday.
ORIG has been the subject of several other research reports. ValuEngine downgraded Ocean Rig UDW from a sell rating to a strong sell rating in a report on Saturday, June 2nd. Deutsche Bank assumed coverage on Ocean Rig UDW in a report on Tuesday, March 20th. They issued a hold rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $30.00.
Ocean Rig UDW opened at $28.41 on Wednesday, according to MarketBeat Ratings. Ocean Rig UDW has a 1 year low of $20.22 and a 1 year high of $40.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.86 and a current ratio of 6.86.
A number of hedge funds and other institutional investors have recently modified their holdings of ORIG. Wells Fargo & Company MN acquired a new stake in Ocean Rig UDW in the first quarter worth about $223,000. Spark Investment Management LLC acquired a new stake in shares of Ocean Rig UDW during the fourth quarter worth about $249,000. Legal & General Group Plc acquired a new stake in shares of Ocean Rig UDW during the first quarter worth about $431,000. Engineers Gate Manager LP acquired a new stake in shares of Ocean Rig UDW during the first quarter worth about $507,000. Finally, Hartree Partners LP acquired a new stake in shares of Ocean Rig UDW during the first quarter worth about $714,000. 81.74% of the stock is owned by institutional investors and hedge funds.
Ocean Rig UDW Company Profile
Ocean Rig UDW Inc, an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling worldwide. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company 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, and the Ocean Rig Mykonos 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.
Receive News & Ratings for Ocean Rig UDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocean Rig UDW and related companies with MarketBeat.com's FREE daily email newsletter.