Are Analysts Bullish Ocean Rig UDW Inc. (NASDAQ:ORIG) After Last Week?

January 13, 2018 - By wolcottdaily

 Are Analysts Bullish Ocean Rig UDW Inc. (NASDAQ:ORIG) After Last Week?

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

Among 8 analysts covering Ocean Rig UDW (NASDAQ:ORIG), 2 have Buy rating, 5 Sell and 1 Hold. Therefore 25% are positive. Ocean Rig UDW had 15 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 18 by Zacks. The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) has “Underweight” rating given on Friday, March 11 by Simmons & Co. On Friday, December 15 the stock rating was initiated by Credit Suisse with “Buy”. The rating was downgraded by Piper Jaffray on Friday, March 11 to “Underweight”. The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) has “Hold” rating given on Tuesday, August 16 by Deutsche Bank. Danske upgraded the shares of ORIG in report on Monday, August 10 to “Sell” rating. Deutsche Bank maintained the shares of ORIG in report on Friday, March 11 with “Buy” rating. The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) has “Sell” rating given on Tuesday, February 9 by Danske Bank. Cowen & Co maintained the stock with “Outperform” rating in Monday, August 17 report. Below is a list of Ocean Rig UDW Inc. (NASDAQ:ORIG) latest ratings and price target changes.

15/12/2017 Broker: Credit Suisse Rating: Buy New Target: $32.0 Initiate

The stock increased 1.07% or $0.3 during the last trading session, reaching $28.24. About 104,769 shares traded. Ocean Rig UDW Inc. (NASDAQ:ORIG) has declined 87.33% since January 13, 2017 and is downtrending. It has underperformed by 104.03% 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 $2.59 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: Seekingalpha.com which released: “Here’s Why Ocean Rig Is Rallying Now” on November 16, 2016, also Seekingalpha.com with their article: “Why Ocean Rig Is Not A Short Anymore” published on October 05, 2017, Seekingalpha.com published: “Ocean Rig Was Up 90% On No News. Should We Be Surprised?” on July 17, 2017. More interesting news about Ocean Rig UDW Inc. (NASDAQ:ORIG) were released by: Seekingalpha.com and their article: “Ocean Rig: Focus On The Facts” published on September 25, 2017 as well as Globenewswire.com‘s news article titled: “Ocean Rig UDW Inc. Announces Management Changes” with publication date: December 29, 2017.

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