Is there a Bearish outlook for Ocean Rig UDW Inc. (NASDAQ:ORIG) this week?

April 17, 2018 - By Linda Rogers

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. Credit Suisse initiated the stock with “Buy” rating in Friday, December 15 report. 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 increased 0.12% or $0.03 during the last trading session, reaching $26. About 25,192 shares traded. Ocean Rig UDW Inc. (NASDAQ:ORIG) has declined 99.63% since April 17, 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 $2.38 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.

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

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