Ocean Rig UDW (NASDAQ:ORIG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.8 by 5 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Ocean Rig UDW (NASDAQ:ORIG). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $3 per share to $4 per share. The rating by the firm was issued on May 24, 2016.
Ocean Rig UDW (NASDAQ:ORIG): 4 Analyst have given the stock of Ocean Rig UDW (NASDAQ:ORIG) a near short term price target of $1.75. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.55. The higher price target estimate is at $4 while the lower price estimates are fixed at $1.
Ocean Rig UDW (NASDAQ:ORIG) rose 0.34% or 0.01 points on Tuesday and made its way into the gainers of the day. After trading began at $2.93 the stock was seen hitting $3.03 as a peak level and $2.832 as the lowest level. The stock ended up at $2.97. The daily volume was measured at 1,502,250 shares. The 52-week high of the share price is $5.96 and the 52-week low is $0.6601. The company has a market cap of $412 million.
Shares of Ocean Rig UDW LLC rose by 2.77% in the last five trading days and 33.78% for the last 4 weeks. Ocean Rig UDW LLC is up 206.19% in the last 3-month period. Year-to-Date the stock performance stands at 82.21%.
Ocean Rig UDW Inc. is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Companys Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.