BidaskClub upgraded shares of Ocean Rig UDW Inc. New (NASDAQ:ORIG) from a strong sell rating to a sell rating in a research report report published on Thursday morning.
ORIG has been the subject of several other research reports. ValuEngine upgraded shares of Ocean Rig UDW Inc. New from a hold rating to a buy rating in a report on Friday, December 1st. Credit Suisse Group began coverage on shares of Ocean Rig UDW Inc. New in a report on Friday, December 15th. They issued an outperform rating for the company.
Shares of Ocean Rig UDW Inc. New (NASDAQ:ORIG) traded down $0.90 during trading on Thursday, hitting $25.69. 210,575 shares of the stock traded hands, compared to its average volume of 111,708. Ocean Rig UDW Inc. New has a fifty-two week low of $20.22 and a fifty-two week high of $40.00. The company has a quick ratio of 4.61, a current ratio of 1.86 and a debt-to-equity ratio of 0.21.
Several institutional investors have recently modified their holdings of ORIG. Goldman Sachs Group Inc. boosted its holdings in shares of Ocean Rig UDW Inc. New by 109.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 650,943 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 339,692 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Ocean Rig UDW Inc. New in the 3rd quarter valued at $3,106,000. Ameriprise Financial Inc. acquired a new position in shares of Ocean Rig UDW Inc. New in the 3rd quarter valued at $1,928,000. Phoenix Investment Adviser LLC acquired a new position in shares of Ocean Rig UDW Inc. New in the 3rd quarter valued at $7,645,000. Finally, King Street Capital Management L.P. acquired a new position in shares of Ocean Rig UDW Inc. New in the 3rd quarter valued at $19,778,000. Institutional investors and hedge funds own 76.61% of the company’s stock.
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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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