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. It serves oil companies, integrated oil and gas companies, state-owned national oil companies, and independent oil and gas companies. The company is based in George Town, the Cayman Islands.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:ORIG
Previous Symbol
CUSIPN/A
Phone0113453279232
Debt
Debt-to-Equity Ratio0.16
Current Ratio12.82
Quick Ratio12.82
Price-To-Earnings
Trailing P/E Ratio25.79
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.01 billion
Price / Sales2.45
Cash FlowN/A
Price / CashN/A
Book Value$24.06 per share
Price / Book1.13
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-5,400,000.00
Net Margins14.49%
Return on Equity4.50%
Return on Assets3.67%
Miscellaneous
Employees1,160
Outstanding Shares91,110,000
Market Cap$2.58 billion
OptionableOptionable
Ocean Rig UDW (NASDAQ:ORIG) Frequently Asked Questions
What is Ocean Rig UDW's stock symbol?
Ocean Rig UDW trades on the NASDAQ under the ticker symbol "ORIG."
When did Ocean Rig UDW's stock split? How did Ocean Rig UDW's stock split work?
Ocean Rig UDW shares reverse split on Friday, September 22nd 2017. The 1-9200 reverse split was announced on Tuesday, September 19th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, September 21st 2017. An investor that had 100 shares of Ocean Rig UDW stock prior to the reverse split would have 0 shares after the split.
How were Ocean Rig UDW's earnings last quarter?
Ocean Rig UDW Inc (NASDAQ:ORIG) posted its earnings results on Tuesday, November, 13th. The oil and gas company reported ($0.29) EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.08. The oil and gas company earned $74.07 million during the quarter, compared to analyst estimates of $76.40 million. Ocean Rig UDW had a net margin of 14.49% and a return on equity of 4.50%. The firm's quarterly revenue was down 63.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($26.36) EPS. View Ocean Rig UDW's Earnings History.
When is Ocean Rig UDW's next earnings date?
What price target have analysts set for ORIG?
3 brokers have issued 1-year price objectives for Ocean Rig UDW's shares. Their predictions range from $30.00 to $30.00. On average, they anticipate Ocean Rig UDW's share price to reach $30.00 in the next year. This suggests a possible upside of 10.8% from the stock's current price. View Analyst Price Targets for Ocean Rig UDW.
What is the consensus analysts' recommendation for Ocean Rig UDW?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocean Rig UDW in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ocean Rig UDW.
Has Ocean Rig UDW been receiving favorable news coverage?
Media coverage about ORIG stock has trended somewhat negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ocean Rig UDW earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned news stories about the oil and gas company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term.
Who are some of Ocean Rig UDW's key competitors?
Some companies that are related to Ocean Rig UDW include Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN), Ensco (ESV), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Nabors Industries (NBR), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Independence Contract Drilling (ICD), Seadrill Partners (SDLP), Pioneer Energy Services (PES) and Key Energy Services (KEG).
Who are Ocean Rig UDW's key executives?
Ocean Rig UDW's management team includes the folowing people:
- Mr. Pankaj Khanna, Pres & CEO (Age 48)
- Mr. Anthony Kandylidis, Exec. Vice Chairman (Age 41)
- Mr. Iraklis Sbarounis, CFO, Sec. & Director (Age 33)
- Mr. David Cusiter, Chief Operations Officer (Age 56)
- Mr. Anthony C. Argyropoulos, Special Advisor Capital Markets to the Chief Exec. Officer
Who are Ocean Rig UDW's major shareholders?
Ocean Rig UDW's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.08%), Alpine Associates Management Inc. (2.83%), Lansdowne Partners UK LLP (1.69%), FMR LLC (1.43%), Third Avenue Management LLC (1.03%) and Man Group plc (0.97%).
Which major investors are selling Ocean Rig UDW stock?
ORIG stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., JPMorgan Chase & Co., Calamos Advisors LLC, TIAA CREF Investment Management LLC, Strs Ohio and Tokio Marine Asset Management Co. Ltd..
Which major investors are buying Ocean Rig UDW stock?
ORIG stock was acquired by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., FMR LLC, Man Group plc, Pentwater Capital Management LP, Perella Weinberg Partners Capital Management LP, Lansdowne Partners UK LLP, DLD Asset Management LP and Kellner Capital LLC.
How do I buy shares of Ocean Rig UDW?
Shares of ORIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ocean Rig UDW's stock price today?
One share of ORIG stock can currently be purchased for approximately $27.07.
How big of a company is Ocean Rig UDW?
Ocean Rig UDW has a market capitalization of $2.58 billion and generates $1.01 billion in revenue each year. Ocean Rig UDW employs 1,160 workers across the globe.
What is Ocean Rig UDW's official website?
How can I contact Ocean Rig UDW?
Ocean Rig UDW's mailing address is 3RD FLOOR FLAGSHIP BUILDING HARBOUR DR., GRAND CAYMAN E9, KY1-1104. The oil and gas company can be reached via phone at 0113453279232 or via email at [email protected]
MarketBeat Community Rating for Ocean Rig UDW (NASDAQ ORIG)
MarketBeat's community ratings are surveys of what our community members think about Ocean Rig UDW and other stocks. Vote "Outperform" if you believe ORIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ORIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
