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
SymbolNASDAQ:ORIG
CUSIPN/A
Phone0113453279232
Debt
Debt-to-Equity Ratio0.16
Current Ratio11.01
Quick Ratio11.01
Price-To-Earnings
Trailing P/E Ratio10.57
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.01 billion
Price / Sales2.89
Cash FlowN/A
Price / CashN/A
Book Value$24.06 per share
Price / Book1.33
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-5,400,000.00
Net Margins-16.88%
Return on Equity6.37%
Return on Assets5.08%
Miscellaneous
Employees1,160
Outstanding Shares91,110,000
Market Cap$2.82 billion
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?
Shares of Ocean Rig UDW 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) released its earnings results on Thursday, August, 9th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.32. The oil and gas company earned $97.30 million during the quarter, compared to analyst estimates of $128.57 million. Ocean Rig UDW had a negative net margin of 16.88% and a positive return on equity of 6.37%. The business's quarterly revenue was down 65.8% on a year-over-year basis. 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 Wall Street analysts have issued 12 month price objectives for Ocean Rig UDW's stock. Their predictions range from $30.00 to $30.00. On average, they expect Ocean Rig UDW's stock price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 6.2%. 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 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ocean Rig UDW.
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), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Seadrill Partners (SDLP), Pioneer Energy Services (PES) and Independence Contract Drilling (ICD).
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
Has Ocean Rig UDW been receiving favorable news coverage?
News stories about ORIG stock have trended somewhat positive this week, Accern reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ocean Rig UDW earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned headlines about the oil and gas company an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Ocean Rig UDW.
Who are Ocean Rig UDW's major shareholders?
Ocean Rig UDW's stock is owned by many different of institutional and retail investors. Top institutional investors include Canyon Capital Advisors LLC (4.11%), Canyon Capital Advisors LLC (4.11%), BlackRock Inc. (2.97%), Lansdowne Partners UK LLP (1.32%), Luminus Management LLC (0.64%) and Northern Trust Corp (0.54%).
Which institutional investors are selling Ocean Rig UDW stock?
ORIG stock was sold by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Canyon Capital Advisors LLC and Tokio Marine Asset Management Co. Ltd..
Which institutional investors are buying Ocean Rig UDW stock?
ORIG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Lansdowne Partners UK LLP, Northern Trust Corp, Millennium Management LLC, Point72 Asset Management L.P., Calamos Advisors LLC, TCW Group Inc. and Schwab Charles Investment Management Inc..
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 $31.97.
How big of a company is Ocean Rig UDW?
Ocean Rig UDW has a market capitalization of $2.82 billion and generates $1.01 billion in revenue each year. Ocean Rig UDW employs 1,160 workers across the globe.
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.
