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. The Company's drilling units include Leiv Eiriksson, Ocean Rig Corcovado, Ocean Rig Poseidon, Ocean Rig Mykonos, Ocean Rig Mylos, Ocean Rig Skyros and Ocean Rig Athena. In addition, the Company, through its wholly owned subsidiary, provides supervisory management services including onshore management to its operating drilling units and drilling units under construction.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling & Exploration
- Sub-Industry: N/A
- Symbol: NASDAQ:ORIG
- CUSIP: N/A
- Web: www.ocean-rig.com
- 50 Day Moving Avg: $0.17
- 200 Day Moving Avg: $0.62
- 52 Week Range: $0.12 - $2.89
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -0.05
- P/E Growth: -0.0100
- Net Margins: -195.64%
- Return on Equity: 16.32%
- Return on Assets: 5.96%
- Debt-to-Equity Ratio: 302.07%
- Current Ratio: 1.33%
- Quick Ratio: 1.33%
- Average Volume: 1.05 million shs.
- Beta: 1.71
- Short Ratio: 5.28
Frequently Asked Questions for Ocean Rig UDW (NASDAQ:ORIG)
What is Ocean Rig UDW's stock symbol?
Ocean Rig UDW trades on the NASDAQ under the ticker symbol "ORIG."
How were Ocean Rig UDW's earnings last quarter?
Ocean Rig UDW Inc. (NASDAQ:ORIG) announced its quarterly earnings results on Wednesday, December, 14th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.09. The company earned $335.04 million during the quarter, compared to the consensus estimate of $342.14 million. Ocean Rig UDW had a negative net margin of 195.64% and a positive return on equity of 16.32%. The business's revenue was down 23.4% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. View Ocean Rig UDW's Earnings History.
Where is Ocean Rig UDW's stock going? Where will Ocean Rig UDW's stock price be in 2017?
1 equities research analysts have issued twelve-month price objectives for Ocean Rig UDW's shares. Their forecasts range from $1.00 to $1.00. On average, they expect Ocean Rig UDW's stock price to reach $1.00 in the next year. 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 Noble Corporation (NE), SandRidge Energy (SD), Halcon Resources Corporation (HK), Geopark Ltd (GPRK), Independence Contract Drilling (ICD), North Atlantic Drilling (NADL), Magnum Hunter Resources Corp (MHR), Progress Energy (PGN), Breitburn Energy Partners LP (BBEP), Hercules Offshore Com (HERO) and Vanguard Natural Resources, LLC (VNR).
How do I buy Ocean Rig UDW stock?
Shares of Ocean Rig UDW can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ocean Rig UDW's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ocean Rig UDW stock can currently be purchased for approximately $0.21.
Consensus Ratings for Ocean Rig UDW (NASDAQ:ORIG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$1.00 (387.57% upside)|
Analysts' Ratings History for Ocean Rig UDW (NASDAQ:ORIG)
(Data available from 7/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/16/2016||Deutsche Bank AG||Downgrade||Buy -> Hold||$4.00 -> $1.00||N/A|
|6/30/2016||Evercore ISI||Reiterated Rating||Hold||N/A|
|3/11/2016||Simmons||Downgrade||Neutral -> Underweight||$1.00 -> $0.65||N/A|
|3/11/2016||Piper Jaffray Companies||Downgrade||Neutral -> Underweight||$1.00 -> $0.65||N/A|
|1/27/2016||Clarkson Capital||Reiterated Rating||Neutral||N/A|
|1/27/2016||Nordea Equity Research||Downgrade||Sell||N/A|
|1/13/2016||Seaport Global Securities||Downgrade||Accumulate -> Neutral||$1.70 -> $1.30||N/A|
|12/10/2015||Barclays PLC||Lower Price Target||Underweight||$3.00 -> $2.00||N/A|
|12/3/2015||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||N/A|
|8/17/2015||Cowen and Company||Lower Price Target||Outperform||$12.00 -> $8.00||N/A|
Earnings History for Ocean Rig UDW (NASDAQ:ORIG)Earnings History by Quarter for Ocean Rig UDW (NASDAQ ORIG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|12/14/2016||Q316||$0.56||$0.47||$342.14 million||$335.04 million||View||N/A|
|8/11/2016||Q216||$0.72||$1.83||$376.45 million||$452.60 million||View||N/A|
|5/19/2016||Q116||$0.72||$1.17||$424.66 million||$508.00 million||View||N/A|
|3/8/2016||Q415||$0.78||$0.75||$481.15 million||$499.40 million||View||N/A|
|12/7/2015||Q315||$0.46||$0.58||$433.52 million||$437.20 million||View||N/A|
|8/6/2015||Q215||$0.27||$0.54||$423.84 million||$433.22 million||View||N/A|
|5/11/2015||Q115||($0.05)||$0.31||$396.44 million||$402.10 million||View||N/A|
|2/25/2015||Q414||$0.71||$0.66||$487.70 million||$499.40 million||View||N/A|
|11/5/2014||Q314||$0.70||$0.96||$491.80 million||$328.51 million||View||N/A|
|8/5/2014||Q413||$0.40||$0.53||$418.11 million||$441.43 million||View||N/A|
|5/22/2014||Q313||($0.02)||($0.01)||$333.07 million||$360.80 million||View||N/A|
|2/18/2014||Q213||$0.16||$0.30||$315.68 million||$345.50 million||View||N/A|
|11/4/2013||Q113||$0.19||$0.30||$292.07 million||$328.51 million||View||N/A|
|8/7/2013||Q2 2013||$0.29||$251.03 million||$259.80 million||View||N/A|
|5/22/2013||Q1 2013||($0.18)||$0.05||$224.68 million||$246.40 million||View||N/A|
|3/6/2013||Q412||($0.34)||($0.21)||$232.90 million||$237.66 million||View||N/A|
|11/14/2012||Q312||$0.25||$0.21||$278.61 million||$226.04 million||View||N/A|
Earnings Estimates for Ocean Rig UDW (NASDAQ:ORIG)
2017 EPS Consensus Estimate: $0.83
2018 EPS Consensus Estimate: ($2.70)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Ocean Rig UDW (NASDAQ ORIG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Ocean Rig UDW (NASDAQ:ORIG)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Ocean Rig UDW (NASDAQ:ORIG)
Latest Headlines for Ocean Rig UDW (NASDAQ:ORIG)
Ocean Rig UDW (ORIG) Chart for Sunday, July, 23, 2017