NASDAQ:ORIG - Ocean Rig Stock Price, Price Target & More

$23.99 -0.43 (-1.76 %)
(As of 04/26/2018 04:00 PM ET)
Previous Close$24.42
Today's Range$23.70 - $25.06
52-Week Range$20.22 - $40.00
Volume86,724 shs
Average Volume162,565 shs
Market Capitalization$2.29 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.33

About Ocean Rig (NASDAQ:ORIG)

Ocean Rig logoOcean 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.

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Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:ORIG
CUSIPN/A
Phone0113453279232

Debt

Debt-to-Equity Ratio0.20%
Current Ratio5.38%
Quick Ratio5.38%

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.01 billion
Price / Sales2.18
Cash FlowN/A
Price / CashN/A
Book Value$24.06 per share
Price / Book1.00

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees1,160
Outstanding Shares91,570,000

How to Become a New Pot Stock Millionaire

Ocean Rig (NASDAQ:ORIG) Frequently Asked Questions

What is Ocean Rig's stock symbol?

Ocean Rig trades on the NASDAQ under the ticker symbol "ORIG."

When did Ocean Rig's stock split? How did Ocean Rig's stock split work?

Ocean Rig's stock 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 market closes on Thursday, September 21st 2017. An investor that had 100 shares of Ocean Rig stock prior to the reverse split would have 0 shares after the split.

How were Ocean Rig's earnings last quarter?

Ocean Rig (NASDAQ:ORIG) issued its quarterly earnings data on Wednesday, December, 14th. The oil and gas company reported $4,324.00 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $5,152.00 by $828.00. The oil and gas company earned $335.04 million during the quarter, compared to the consensus estimate of $342.14 million. The company's quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $5,336.00 earnings per share. View Ocean Rig's Earnings History.

When is Ocean Rig's next earnings date?

Ocean Rig is scheduled to release their next quarterly earnings announcement on Wednesday, May, 16th 2018. View Earnings Estimates for Ocean Rig.

What price target have analysts set for ORIG?

3 brokerages have issued 12-month price objectives for Ocean Rig's stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate Ocean Rig's stock price to reach $30.00 in the next twelve months. View Analyst Ratings for Ocean Rig.

Who are some of Ocean Rig's key competitors?

Has Ocean Rig been receiving favorable news coverage?

News articles about ORIG stock have been trending positive this week, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocean Rig earned a news sentiment score of 0.41 on Accern's scale. They also assigned news coverage about the oil and gas company an impact score of 45.77 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

How do I buy shares of Ocean Rig?

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's stock price today?

One share of ORIG stock can currently be purchased for approximately $23.99.

How big of a company is Ocean Rig?

Ocean Rig has a market capitalization of $2.29 billion and generates $1.01 billion in revenue each year. Ocean Rig employs 1,160 workers across the globe.

How can I contact Ocean Rig?

Ocean Rig'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 (ORIG)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  187 (Vote Underperform)
Total Votes:  398
MarketBeat's community ratings are surveys of what our community members think about Ocean Rig 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.

Analyst Ratings

Ocean Rig (NASDAQ:ORIG) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
3 Wall Street analysts have issued ratings and price targets for Ocean Rig in the last 12 months. Their average twelve-month price target is $30.00, suggesting that the stock has a possible upside of 25.05%. The high price target for ORIG is $30.00 and the low price target for ORIG is $30.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.672.673.003.00
Ratings Breakdown: 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $30.00$30.00N/AN/A
Price Target Upside: 25.05% upside27.77% upsideN/AN/A

Ocean Rig (NASDAQ:ORIG) Consensus Price Target History

Price Target History for Ocean Rig (NASDAQ:ORIG)

Ocean Rig (NASDAQ:ORIG) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/20/2018Deutsche BankInitiated CoverageHold -> Hold$30.00MediumView Rating Details
12/15/2017Credit Suisse GroupInitiated CoverageOutperform -> OutperformHighView Rating Details
10/23/2017DNB MarketsUpgradeHold -> BuyN/AView Rating Details
6/30/2016Evercore ISIReiterated RatingHoldN/AView Rating Details
(Data available from 4/26/2016 forward)

Earnings

Ocean Rig (NASDAQ:ORIG) Earnings History and Estimates Chart

Earnings by Quarter for Ocean Rig (NASDAQ:ORIG)

Ocean Rig (NASDAQ:ORIG) Earnings Estimates

2018 EPS Consensus Estimate: ($2.70)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181($0.16)($0.16)($0.16)
Q2 20181($0.44)($0.44)($0.44)
Q3 20181($1.00)($1.00)($1.00)
Q4 20181($1.10)($1.10)($1.10)

Ocean Rig (NASDAQ ORIG) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/16/2018        
11/15/2017Q3 2017$1.54$200.85 millionViewN/AView Earnings Details
2/22/2017Q4 2016$3,300.00$4,800.00$300.19 million$355.39 millionViewN/AView Earnings Details
12/14/2016Q316$5,152.00$4,324.00$342.14 million$335.04 millionViewN/AView Earnings Details
8/11/2016Q216$6,624.00$16,836.00$376.45 million$452.60 millionViewN/AView Earnings Details
5/19/2016Q116$6,624.00$10,764.00$424.66 million$508.00 millionViewN/AView Earnings Details
3/8/2016Q415$7,176.00$6,900.00$481.15 million$499.40 millionViewN/AView Earnings Details
12/7/2015Q315$4,232.00$5,336.00$433.52 million$437.20 millionViewN/AView Earnings Details
8/6/2015Q215$2,484.00$4,968.00$423.84 million$433.22 millionViewN/AView Earnings Details
5/11/2015Q115($460.00)$2,852.00$396.44 million$402.10 millionViewN/AView Earnings Details
2/25/2015Q414$6,532.00$6,072.00$487.70 million$499.40 millionViewN/AView Earnings Details
11/5/2014Q314$6,440.00$8,832.00$491.80 million$328.51 millionViewN/AView Earnings Details
8/5/2014Q413$3,680.00$4,876.00$418.11 million$441.43 millionViewN/AView Earnings Details
5/22/2014Q313($184.00)($92.00)$333.07 million$360.80 millionViewN/AView Earnings Details
2/18/2014Q213$1,472.00$2,760.00$315.68 million$345.50 millionViewN/AView Earnings Details
11/4/2013Q113$1,748.00$2,760.00$292.07 million$328.51 millionViewN/AView Earnings Details
8/7/2013Q2 2013$2,668.00$251.03 million$259.80 millionViewN/AView Earnings Details
5/22/2013Q1 2013($1,656.00)$460.00$224.68 million$246.40 millionViewN/AView Earnings Details
3/6/2013Q412($3,128.00)($1,932.00)$232.90 million$237.66 millionViewN/AView Earnings Details
11/14/2012Q312$2,300.00$1,932.00$278.61 million$226.04 millionViewN/AView Earnings Details
8/16/2012Q2 2012$1,700.00$590.00ViewN/AView Earnings Details
5/29/2012Q1 2012($3,400.00)($3,030.00)ViewN/AView Earnings Details
2/22/2012Q4 2011$2,770.00ViewN/AView Earnings Details
11/7/2011Q3 2011$4,910.00ViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Ocean Rig (NASDAQ:ORIG) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/12/2015quarterly$1,748.008.24%5/20/20155/22/20156/2/2015
2/26/2015quarterly$1,748.0010%3/6/20153/10/20153/23/2015
10/20/2014quarterly$1,748.005.55%10/29/201410/31/201411/11/2014
7/21/2014quarterly$1,748.004.14%7/30/20148/1/20148/11/2014
5/8/2014quarterly$1,748.005/16/20145/20/20145/30/2014
(Data available from 1/1/2013 forward)

Insider Trades

Ocean Rig (NASDAQ ORIG) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 77.95%
Insider Trading History for Ocean Rig (NASDAQ:ORIG)
Institutional Ownership by Quarter for Ocean Rig (NASDAQ:ORIG)

Ocean Rig (NASDAQ ORIG) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
(Data available from 1/1/2013 forward)

Headlines

Ocean Rig (NASDAQ ORIG) News Headlines

Source:
DateHeadline
Energy Sector Update for 04/23/2018: ORIG,MDR,CBI,HALEnergy Sector Update for 04/23/2018: ORIG,MDR,CBI,HAL
www.nasdaq.com - April 24 at 5:20 PM
Ocean Rig Pushes Santorini Into 2019Ocean Rig Pushes Santorini Into 2019
seekingalpha.com - April 24 at 8:38 AM
Ocean Rig UDW Inc. Announces Agreement to Postpone Delivery of Newbuilding Drillship Ocean Rig SantoriniOcean Rig UDW Inc. Announces Agreement to Postpone Delivery of Newbuilding Drillship Ocean Rig Santorini
finance.yahoo.com - April 23 at 4:59 PM
Ocean Rig to postpone delivery of newbuild drillshipOcean Rig to postpone delivery of newbuild drillship
seekingalpha.com - April 23 at 3:46 PM
Ocean Rig: Potential Opportunity Under $24Ocean Rig: Potential Opportunity Under $24
seekingalpha.com - April 17 at 5:38 PM
Ocean Rig: Discussing The $150 Million Buyback AuthorizationOcean Rig: Discussing The $150 Million Buyback Authorization
seekingalpha.com - April 17 at 8:57 AM
Ocean Rig announces $150M stock buyback planOcean Rig announces $150M stock buyback plan
seekingalpha.com - April 16 at 5:05 PM
Ocean Rig UDW Inc. Announces Authorization of an Up to $150 Million Stock Repurchase PlanOcean Rig UDW Inc. Announces Authorization of an Up to $150 Million Stock Repurchase Plan
finance.yahoo.com - April 16 at 5:05 PM
Ocean Rig UDW Inc. New (ORIG) Downgraded by ValuEngine to "Buy"Ocean Rig UDW Inc. New (ORIG) Downgraded by ValuEngine to "Buy"
www.americanbankingnews.com - April 8 at 11:17 AM
Ocean Rig UDW Inc. New (ORIG) Upgraded to Buy at DNB MarketsOcean Rig UDW Inc. New (ORIG) Upgraded to Buy at DNB Markets
www.americanbankingnews.com - April 6 at 12:11 PM
Ocean Rig UDW Inc. New (ORIG) Downgraded to "Hold" at ValuEngineOcean Rig UDW Inc. New (ORIG) Downgraded to "Hold" at ValuEngine
www.americanbankingnews.com - April 3 at 10:32 AM
Ocean Rig UDW Inc. New (ORIG) Upgraded to "Sell" at BidaskClubOcean Rig UDW Inc. New (ORIG) Upgraded to "Sell" at BidaskClub
www.americanbankingnews.com - March 30 at 5:40 PM
Edited Transcript of ORIG earnings conference call or presentation 21-Feb-18 1:00pm GMTEdited Transcript of ORIG earnings conference call or presentation 21-Feb-18 1:00pm GMT
finance.yahoo.com - March 27 at 4:58 PM
Comparing Ocean Rig UDW Inc. New (ORIG) & Forum Energy Technologies (FET)Comparing Ocean Rig UDW Inc. New (ORIG) & Forum Energy Technologies (FET)
www.americanbankingnews.com - March 27 at 11:40 AM
Ocean Rig UDW Inc. New (ORIG) Downgraded by BidaskClubOcean Rig UDW Inc. New (ORIG) Downgraded by BidaskClub
www.americanbankingnews.com - March 26 at 9:55 AM
ValuEngine Upgrades Ocean Rig UDW Inc. New (ORIG) to BuyValuEngine Upgrades Ocean Rig UDW Inc. New (ORIG) to Buy
www.americanbankingnews.com - March 23 at 10:46 PM
BidaskClub Upgrades Ocean Rig UDW Inc. New (ORIG) to SellBidaskClub Upgrades Ocean Rig UDW Inc. New (ORIG) to Sell
www.americanbankingnews.com - March 23 at 7:56 PM
Ocean Rig Prepays $100 Million Under The Credit FacilityOcean Rig Prepays $100 Million Under The Credit Facility
seekingalpha.com - March 22 at 8:50 AM
Energy Sector Update for 03/20/2018: CJ,ORIG - Nasdaq.com - NasdaqEnergy Sector Update for 03/20/2018: CJ,ORIG - Nasdaq.com - Nasdaq
www.nasdaq.com - March 21 at 9:26 AM
Ocean Rig UDW Inc. Announces $100 Million Prepayment of $450 Million Senior Secured Credit Facility - GlobeNewswire (press release)Ocean Rig UDW Inc. Announces $100 Million Prepayment of $450 Million Senior Secured Credit Facility - GlobeNewswire (press release)
globenewswire.com - March 21 at 9:26 AM
Energy Sector Update for 03/20/2018: TPGE,OXY,CJ,XOM,ORIG ... - NasdaqEnergy Sector Update for 03/20/2018: TPGE,OXY,CJ,XOM,ORIG ... - Nasdaq
www.nasdaq.com - March 21 at 9:26 AM
Ocean Rig UDW Inc. New (ORIG) Earns Hold Rating from Analysts at Deutsche BankOcean Rig UDW Inc. New (ORIG) Earns Hold Rating from Analysts at Deutsche Bank
www.americanbankingnews.com - March 20 at 10:34 PM
Ocean Rig UDW Inc. New (ORIG) Stock Rating Lowered by BidaskClubOcean Rig UDW Inc. New (ORIG) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - March 16 at 10:28 PM
Ocean Rig UDW Inc. New (ORIG) Downgraded to Hold at ValuEngineOcean Rig UDW Inc. New (ORIG) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - March 11 at 11:47 PM
Ocean Rig UDW Inc. Announces the Results of Its 2018 Annual ... - GlobeNewswire (press release)Ocean Rig UDW Inc. Announces the Results of Its 2018 Annual ... - GlobeNewswire (press release)
globenewswire.com - March 6 at 8:37 AM
Centenus Global Management LP Takes Position in Ocean Rig UDW Inc. New (ORIG)Centenus Global Management LP Takes Position in Ocean Rig UDW Inc. New (ORIG)
www.americanbankingnews.com - March 5 at 5:41 AM
Bogle Investment Management L P DE Buys New Stake in Ocean Rig UDW Inc. New (ORIG)Bogle Investment Management L P DE Buys New Stake in Ocean Rig UDW Inc. New (ORIG)
www.americanbankingnews.com - March 5 at 5:10 AM
BRIEF-Ocean Rig UDW Announces New Drilling Contract For Ocean Rig PoseidonBRIEF-Ocean Rig UDW Announces New Drilling Contract For Ocean Rig Poseidon
www.reuters.com - February 26 at 5:29 PM
Ocean Rig UDW Inc. Announces New Drilling Contract for the Ocean Rig PoseidonOcean Rig UDW Inc. Announces New Drilling Contract for the Ocean Rig Poseidon
finance.yahoo.com - February 26 at 5:29 PM
Ocean Rig UDW Inc. New (ORIG) Cut to Hold at ValuEngineOcean Rig UDW Inc. New (ORIG) Cut to Hold at ValuEngine
www.americanbankingnews.com - February 25 at 6:35 PM
Ocean Rig UDW Inc. New (ORIG) Stock Rating Upgraded by BidaskClubOcean Rig UDW Inc. New (ORIG) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - February 25 at 4:54 PM
Ocean Rig UDW Inc Class A to Host Earnings CallOcean Rig UDW Inc Class A to Host Earnings Call
finance.yahoo.com - February 21 at 8:42 AM
Ocean Rig UDW Inc. Reports Financial and Operating Results for the Fourth Quarter 2017Ocean Rig UDW Inc. Reports Financial and Operating Results for the Fourth Quarter 2017
finance.yahoo.com - February 20 at 5:29 PM
Ocean Rig Q4 Earnings PreviewOcean Rig Q4 Earnings Preview
finance.yahoo.com - February 20 at 5:29 PM
Ocean Rig UDW (ORIG) Presents At 23rd Annual Credit Suisse Energy Summit - SlideshowOcean Rig UDW (ORIG) Presents At 23rd Annual Credit Suisse Energy Summit - Slideshow
seekingalpha.com - February 15 at 5:06 PM
Ocean Rig UDW Inc. Announces Fourth Quarter 2017 Results Release Date, Conference Call and WebcastOcean Rig UDW Inc. Announces Fourth Quarter 2017 Results Release Date, Conference Call and Webcast
finance.yahoo.com - February 15 at 5:06 PM
Ocean Rig UDW Inc. Announces Day of 2018 Annual General Meeting of ShareholdersOcean Rig UDW Inc. Announces Day of 2018 Annual General Meeting of Shareholders
finance.yahoo.com - January 30 at 10:18 AM
Ocean Rig UDW Inc. Announces Management ChangesOcean Rig UDW Inc. Announces Management Changes
finance.yahoo.com - December 29 at 4:34 PM
Reuters: Ocean Rig prepares to explore sale - Seeking AlphaReuters: Ocean Rig prepares to explore sale - Seeking Alpha
seekingalpha.com - December 22 at 7:37 PM
Ocean Rig UDW, Inc. – Value Analysis (NASDAQ:ORIG) : December 19, 2017Ocean Rig UDW, Inc. – Value Analysis (NASDAQ:ORIG) : December 19, 2017
finance.yahoo.com - December 19 at 4:37 PM
Ocean Rig UDW, Inc. breached its 50 day moving average in a Bullish Manner : ORIG-US : December 18, 2017Ocean Rig UDW, Inc. breached its 50 day moving average in a Bullish Manner : ORIG-US : December 18, 2017
finance.yahoo.com - December 18 at 10:40 AM
Ocean Rig UDW Inc. New (ORIG) Coverage Initiated at Credit Suisse GroupOcean Rig UDW Inc. New (ORIG) Coverage Initiated at Credit Suisse Group
www.americanbankingnews.com - December 15 at 3:38 PM
Ocean Rig UDW (ORIG) Stock Rating Upgraded by ValuEngineOcean Rig UDW (ORIG) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - December 2 at 10:36 PM
Offshore oil service firms dominate North American energy bankruptciesOffshore oil service firms dominate North American energy bankruptcies
www.reuters.com - November 18 at 10:42 AM
Ocean Rig UDW Inc. 2017 Q3 - Results - Earnings Call SlidesOcean Rig UDW Inc. 2017 Q3 - Results - Earnings Call Slides
seekingalpha.com - November 18 at 10:42 AM
Ocean Rig UDW Inc. (ORIG) to Release Quarterly Earnings on WednesdayOcean Rig UDW Inc. (ORIG) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - November 13 at 8:21 PM
Ocean Rig UDW Inc. Announces Third Quarter 2017 Results Release Date, Conference Call and WebcastOcean Rig UDW Inc. Announces Third Quarter 2017 Results Release Date, Conference Call and Webcast
finance.yahoo.com - November 10 at 8:04 PM
Ocean Rig UDW Inc. Announces the Results of Its 2017 Extraordinary General Meeting of ShareholdersOcean Rig UDW Inc. Announces the Results of Its 2017 Extraordinary General Meeting of Shareholders
finance.yahoo.com - November 4 at 8:32 AM
What Investors Should Know About Ocean Rig UDW Inc’s (ORIG) Financial StrengthWhat Investors Should Know About Ocean Rig UDW Inc’s (ORIG) Financial Strength
finance.yahoo.com - October 25 at 8:43 AM
Form 6-K Ocean Rig UDW Inc. For: Oct 31 - StreetInsider.comForm 6-K Ocean Rig UDW Inc. For: Oct 31 - StreetInsider.com
www.streetinsider.com - October 20 at 7:15 AM

SEC Filings

Ocean Rig (NASDAQ:ORIG) SEC Filings

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Social Media

Financials

Ocean Rig (NASDAQ:ORIG) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Ocean Rig (NASDAQ ORIG) Stock Chart for Thursday, April, 26, 2018

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This page was last updated on 4/26/2018 by MarketBeat.com Staff

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