NASDAQ:ORIG - Ocean Rig UDW Stock Price, News, & Analysis

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$27.78 -0.99 (-3.44 %)
(As of 01/22/2019 04:00 PM ET)
Previous Close$28.77
Today's Range$27.76 - $28.93
52-Week Range$22.48 - $35.86
Volume513,269 shs
Average Volume463,607 shs
Market Capitalization$2.53 billion
P/E Ratio25.25
Dividend YieldN/A
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.

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Industry, Sector and Symbol

Industry Drilling oil & gas wells
Current SymbolNASDAQ:ORIG



Sales & Book Value

Annual Sales$1.01 billion
Book Value$24.06 per share


Net Income$-5,400,000.00


Market Cap$2.53 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 the morning of 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 quarterly earnings data on Tuesday, November, 13th. The oil and gas company reported ($0.29) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.37) by $0.08. The oil and gas company earned $74.07 million during the quarter, compared to analysts' expectations of $76.40 million. Ocean Rig UDW had a net margin of 14.49% and a return on equity of 4.50%. The company's revenue was down 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($26.36) earnings per share. View Ocean Rig UDW's Earnings History.

When is Ocean Rig UDW's next earnings date?

Ocean Rig UDW is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for Ocean Rig UDW.

What price target have analysts set for ORIG?

2 brokerages have issued twelve-month price targets for Ocean Rig UDW's shares. Their forecasts range from $30.00 to $30.00. On average, they anticipate Ocean Rig UDW's stock price to reach $30.00 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Ocean Rig UDW.

What is the consensus analysts' recommendation for Ocean Rig UDW?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocean Rig UDW in the last year. There are currently 2 hold ratings 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 very positive on Tuesday, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ocean Rig UDW earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are some of Ocean Rig UDW's key competitors?

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

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 $27.78.

How big of a company is Ocean Rig UDW?

Ocean Rig UDW has a market capitalization of $2.53 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?

The official website for Ocean Rig UDW is

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  264 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  535
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.
This page was last updated on 1/22/2019 by Staff

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