Ocean Rig UDW (ORIG) Shares are Down -2.56%

Ocean Rig UDW (ORIG) : During the past 4 weeks, traders have been relatively bearish on Ocean Rig UDW (ORIG), hence the stock is down -23.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.98% relative to the S&P 500. The 4-week change in the price of the stock is -21.49% and the stock has fallen -2.56% in the past 1 week.

Ocean Rig UDW (NASDAQ:ORIG): The stock was completely flat for the day, closing at $1.90 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.93, the stock touched an intraday high of $1.97 and a low of $1.89. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.90. The total trading volume on Friday was 1,666,832.

The stock has recorded a 20-day Moving Average of 15.39% and the 50-Day Moving Average is 23.49%. Ocean Rig UDW LLC has dropped 9.09% during the last 3-month period . Year-to-Date the stock performance stands at 16.56%.

Ocean Rig UDW (ORIG) : 4 investment research analysts covering Ocean Rig UDW (ORIG) have an average price target of $1.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $4 and the lowest target is $1 for the short term. Analysts expect the variance to be within $1.55 of the average price.


Ocean Rig UDW Inc. is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Companys Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.