Ocean Rig UDW (ORIG) Shares are Up 1.37%

Ocean Rig UDW (ORIG) has been under a strong bear grip, hence the stock is down -6.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.83% in the past 1 week. The stock has risen by 1.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.42% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 48.37%.The 200 Day SMA reached 49.92% Ocean Rig UDW LLC has dropped 73.56% during the last 3-month period . Year-to-Date the stock performance stands at -51.49%.


Ocean Rig UDW (ORIG) : Average target price received by Ocean Rig UDW (ORIG) is $1.17 with an expected standard deviation of $0.29. The most aggressive target on the stock is $2, whereas the most downbeat target is $1. 3 financial analysts are currently covering the stock.

The shares have received a consensus rating of Sell for the current week Ocean Rig UDW (NASDAQ:ORIG): The stock opened at $0.7425 and touched an intraday high of $0.7933 on Friday. During the day, the stock corrected to an intraday low of $0.742, however, the bulls stepped in and pushed the price higher to close in the green at $0.7907 with a gain of 4.23% for the day. The total traded volume for the day was 1,230,848. The stock had closed at $0.7907 in the previous trading session.

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.

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