ValuEngine downgraded shares of Ocean Rig UDW Inc. New (NASDAQ:ORIG) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Several other brokerages have also recently issued reports on ORIG. Credit Suisse Group initiated coverage on shares of Ocean Rig UDW Inc. New in a research report on Friday, December 15th. They set an outperform rating on the stock. BidaskClub cut shares of Ocean Rig UDW Inc. New from a sell rating to a strong sell rating in a research report on Wednesday, January 31st.
Shares of Ocean Rig UDW Inc. New (NASDAQ ORIG) traded up $0.47 during midday trading on Wednesday, hitting $25.56. 160,870 shares of the stock traded hands, compared to its average volume of 128,410. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.61 and a current ratio of 1.86. Ocean Rig UDW Inc. New has a 52-week low of $20.22 and a 52-week high of $40.00.
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Ocean Rig UDW Inc. New Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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