Ocean Rig UDW Inc. New (ORIG) Research Coverage Started at Credit Suisse Group

Equities researchers at Credit Suisse Group began coverage on shares of Ocean Rig UDW Inc. New (NASDAQ:ORIG) in a research report issued on Friday, Marketbeat.com reports. The brokerage set an “outperform” rating on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. DNB Markets raised shares of Ocean Rig UDW Inc. New from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. ValuEngine raised shares of Ocean Rig UDW Inc. New from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Ocean Rig UDW Inc. New (NASDAQ ORIG) traded up $1.56 during mid-day trading on Friday, reaching $26.11. 291,494 shares of the company traded hands, compared to its average volume of 247,970. Ocean Rig UDW Inc. New has a 1-year low of $20.22 and a 1-year high of $40.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.61.

Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at about $640,000. Ameriprise Financial Inc. acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at about $1,928,000. Calamos Advisors LLC acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at about $3,106,000. Phoenix Investment Adviser LLC acquired a new stake in Ocean Rig UDW Inc. New in the 3rd quarter valued at about $7,645,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Ocean Rig UDW Inc. New by 109.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 650,943 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 339,692 shares during the last quarter. 80.12% of the stock is owned by institutional investors.

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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.

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