Barclays Capital Analysts Begin Coverage on Ocean Rig Udw (ORIG) $31
Barclays Capital Analysts Begin Coverage on Ocean Rig Udw (ORIG)
Posted by James Brewer on Jan 24th, 2013 // No Comments
Barclays Capital initiated coverage on shares of Ocean Rig Udw (NASDAQ: ORIG) in a research note released on Thursday morning. The firm issued an overweight rating and a $31.00 price target on the stock.
A number of other firms have also recently commented on ORIG. Analysts at Zacks downgraded shares of Ocean Rig Udw from a neutral rating to an underperform rating in a research note to investors on Tuesday, January 15th. They now have a $14.60 price target on the stock. Analysts at Deutsche Bank raised their price target on shares of Ocean Rig Udw from $22.00 to $25.00 in a research note to investors on Friday, November 16th. They now have a buy rating on the stock.
Ocean Rig Udw opened at 15.60 on Thursday. Ocean Rig Udw has a 52-week low of $12.14 and a 52-week high of $18.43. The stock’s 50-day moving average is currently $15.25. The company’s market cap is $2.055 billion.
Ocean Rig Udw last released its earnings data on Wednesday, November 14th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $226.04 million for the quarter, compared to the consensus estimate of $278.61 million. Analysts expect that Ocean Rig Udw will post $-0.30 EPS for the current fiscal year.
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.