Ocean Rig UDW Inc. (ORIG) Shares Gap Down to $0.08

Ocean Rig UDW Inc. (NASDAQ:ORIG) shares gapped down before the market opened on Thursday . The stock had previously closed at $0.07, but opened at $0.08. Ocean Rig UDW shares last traded at $0.08, with a volume of 3,227,138 shares.

Several research analysts have commented on ORIG shares. ValuEngine cut shares of Ocean Rig UDW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Ocean Rig UDW from a “hold” rating to a “buy” rating and set a $2,300.00 price objective for the company in a research report on Thursday, May 25th.

Large investors have recently modified their holdings of the business. KCG Holdings Inc. acquired a new stake in Ocean Rig UDW in the first quarter valued at approximately $149,000. Goldman Sachs Group Inc. grew its position in Ocean Rig UDW by 109.1% in the second 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 in the last quarter. Finally, California Public Employees Retirement System grew its position in Ocean Rig UDW by 25.4% in the first quarter. California Public Employees Retirement System now owns 2,113,100 shares of the oil and gas company’s stock valued at $603,000 after acquiring an additional 428,600 shares in the last quarter. 10.73% of the stock is owned by institutional investors.

WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2017/09/21/ocean-rig-udw-inc-orig-shares-gap-down-to-0-08.html.

Ocean Rig UDW 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.

Receive News & Ratings for Ocean Rig UDW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocean Rig UDW Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply