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.
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.
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