Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ocean Rig UDW Inc. New (ORIG) Share Price

Press coverage about Ocean Rig UDW Inc. New (NASDAQ:ORIG) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocean Rig UDW Inc. New earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.3120656570905 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of ORIG traded down $0.69 during mid-day trading on Friday, reaching $24.96. The company’s stock had a trading volume of 68,889 shares, compared to its average volume of 172,833. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.20. Ocean Rig UDW Inc. New has a 12-month low of $20.22 and a 12-month high of $40.00.

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ORIG has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on Ocean Rig UDW Inc. New in a report on Friday, December 15th. They issued an “outperform” rating on the stock. BidaskClub downgraded Ocean Rig UDW Inc. New from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. ValuEngine downgraded Ocean Rig UDW Inc. New from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank initiated coverage on Ocean Rig UDW Inc. New in a report on Tuesday, March 20th. They issued a “hold” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

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About Ocean Rig UDW Inc. New

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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