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

Headlines about Ocean Rig UDW Inc. New (NASDAQ:ORIG) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. 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 daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.580775493871 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

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Shares of NASDAQ:ORIG opened at $25.23 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.38 and a current ratio of 5.38. Ocean Rig UDW Inc. New has a 1 year low of $20.22 and a 1 year high of $40.00.

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

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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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