Ocean Rig Udw Upgraded by Zacks to Neutral (ORIG)
Zacks upgraded shares of Ocean Rig Udw (NASDAQ: ORIG) from an underperform rating to a neutral rating in a research note released on Friday morning. They currently have $14.60 price target on the stock.
Shares of Ocean Rig Udw traded down 0.41% during mid-day trading on Friday, hitting $14.47. Ocean Rig Udw has a one year low of $12.14 and a one year high of $18.43. The stock’s 50-day moving average is currently $15.91. The company’s market cap is $1.906 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Ocean Rig Udw from $29.00 to $26.00 in a research note to investors on Thursday, February 14th. They now have an overweight rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Ocean Rig Udw in a research note to investors on Wednesday, January 30th. They set an outperform rating and a $19.50 price target on the stock.
Eleven research analysts have rated the stock with a buy rating, four have assigned an overweight rating, and one has issued a hold rating to the company. Ocean Rig Udw currently has a consensus rating of buy and an average target price of $23.44.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.